cash back rewards http://www.wisebread.com/taxonomy/term/11625/all en-US 5 Best Cash Back Credit Cards http://www.wisebread.com/5-best-cash-back-credit-cards <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-best-cash-back-credit-cards" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman-with-cash.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>Many people prefer cash back rewards to other credit card perks such as <a href="http://www.wisebread.com/6-ways-my-family-scores-free-travel-with-credit-cards?ref=internal">frequent flyer miles</a>. Cash has the advantage of being simple to understand and universally accepted. Unlike points and miles, cash can earn interest when unused and are not subject to the constantly changing terms and conditions of corporate loyalty programs. (See also: <a href="http://www.wisebread.com/how-rewards-credit-cards-really-work?ref=seealso">How Cash Rewards Credit Cards Really Work</a>)</p> <p>My family is a perfect example of how you can use credit cards to receive cash back. Using our cards for day-to-day purchases, we may spend as much as $2,500 with them each month. When we are not looking for <a href="http://www.wisebread.com/top-5-travel-reward-credit-cards?ref=internal">travel rewards</a>, we use a card that returns 2% on all purchases in order to earn an additional $50 a month in cash back. That equals a return of <strong>$600 each year</strong> that we can add to our discretionary spending or apply to our savings.</p> <p>Just one word of caution &mdash; cash back credit cards should only be used by people who can pay their credit card balances in full and on time. To do otherwise virtually ensures that you will owe more in interest and penalties than you will ever receive as cash back.</p> <h2>The Top 5 Credit Cards Featuring Cash Back Rewards</h2> <p>Once you have decided to earn credit card rewards in the form of cash back, you should definitely consider one of these top 5 cash back rewards cards.</p> <!--featured pick--> <div style="background:lightgoldenrodyellow;padding:10px;margin-bottom:10px;"> <h2>Discover it&reg; - New! Double Cash Back your first year</h2> <!--<a href="http://track.linkoffers.net/a.aspx?foid=26153835&fot=1022&foc=2&foc2=605215&amp;fobs=" rel="nofollow" target="_blank"><img width="154" height="98" src="http://content.linkoffers.net/SharedImages/Products/220537/605215.png" style="float:right;margin:0 5px 5px 10px;" class="img-exempt" alt="" /></a>--> <p>Discover it offers 5% cash back in categories that change each quarter up to the quarterly maximum when you sign up, plus 1% cash back on all other purchases. As an exclusive offer to new cardmembers, Discover will double all the cash back you've earned at the end of your first year &mdash; automatically. Besides being a great cash rewards credit card, it also offers protection from higher APRs due to late payments and you can track your recent FICO credit scores for free in an easy-to-read chart on monthly statements and online. Their new Freeze It<sup>SM</sup> on/off switch allows you to prevent new purchases, cash advances and balance transfers in seconds by mobile app or online. <strong>There is no annual fee.</strong></p> <p>As a sign-up bonus, you can get 0% APR on purchases and balance transfers for the first 12 months &mdash; then a variable purchase APR applies (currently 10.99% - 22.99%). A 3% fee applies to each transferred balance.</p> <!--<p><a href="http://track.linkoffers.net/a.aspx?foid=26153835&fot=1022&foc=1&amp;fobs=" rel="nofollow" target="_blank"><strong>Click here to apply for the Discover it&reg; Card</strong></a></p>--> </div> <!--/featured pick--> <h2>Blue Cash Preferred&reg; Card from American Express</h2> <p><a title="Blue Cash Preferred&reg; Card from American Express" alt="Blue Cash Preferred&reg; Card from American Express" rel="nofollow" href="http://track.linkoffers.net/a.aspx?foid=3577212&amp;fot=1022&amp;foc=2&amp;foc2=536602&amp;fobs=" target="_blank"><img border="0" src="http://content.linkoffers.net/SharedImages/Products/165588/603474.png" class="img-exempt" style="float:right;margin:0 5px 5px 10px;" alt="" /></a>The <a target="_blank" href="http://track.linkoffers.net/a.aspx?foid=3577212&amp;fot=1022&amp;foc=1&amp;fobs=" rel="nofollow">Blue Cash Preferred&reg; card</a> offers the highest cash back you can get for groceries.&nbsp;Get 6% cash back at US supermarkets (up to $6,000 per year in purchases), 3% at U.S. gas stations and select U.S. department stores, and 1% on other purchases. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. There is a $75 annual fee.</p> <p>As a <strong>sign-up offer</strong>, you can get $150 back in the form of statement credit after you make $1,000 in purchases with your new card in the first three months. You also get 0% APR on purchases and balance transfers for the first 15 months. After that, your APR will be a variable rate, currently 12.99%-21.99%, based on your creditworthiness and other factors.