In order to enjoy the best of what your reward credit card has to offer, start with making the right choice. Determining whether a reward credit card is right for you or not would depend on your lifestyle and needs.

Making the right decision is all about being aware of your choices. Here are some valuable tips on choosing the reward credit card that’s right for you:

Know the type of reward you want. Reward credit cards are categorized based on the rewards they offer.

Frequent Flyer Miles Reward Cards are best for frequent travelers to get more discounts from their ticket purchases and earn free trips. Gas Reward Cards are for vehicle owners who usually drive out of town or long distances.

On the other hand, Cash Back Reward Cards and Rebate Cards are the most common choice since these cards give more flexibility in both collecting and redeeming rewards. In any case, consider carefully which type of reward you prefer and if it is suitable to your spending habits.

Pay attention to the APR. Most reward credit cards impose high interest rates on their holders. Still, if you do your research well, you can find ones that has a 0% APR introductory offer. Take advantage of this limited time period and start collecting your points early on.

Take note that the zero interest may apply only for purchases or balance transfers. If you’re lucky, the 0% APR may apply for both. If that is the case, make the most out of your reward card by transferring over your high-rate balances from your other credit cards.

Be warned though, that introductory rate will not last. Some cards have only 6-month introductory period while others extend up to 12 months or longer. Choose one that will give you a reasonable rate even after the introductory period is over.

Check your credit report. You don’t want to go shopping around for reward credit cards only to be disappointed. Remember that reward credit cards usually require excellent credit rating from their applicants. Have you checked on your credit report yet?

If you have a low credit score, work on improving that score first before applying for a reward credit card. The best deals are often extended only for those who enjoy outstanding credit scores.

Study the terms carefully. If you have already narrowed down your choices of reward credit cards, take time in studying the terms and conditions that each card offers. You don’t want to get stuck with reward credit card that doesn’t deliver your expectations.

Check if there are blackout dates or limits on earning your rewards. Check the restrictions on earning or redeeming points. What about the fees? Will it cost you a lot just to maintain your membership with the reward program? What are the exact procedures on collecting your reward points? Make sure that each statement in the contract is clear to you before signing up and sending your application.

Allison May is a credit consultant and a writer for Credit Creators. The resource provides consumers with valuable advice and information on credit cards for bad credit,credit cards for good credit and other credit-related issues. Its main objective is to help people build good credit. Copyright © 2008

By Allison May

Allison May is a credit consultant and a writer for Credit Creators. The resource provides consumers with valuable advice and information on Guaranteed Approval credit cards, Unsecured credit cards for Bad Credit and other credit-related issues. The main objective here is to help people build good credit. Add Allison on

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