Who Has The Best Credit Card Reward Program?

Many companies boast of having the best credit card reward program

, but who really does? And all of them have enticing offers to get you to swipe that card! Every time you use your card there is the promise of receiving those coveted credit card rewards or free airline tickets to a sunlit sandy beach. And the faster you swipe, the faster you can get there.

Many claim to have the best cash reward credit card and the enticement of credit card rewards such as free airline miles, even rewards for dinners. All of these enticements and rewards encourage over spending and this over spending contributes to the vast number of Americans who are burdened with credit card debt. A cash back reward credit card is not a bad thing, you just need to use it wisely and dont over spend.

What Kind of Rewards are You Looking For?

To find the best credit card reward program for you, you must ask yourself a few questions. Do you travel often? If you do, many cards offer rewards beyond airline incentives. Look for cash rebate credit cards that offer points and discounts that you can apply to rental cars and hotel rooms to help and aid you in your travels.

Another question that you may ask yourself is; do you pay your card balance in full every month? If you do, you may benefit from a cash back reward credit card. If you are in the habit of carrying a balance from month to month, you would be better off using a low-interest credit card to make your purchases with. Cash rebate credit cards will almost always have higher interest rates.

When searching for the best credit card reward program you want a cash back reward credit card with lasting value. Look for a card that offers cash-back rewards. These types of cards will retain their value better than cards that offer only points. These point values can be changed at anytime by the card issuer. An important thing to remember is this, cash money can be used anywhere, while credit card reward points are limited to certain types of goods and services. Look for cash rebate credit cards that offer you at least 2-5% cash back on everyday purchases. 1% cash back is not very good, you can almost always find a better deal.

How Do You Spend?

Are you always charging on your credit cards year after year? If you are a frequent credit card user, you can benefit from a card like the Discover 5% Cash Back Bonus Card. You can even receive 5% to a whopping 20% when you shop at Shop Discover. This particular card is called the Discover More Card.

The Discover Motiva Card offers you a pay on time bonus. When you pay on time for six payments in a row you receive one months interest free. So if you use your cards on a frequent basis these are the best credit card reward program. However you spend, look for cash rebate credit cards with reasonable interest rates. But keep in mind that these types of cards do tend to have higher interest rates than regular cards.

by: Wendell and Charmayne Vannatter

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