What is in your wallet? Are you sure you get the right credit card? Do you collect points? Having several cards at once doesn’t guarantee you get the most out of them. Sometimes, having one correct card can be much more effective than having 10 or 12 of them. Why? Using a reward card doesn’t mean you’ll save a lot of money. It shouldn’t be just a reward, but a reward created specifically for your needs. There are hundreds of attractive offers out there and https://milesmag.com/ with the number of cards you can find there are a proof for this. But not all reward cards can be automatically called a good choice for anyone. Why? Let’s figure everything out.
What Is a Good Reward Credit Card?
The most common mistake a lot of customers make is considering a reward offer to be a free offer. Don’t neglect a reward card only because it has an annual fee. Calculate. Perhaps its cost is nothing compared to the bonuses and discounts you get? You should be ready to pay some fee for a reward program if it is worth it. Don’t assume that a free card is always better than one with a fee. Here are some tips and tricks to make your choice a little bit easier:
● Analyze what you need. A reward card, as any other offer should be tailored to your needs and interests. Don’t get a card with a huge dining discount if you don’t like eating out. It doesn’t make sense. Those free points can’t be used for anything else but restaurants, cafes, etc. So, why would you want them? Think about the most expensive thing in your budget. Gas stations? Groceries? Flights?
● Don’t spend money if you don’t have them, only to get a reward. Reward cards engage customers to spend money to earn bonuses during a certain period of time. But don’t overspend only to get that 100$ reward or free miles bonus.
● Don’t apply for ten reward cards to get ten different bonuses at once. A reward offer, which has one interesting feature only, is not a good one. Instead, look for a card, which combines several offers. Therefore, you will get the rewards faster out of this one, than out of those ten plastics. Maximize the offer you get.
● Don’t pick the first credit card you come across. There are so many wonderful offers out there. Do a research, compare the same offers from different companies, and pick the best one depending on what you’re going to use it for. Even if you have a great everyday card, it doesn’t mean that a reward offer from this bank is of the same quality.
As you can see, a good reward card is not the one, which offers the highest bonuses for free. It is a card which offers rewards, suitable for your needs particularly, even if they are not the highest ones or even if they are not for free.