2007-03-06 04:38:57 · 5 answers · asked by Lerat 4 in Business & Finance ➔ Credit
Rewards Credit cards are the best:
Reward credit cards reward you depending on the amount you spend on the credit card. Usually, you can collect rewards through 3 methods. One method involves earning cash back on the card, which is generally a certain percentage of each amount you spend. The next method involves giving points or any other type of token to the customers to accrue. They can then redeem these points for gifts like luggage, cosmetics and other goodies that the credit card company offers. Most of these reward schemes have alluring gifts and huge variety of selections. But the better option is to go for a cash back reward as it allows you to use the money any way you like.
The last method of reward is giving airmiles. Airmiles are highly popular reward, since many customers prefer to redeem them for free flights or flight upgrades to business or first class tickets. Whatever type of reward credit card you go for, carefully note the amount or rate at which rewards will accrue. E.g. some credit cards will give you one air mile per pound you spend while others will give you four. This is a major difference. Also read carefully other terms and conditions.
2007-03-06 23:46:56 · answer #1 · answered by mey t 2 · 0⤊ 0⤋
I tried them all, and personally love the American Express card. It has the best buyer protection, and the best rewards. Not only that, you can usually get a card with 0% APR for up to 15 billing cycles, so the possibilities are endless.
It really does depend on your situation though. There is no universal best credit card. It depends on your fico score, your intentions, spending habits, etc.
Learn more at http://www.thetruthaboutcreditcards.com
2007-03-06 12:45:25 · answer #2 · answered by Todd S 3 · 0⤊ 0⤋
Airline miles cards are great. I get about 1 free ticket a year on my northwest airlines us bank of credit card.
2007-03-06 12:55:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The one that pays you the most rewards for your normal spending. To quickly determine which card will pay you the most rewards for your spending pattern, check out the rewards calculator at http://www.creditcardtuneup.com/ .
2007-03-06 19:35:18 · answer #4 · answered by moviegoer_j 3 · 0⤊ 0⤋
Depends on your situation.
If you carry a balance, you want low interest.
If you don't carry a balance, you probably want the best rewards that work with your life - cash, FF miles, etc.
2007-03-06 13:22:44 · answer #5 · answered by Quixotic 3 · 0⤊ 0⤋