Firstly, you should understand what are your main expenses to choose the best rewards credit card for you. There are different types of rewards cards:
Cash back credit cards. Some cash back credit cards offer fixed cash back rate, for example, 1% cash back on all purchases or certain rate for different categories, like 2% cash back on groceries. Another type of cards while other have rotating cash back categories that change every quarter. For example,the Discover it® Cash Back credit card allow you to earn 5% cash back on up to $1,500 in purchases when you activate. Every quarter you should sign up for 5% cash back bonus, otherwise you won’t be eligible for it. What is more, all the cash back earned at the end of your first year will be matched automatically (if you are a new cardmember). For example, if you earn $150, you will receive $300.
Travel rewards credit cards. If you travel often with one airline, you may choose from airlines co-branded credit cards. If you want to redeem earned miles on any travel, choose from general travel rewards credit cards. What is more, such cards often allow to redeem rewards on any travel expenses, like hotel stays, cruises, car rentals and more. Most travel cards also have their own portals where you can book travel at a special rate.
Here are more features to look for when choosing the best rewards card:
No annual fee. Sometimes cards come with hundred of dollars annual fee for the perks they provide. Ensure you earn enough rewards and annual fee doesn’t eat up your rewards.
No foreign transaction fee. If you want to apply for a travel rewards credit card, this feature is very important, don’t overpay for purchases made overseas.
Other Popular Credit Card Rewards FAQs
How long are my Qmiles valid for?
Qmiles are valid for a period of 3 years and will expire twice a year at the end of the semester in which those Qmiles where earned. Expiry dates will be 30th June and 31st December each year. For example, Qmiles earned between January and June 2015 will expire 30th June 2018 and Qmiles earned […]Continue »
If it is the Disney Rewards Visa card you are considering, then it won’t help you a lot. The card has 1% rewards, which is low even for co-branded cards. And the $50 statement credit is way surpassed by most of any cards. We strongly suggest that you better take a general rewards card, cause […]Continue »
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