&nbsp;<span style="font-size: 13px; line-height: 1.5; background-color: transparent;">Terms and limitations apply.</span></p> <p><a target="_blank" href="http://track.linkoffers.net/a.aspx?foid=3577212&amp;fot=1022&amp;foc=1&amp;fobs=" rel="nofollow"><strong>Click here to apply for the Blue Cash Preferred&reg; Card from American Express today!</strong></a></p> <h2>Chase Freedom&reg;</h2> <p><a target="_blank" href="http://track.linkoffers.net/a.aspx?foid=3765832&fot=1022&foc=2&foc2=599918&amp;fobs=" rel="nofollow" alt="Chase Freedom&reg;" title="Chase Freedom&reg;"><img border="0" width="154" src="http://content.linkoffers.net/SharedImages/Products/166071/599916.png" class="img-exempt" style="float:right;margin:0 5px 5px 10px;" alt="" /></a><a target="_blank" href="http://track.linkoffers.net/a.aspx?foid=3765832&fot=1022&foc=1&amp;fobs=" rel="nofollow">Chase Freedom&reg;</a> has been named the Best Card for Cash Back by MONEY Magazine. Get 5% total cash back on up to $1,500 in combined purchases in bonus categories each quarter. Now through September 30, those categories are gas stations and Kohl's. You get unlimited 1% cash back on all other purchases. There is no annual fee.</p> <p>As a <strong>sign up bonus</strong>, earn $100 after you spend $500 on purchases within the first 3 months of account opening. You can also earn an extra $25 if you add an authorized user and make a purchase within the same 3-month period. Get 0% APR for 15 months on purchases and balance transfers. After that, a variable APR of 13.99-22.99% applies.</p> <p><strong><a target="_blank" href="http://track.linkoffers.net/a.aspx?foid=3765832&fot=1022&foc=1&amp;fobs=" rel="nofollow">Click here to apply for the Chase Freedom&reg; card today!</a></strong></p> <h2>Citi&reg; Double Cash Card</h2> <p><a href="http://www.dpbolvw.net/click-2822544-12003694?sid=steele-1260193" target="_top"><img width="154" height="98" border="0" alt="" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u784/CitiDoubleCash.jpg" class="img-exempt" style="float:right;margin:0 5px 5px 10px;" /></a>The <a href="http://www.dpbolvw.net/click-2822544-12003694?sid=steele-1260193" target="_top">Citi&reg; Double Cash Card</a> stands out from other credit cards offering cash back rewards in that you earn cash back not once, but twice on every purchase. You get 1% cash back when you buy, plus another 1% cash back as you pay for those purchases. No need to wait until you pay off a purchase to earn the additional cash back &mdash; you'll get it whether you can pay in full or over time, as long as you pay at least the minimum amount due.&nbsp;Unlike many other cards, the Double Cash card has no category restrictions, no enrollments in rotating categories, and no limits on the amount of cash back that you earn. <strong>There's no annual fee, either.</strong></p> <p>There is a 0% Intro APR on Balance Transfers and Purchases for 15 months. After that, the variable APR will be 12.99%-22.99%, based on your creditworthiness</p> <p><a href="http://www.dpbolvw.net/click-2822544-12003694?sid=steele-1260193" target="_top"><strong>Click here to apply for the Citi&reg; Double Cash Card today!</strong></a></p> <h2>Upromise World MasterCard&reg;</h2> <p>Upromise World MasterCard&reg; offers several ways to earn cash back. Get 5% cash back on eligible online shopping through their portal, 4% at thousands of participating Upromise Dining Restaurants, up to 3% cash back on eligible gas purchases from Exxon or Mobil, 2% cash back at movie theaters, and 1% on everything else. There are no caps. You also have various options on cashing out your rewards -- contributing to a Upromise 529 College Savings plan, depositing to a Sallie Mae High-Yield Savings Account, making a payment towards a Sallie Mae services loan, or redeeming a check. There is no annual fee.</p> <p>As a sign-up bonus, you can get $25 cash back with your first purchase, and a 0% APR on balance transfers and purchases for the first 12 months.</p> <h2>Capital One&reg; Quicksilver&reg; Cash Rewards Credit Card</h2> <p><a target="_blank" href="http://www.wisebread.com/capital-one-quicksilver-cash-rewards?ref=789703" rel="nofollow"><img width="154" height="97" align="right" alt="" src="http://content.linkoffers.net/SharedImages/Products/219963/598863.png" class="img-exempt" style="float:right;margin:0 5px 5px 10px;" /></a>Don't want to bother with rotating quarterly categories? The <a target="_blank" href="http://www.wisebread.com/capital-one-quicksilver-cash-rewards?ref=789703" rel="nofollow">Capital One Quicksilver Cash Rewards Card</a> will get you 1.5% cash back on all purchases. There is no limit to the amount of cash you can earn, and no minimums to redeem the cash back. The cash back doesn't expire, either! You can get cash back in the form of an account credit, check, or gift card. There is no annual fee.