Reward credit cards – going shopping with extra benefits

06 May 2013 - Mark Maffia

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Reward credit cards – going shopping with extra benefits

Bonus programs make reward credit cards an attractive way to pay

What is the difference from a traditional credit card?

A reward credit card is a normal credit card.   You can pay in restaurants, shops and on the internet, you will have an agreed-upon credit limit, and you benefit from high security.

Like any other credit card it is accepted worldwide when paying for goods and services, and the card issuer will book off the money you have spent at the end of the month.

In addition to the known benefits of a credit card, a reward credit card offers the possibility of collecting bonus points and of taking the advantage of special offers and discounts, or you can collect the points as air miles.

Who can have a reward credit card?

Everybody who qualifies for a traditional credit card can apply for a reward credit card.   However, it only is worth going for a reward credit card if one uses the card often enough to really be able to benefit from the bonus programmes, because the annual fee for reward credit cards tends to be higher than the fee for other credit cards.

Which is the best reward credit card?

Which is the best card depends on the card holder’s personal preferences.   If you are a frequent traveler you might prefer a card which offers air miles.   If you are likely to use your card in your home town, attractive special offers and discounts could be just right for you.   Just compare different reward credit cards before you decide which one is right for you.



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