Reward Credit Cards
Reward credit cards offer a great range of benefits, from air miles, hotels points, vouchers, cheaper petrol and many more reward schemes. Spend money as normal using your reward credit card and receive something back! Reward credit cards work just like any other type of credit card with a line of credit and the other normal features of a credit Choose from the offers below and use the comparison chart to help you. What exactly is offered? How much is the APR? What about the other standard features – is there a balance transfer offer? Take your time and if necessary click on 'Detail Information' to see each product in more detail. If you are ready to apply or just want to make an enquiry, click on the blue More Info button.
Compare Reward Credit Cards To Get The Most Out Of Your Money
A Rewards Credit Card can help you to get something back when you spend using your credit card.
How can a reward credit card help me?
Credit cards are very popular and because they are great for giving you a bit of extra financial freedom and are convenient and safe to use there are many different types of credit cards available on the market. One type of credit card you can get is a reward credit card. With a reward card, you can get all the benefits of a credit card but with additional benefits.. Not only does the card give you a line of credit, it also gives you many extras and rewards just for using the card. Many people use reward credit cards. If you are going to be spending the money anyway you can get something extra out of it.
What sort of rewards are available?
There are a large variety of reward programmes on the market. For regular travellers you can earn air miles and discounts on hotel stays and travel insurance. Most popular are cards that offer cashback programmes but there are also cards where you earn points which you can exchange at hundreds places and earn discounts on things like fuel and grocery shopping. With a rewards credit card you earn every time you spend and so ultimately, the more you spend the bigger the rewards. Reward credit cards can help you save and earn money at the same time. As soon as you make sure first card purchase on your rewards credit card you will start to accrue reward points and discounts. Reward points can be redeemed as soon as you earn them and the number of rewards points you have will be shown on your monthly statement.
Who should use reward credit cards?
Reward credit cards benefit you the most if you use the credit wisely and pay off the balance each month. . This is because the interest that you will pay on your outstanding debt can outweigh the value of any reward. You don’t want to end up spending more on fees and interest charges than benefitting from the rewards. These cards can be great for people who are regular shoppers but they are not suited to people who rarely use their credit cards. Reward Credit Cards are not suited to people who have poor credit. If you are attempting to rebuild your credit you would be better served with a card that does not offer the temptation of reward cards which encourage you to spend. Furthermore, reward credit cards often have higher standards for credit scoring and could harm your credit further by having your application rejected.
Are there disadvantages to reward credit cards?
With any credit card there is the risk of falling into debt if you fail to make your repayments on time. These cards encourage spending because the more you spend the more rewards you will earn. A rewards card can easily lead you to debt when you have to charge things you ordinarily wouldn’t just to accumulate rewards. Cards that offer rewards often have higher interest rates than standard credit cards. With this said you should only use your rewards cards for item that you’ll pay off every month. You should bear in mind that you might have to spend a lot of money to earn a decent reward. You should be wary of introductory offers and make sure you are not just drawn in by these. With some cards once this period ends they can become very expensive so make sure you know what happens once the offer comes to an end. Watch out for fees. It's important to understand the fees and to make sure the costs don’t outweigh the rewards you receive. If the value of the rewards you receive isn’t more than the fees you have to pay, the card isn’t worth the cost. You will find there are annual fees and sometimes even application fees. It is also likely that you will be charged to making cash withdrawals.
13 May 2013
Using a reward credit card offers you a whole range of extras, because every time you use it you take part in reward schemes which make spending money more worthwhile, and thus make this type of a credit card a particular attractive way to pay
01 February 2012
Which Way to Pay
Reward credit cards are becoming increasingly popular in Ireland because you can earn rewards as you spend.
25 October 2011
Which Way to Pay
Many of us will have a credit card primarily as a low interest form of borrowing, to make our finances run more smoothly and to ensure that we are never unable to pay a bill. Apart from these obvious benefits however, there are other perks to spending using a credit card.