</p> <p>There is currently a sign up offer of $100 cash bonus after you spend $500 on purchases within the first 3 months. There is also a 0% APR on purchases and balance transfers until May 2016. (After the intro period, there is a 12.9%-22.9% variable APR; a 3% fee applies to each balance transferred.) This card comes with the Capital One&reg; Credit Tracker, which allows you to easily monitor your monthly credit score anytime, anywhere &mdash; for free! Plus, you get 20% statement credit on all Uber rides purchased with this card through April 2016.</p> <p><a target="_blank" href="http://www.wisebread.com/capital-one-quicksilver-cash-rewards?ref=789703" rel="nofollow"><strong>Click here to apply for the Capital One&reg; Quicksilver&reg; Cash Rewards Card</strong></a></p> <p>Within the credit card industry, the term &ldquo;deadbeat&rdquo; is used as slang to describe customers who always pay their balances in full and on time. These customers don&rsquo;t provide the banks with any profits from interest payments or late fees, but they are still valued customers due to the merchant fees their spending generates and their impeccable payment history. If you are a proud member of this group, and you have no interest in travel rewards, you should be using one of these cards that offer the maximum cash back for your spending.</p> <p><a href="http://www.wisebread.com/topic/personal-finance/credit-cards"><strong>Back to the Credit Card Guide</strong></a></p><br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/jason-steele">Jason Steele</a> of <a href="http://www.wisebread.com/5-best-cash-back-credit-cards">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/3-smartphone-apps-that-manage-and-maximize-your-credit-card-rewards">3 Smartphone Apps That Manage and Maximize Your Credit Card Rewards</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/top-5-travel-reward-credit-cards">5 Best Travel Reward Credit Cards</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-credit-cards-for-dining-out">The 5 Best Credit Cards for Dining Out</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-best-5-credit-cards-for-groceries">The 5 Best Credit Cards for Groceries</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/top-seven-reasons-why-i-use-my-credit-card-for-everything">Top Seven Reasons Why I Use My Credit Card for Everything</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Credit Cards Extra Income cash back rewards credit card rewards credit cards Fri, 14 Jun 2013 11:48:20 +0000 Jason Steele 789703 at http://www.wisebread.com Why I Hate Credit Card Points http://www.wisebread.com/why-i-hate-credit-card-points <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/why-i-hate-credit-card-points" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/762062828_0d61fbf38e_z.jpg" alt="credit cards" title="credit cards" class="imagecache imagecache-250w" width="250" height="188" /></a> </div> </div> </div> <p>With few exceptions, I have no interest in rewards in the form of &quot;points,&quot; &quot;miles,&quot; or anything similar. (See also: <a href="http://www.wisebread.com/swipe-envy">Swipe Envy</a>)</p> <p>I've always felt this way, but I've been prompted to write this by a particularly annoying commercial. What sets me off is when the actor playing the customer talks about how his points are &quot;like money in the bank.&quot;</p> <p>Of course, my response is, &quot;You know what's <em>more</em> like money in the bank? <em>Money in the bank!</em>&quot;</p> <p>Then he goes on to talk about how he can &quot;spend&quot; his points to get stuff he wants.</p> <p>To which I say, &quot;You know what else you can spend to get stuff you want? <em>Money in the bank!</em>&quot;</p> <p>(I actually do say these things &mdash; out loud, at the TV. So far, fortunately, my wife is managing to find my reaction amusing rather than annoying.)</p> <h2>When Points Are Worth It</h2> <p>There are two circumstances when taking points, miles, or any similar construct is a win: When someone else is paying (but you get the rewards), and when the company screws up.</p> <p><strong>When Someone Else Is Paying</strong></p> <p>The modern origin of these schemes is frequent flier miles. They were invented as a way to incentivize business travelers to chose a particular airline for their company-paid travel.</p> <p>The issue was that business travelers had a lot of control over their business travel. Even within rules that required choosing the cheapest fare, the traveler had considerable influence, because they could control the details of when they could leave and when they had to return. If they wanted to travel on Airline X, it was easy to schedule meetings such that traveling on Airline Y would require an extra overnight stay or any extra day away from the office.</p> <p>The reason there are so many complex rules about using and transferring frequent filer miles was to make it difficult for companies to insist that their business travelers use them for business trips or turn them over to the company.</p> <p>But this is only an advantage when the person who's getting the miles isn't the one paying the fare. When you're paying for your own ticket, frequent flier miles are just a way to prepay for future trips that you may not even take.