Prime customers can still benefit from some of the most attractive credit card rewards
If you want to be privy to attractive rewards on your credit cards, it is time to build your credit history to generate a credit score that falls in the ‘excellent’ category. Customers with excellent credit scores are having the last laugh as banks are doling out the most lucrative rewards to ensure they get on their customer data base.
The latest in terms of attractive rewards comes from Chase. The Southwest Airlines Rapid Rewards Premier card offers the card holders up to 50,000 bonus points on the first purchase made using the card. These points are sufficient enough to buy two roundtrip tickets to any of the destinations that Southwest flies to. However, the perks of this card do come at a price. The annual fee on this credit card is $99 and the interest rate is 14.24%, provided the customer has a good credit score. Consumer’s eager to apply for this credit card should have excellent to good credit scores to gain eligibility.
With the competition getting hotter by the day, credit card lenders are willing to stretch themselves this to ensure they get most of the consumers with excellent credit scores since they fall under the low risk category. As per the survey results from Mintel Compermedia, the number of reward credit cards, that stood at 551 million in the year 2009 nearly doubled in 2010 and stood at 1.4 billion. The consumers that are benefiting the most from these offers are the ones who have a good credit history backing them.
Latest Credit Card Rewards News
If you are lucky to own one of the Discover cashback bonus credit cards i.e. the Discover it® Cash Back, the Discover it® Balance Transfer, the Discover it® Student Cash Back or the NHL® Discover it® credit card, you most probably know that May brings the beginning of activating the 3rd quarter 5% cashback bonus category. But are you hip to the latest news about the categories update?
On April 22 the Canadian direct bank Tangerine Bank introduced an improved sign-up bonus offer for their no-annual fee cash back credit card – the Tangerine Money-Back Credit Card. Founded by ING Group in 1997, Tangerine Bank was acquired by Scotiabank in 2012 and now besides the Mastercard cash back card offers savings and chequing accounts, mutual funds and mortgages.
Capital One cardholders have a great opportunity to get cash for miles earned with the Venture Rewards or the VentureOne Rewards cards. The advertising says: “Just pick up and go.” And in fact, Venture travel rewards cards make it easy to earn unlimited miles and redeem for any recent travel purchase.
The inaugural J.D. Power Credit Card Satisfaction Study found that when it comes to choosing a credit card, it’s all about rewards. But just offering rewards isn’t enough: cardholders have to understand how to redeem them, as well.
Travelers will be able to collect more points and take advantage of more special features with the new and improved Southwest Rapid Rewards Priority card, which is offering a limited-time introductory bonus of up to 65,000 reward points. This is more than half the points needed to get a companion pass, once they’ve spent the required amount on the card.