A lot of reward credit cards offer more than just one type of reward system. By combining two or more reward types in one card, cardholders are given more choices and flexibility when it comes to redeeming points. For instance, reward cards with Frequent Flier Miles reward primarily offers its cardholders the chance to travel for free using the points they earned from their purchases. However, there are travel reward credit cards that allow you to exchange your mileage points for gift certificates, or merchandise, rebates or cash back.
Why Exchange Miles Rewards for Gift Check, Merchandise or Cash Back
There are instances when a travel reward credit card holder may opt not to claim his/her opportunity to fly for free. Instead of free airline ticket, you may decide to exchange your points for other valuable goods if you feel that it’s not the perfect time for you to go on a trip. It is very important to find a travel rewards credit card with other reward options to avoid forfeiting your hard-earned points.
Does your Frequent Flier Miles card provide you with flexibility and convenience? Are you allowed to exchange your mileage points for other incentives in case you won’t be able to go on travel? Can you carry over unredeemed points for the past year or will you lose all those points if you fail to make a flight reservation? These are important factors to consider when reviewing the card’s Terms & Conditions.
On Earning Credit Card Rewards Points
Having a reward credit card isn’t just about grabbing opportunities. Do not just buy things for the sake of earning more points in your account. You also need to think whether you can afford to pay off that purchase in full before your due date to avoid the additional interest rate costs. Take note that credit cards with rewards usually carry higher APR than non-rewards cards so if you’re going to leave a balance, you’ll end up paying for more than the original amount you owe.
Before signing up for a reward credit card, you need to weigh your options very carefully. Asking yourself the following questions should help you weigh your decision:
• Will the costs of the card offset the value of rewards that you can earn?
• Does that particular credit card really give you a realistic opportunity to enjoy your rewards?
• Will you get points from your regular purchases or do you need to purchase from a particular shop?
• Will you lose your chance to be rewarded if you fail to gather enough points on time?
• Are the restrictions of the reward program reasonable?
If you’re a reward credit card holder, it is your duty to make sure that you are earning the points you deserved from your purchases. Check your account regularly and see to it that all the points you earned from your purchases are accurately credited to your account. You can check your rewards by calling your issuer’s customer hotline or by accessing your account online. If you have any queries regarding the calculation of your points, call your credit card issuer right away.
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Showing posts with label Travel Rewards. Show all posts
Showing posts with label Travel Rewards. Show all posts
Monday, October 5, 2009
Monday, August 10, 2009
Can Reward Business Credit Cards Make You Rich?
To keep up with the competition, credit card companies offer different reward programs to keep their old clients and attract new card holders. Even business owners can take advantage of the rewards that are exclusively offered for business credit card holders.
If you’re a business owner, you can find a wide variety of reward programs and choose the one that best matches your business spending and needs. The basic reward programs include Frequent Flyer Miles Rewards, Gas Rebates, and Cash Back Rewards. Some small business credit cards even offer more than one type of rewards.
If you’re a business owner, should you apply for a reward business credit card? What are the advantages of using reward credit cards with your business? Can these cards really make you rich?
The Advantages of Business Credit Cards with Rewards
It is true that using business credit cards allow you to get more from your expenses. Since business owners spend more than personal credit card holders, they can collect points at a faster rate and earn much bigger rewards. For this reason, entrepreneurs are encouraged to grab this opportunity and make the most from their business spending.
Business credit cards with rewards are also sponsored by merchants that offer products and services for businesses. Using your card to purchase office supplies and other goods from affiliated merchants give you the chance to enjoy discounts, perks, bonuses and special privileges that are exclusive only for its card holders.
For business owners, using small business credit cards with reward programs are definitely worth considering. Imagine how much you can save from your expenses if you are given at least one point per every dollar you purchased.
The Risks – and How to Avoid Them
Nevertheless, benefitting from reward credit cards depend on how well you manage your account. For instance, reward business credit cards have higher interest rates than credit cards without rewards. If you want to apply for a reward business credit card, paying off your monthly charges in full is a must. This way, you can avoid paying for the interest and penalty fees altogether. If you have to carry over your balances from month to month, you’ll only be spending more than what you originally owe because of the additional interest charges.
Use your business credit card with discretion. You may be tempted to charge purchases on your account just for the purpose of collecting points. However, this habit could prove to be dangerous. Charging unnecessary expenses to your account can easily lead to overspending and uncontrolled debt. To avoid bad debt, make sure that every purchase you charge to your account is important for the business.
Choose a reward business credit card that suits your business. For instance, if your business requires you to travel a lot, then perhaps a Travel Reward credit card would be best for you. Otherwise, it may be more practical to get a cash back business credit card or a gas reward credit card instead. Finally, read the entire Terms and Conditions of your credit card before signing up your application. Understand the rules of the reward program and make sure that your business can benefit from it.
More Rewards:
Cash Reward Credit Cards
Points Rewards Credit Cards
Travel Rewards Credit Cards
If you’re a business owner, you can find a wide variety of reward programs and choose the one that best matches your business spending and needs. The basic reward programs include Frequent Flyer Miles Rewards, Gas Rebates, and Cash Back Rewards. Some small business credit cards even offer more than one type of rewards.
If you’re a business owner, should you apply for a reward business credit card? What are the advantages of using reward credit cards with your business? Can these cards really make you rich?
The Advantages of Business Credit Cards with Rewards
It is true that using business credit cards allow you to get more from your expenses. Since business owners spend more than personal credit card holders, they can collect points at a faster rate and earn much bigger rewards. For this reason, entrepreneurs are encouraged to grab this opportunity and make the most from their business spending.
Business credit cards with rewards are also sponsored by merchants that offer products and services for businesses. Using your card to purchase office supplies and other goods from affiliated merchants give you the chance to enjoy discounts, perks, bonuses and special privileges that are exclusive only for its card holders.
For business owners, using small business credit cards with reward programs are definitely worth considering. Imagine how much you can save from your expenses if you are given at least one point per every dollar you purchased.
The Risks – and How to Avoid Them
Nevertheless, benefitting from reward credit cards depend on how well you manage your account. For instance, reward business credit cards have higher interest rates than credit cards without rewards. If you want to apply for a reward business credit card, paying off your monthly charges in full is a must. This way, you can avoid paying for the interest and penalty fees altogether. If you have to carry over your balances from month to month, you’ll only be spending more than what you originally owe because of the additional interest charges.
Use your business credit card with discretion. You may be tempted to charge purchases on your account just for the purpose of collecting points. However, this habit could prove to be dangerous. Charging unnecessary expenses to your account can easily lead to overspending and uncontrolled debt. To avoid bad debt, make sure that every purchase you charge to your account is important for the business.
Choose a reward business credit card that suits your business. For instance, if your business requires you to travel a lot, then perhaps a Travel Reward credit card would be best for you. Otherwise, it may be more practical to get a cash back business credit card or a gas reward credit card instead. Finally, read the entire Terms and Conditions of your credit card before signing up your application. Understand the rules of the reward program and make sure that your business can benefit from it.
More Rewards:
Cash Reward Credit Cards
Points Rewards Credit Cards
Travel Rewards Credit Cards
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