How to Take Advantage of Rewards Credit Cards

Want to save on travel, pick out free merchandise, or receive checks in the mail? These are just some of the bonuses companies offer through rewards credit cards. With a little planning, you can make the most of your rewards card.

How Rewards Offers Work

Companies offer a vast array of reward plans. Yet the basic principle of all rewards offer is the same: you receive “rewards” for using the cards. For cash back cards, companies offer a certain percentage, such as 1%, return on all of your purchases. So if you spend $2,500, you can expect a check for $25. Some companies include a higher percentage, such as 5%, in cash back for shopping at grocery stores and gas stations. This way you earn more cash for regular household purchases. Think about it: the $2,500 you spend could bring in a $125 check – just for shopping!

Cash back cards are not the only type of rewards offers available; there are plenty of others to choose from. Some rewards cards offer a point system. You might receive one point for each dollar spent. You can then use your points to buy certain items. Others include rebates for gas purchases, discounts on hotels, and miles toward airline travel.

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