by Edgar Arold

Created on: January 05, 2010

  There are several different credit cards that offer great rewards to their customers, based on the amount of usage the card gets.  These cards can be a big blessing, because the customer is getting paid to spend money.  However, there are also dangers if the customer has a lack of character, or they lose their job and cannot pay the card off if their is a balance.  In this article, several areas will be discussed concerning credit cards that offer rewards.

  1)  Pay normal bills with the credit cards, that would usually be paid with the checking account or cash.  Sometimes, the company may not accept credit cards, but for the most part, they do accept credit cards.  Electric, car payment, fuel, insurance, and phone bills are just a few that can be paid with the rewards credit card.  These bills are going to be paid anyway, hopefully, so they could be paid and you get rewards to pay your regular bills.  The danger is that the money in the bank will be spent and the credit card will add up and eventually turn into debt.  If someone cannot have the character to save the checking account money to pay off the credit card, then getting the rewards credit card may not be the best idea.

  2)  Let the rewards add up!  The goal of the rewards credit card company that has rewards is to promote huge redemption items to draw in customers and then have intermediate items that the customer will redeem when they get going with their card usage.  It is possible for a customer to get the big items if they are patient and let the points add up.  Let the points alone and be sure to use the card every month so the points will accumulate. 

  3)  Ask for an increased credit limit from time to time!  This may only be accomplished with good credit and maintaining the card well, but if the limit is increased, then the more rewards are possible in a faster amount of time.  Again, character has to accompany the increase in the credit limit, but credit line increases bring more possibilities with the rewards credit card.

  Many cards have various types of rewards from gift cards to plane tickets.  The key is finding the right card and exercising good judgment in using it.

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