When you use credit cards with rewards you save on whatever you buy with your credit card. To reap maximum benefits from your rewards credit card, you need to choose the one what fits your spending habits. And when your credit is excellent, you have lots of tempting offers to choose from.
Main types of rewards credit card applications are cash rewards credit cards and point rewards credit cards. Consider where you usually shop and how much you spend there to decide which type of rewards will allow you to save more.
For example, if you are a frequent traveler, your excellent credit can get you credit cards with airline rewards, hotel rewards, or gas rewards. Also, there are travel rewards credit cards that will allow you to save on all your travel expenses. Just keep in mind that a carefully chosen rewards credit card can earn you the highest rebates in categories or places you usually spend the most.
Also, your excellent credit can get you a rewards credit card that also comes with no annual fee, low or 0% intro APR and a low interest rate after a promo period is over. If you choose cards with fees, make sure rewards you earn and benefits you get are worth the credit card fees.
Excellent credit allows you to choose credit cards by the type of rewards you want to earn. Therefore, take your time and compare all credit card rewards applications before you apply for a new credit card.