</p> <p>A special case of this is when you can get your money back, but still keep the points. For a while there was a deal to let coin collectors buy directly from U.S. Mint at face value. People were buying coins with a credit card that offered miles, and then just depositing the money at their bank at face value.</p> <p><strong>When the Company Screws Up</strong></p> <p>It doesn't happen often, but sometimes a company will screw up. There was a famous case a few years ago where a company offered free travel for people who bought appliances. Unfortunately for the company, the people who designed the scheme got careless. They were thinking about large appliances like refrigerators, but wrote rules that let small appliances like vacuum cleaners and bread makers count. People quickly figured out the cheapest set of small appliances that would entitle them for the trip they wanted to take and bought those appliances in great numbers. The company ended the program as quickly as it could, but still ended up losing a lot of money.</p> <h2>Prefer Cash</h2> <p>Except for those special cases, you're almost always better off taking the cash &mdash; using a cash-back rewards card, or buying from a business that doesn't load you up with a stupid points-based rewards program.</p> <p>I know some people parse these schemes very closely and find that there are circumstances where they can come out ahead. (See, for example: <a href="http://www.wisebread.com/credit-card-rewards-programs">Credit Card Rewards Programs </a>and <a href="http://www.wisebread.com/maximizing-rewards-programs-with-pointscom">Maximizing Rewards Programs with Points.com</a>.) To a first approximation, I'm automatically doubtful.</p> <p>I have a credit card that provides cash back. I could get one that provides miles instead. But I know that a credit card company that provides miles is buying the miles from an airline &mdash; and it wouldn't be doing so unless it's getting the miles for less.</p> <p>The airline is glad to sell miles to the credit card company cheap, because it knows that it comes out ahead in a dozen different ways. It sets the rules for how much the miles are worth and when they can be used. Plus, it knows that most of the miles will go unused for months or years &mdash; and that some miles will never be used.</p> <p>Even the people who do the careful parsing, and think they're getting their miles cheap, sometimes end up being unable to take the trip that they think they're getting such a good deal on &mdash; a work emergency or a family emergency or just a change in circumstance will force a change in plans, and there they'll be with a bunch of frequent flier miles.</p> <p>Prefer cash. You can spend it on whatever you want, not just on whatever the firm that offers points or miles wants to sell you.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/philip-brewer">Philip Brewer</a> of <a href="http://www.wisebread.com/why-i-hate-credit-card-points">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-buy-and-sell-airline-miles">How to Buy and Sell Airline Miles</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-tips-for-scoring-a-frequent-flyer-rewards-flight">5 Tips for Scoring a Frequent-Flyer Rewards Flight</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/maximizing-rewards-programs-with-pointscom">Maximizing Rewards Programs with Points.com</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/top-5-travel-reward-credit-cards">5 Best Travel Reward Credit Cards</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-best-cash-back-credit-cards">5 Best Cash Back Credit Cards</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Credit Cards Travel airline points cash back rewards frequent flyer miles Wed, 16 May 2012 10:36:08 +0000 Philip Brewer 929165 at http://www.wisebread.com 6 Ways to Benefit From Your Credit Card http://www.wisebread.com/6-ways-to-benefit-from-your-credit-card <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-ways-to-benefit-from-your-credit-card" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000007864786Small.jpg" alt="Woman with credit card at computer" title="Woman with credit card at computer" class="imagecache imagecache-250w" width="250" height="142" /></a> </div> </div> </div> <p>No amount of credit card reform is going to help if you don't spend the time to make your credit cards benefit you. As with many things, credit cards can be wonderful if you are disciplined, but they can also backfire and create a huge financial hole for you to dig out of. (If the latter is more likely for you, may I suggest measures such as freezing your credit card?) Here are six ideas for how to benefit from your credit card.</p> <h3>1. Eliminate Annual Fees</h3> <p>You likely looked into this before you applied to your current card of choice, but is your credit card still free to own? Many institutions started charging annual fees, and there's a chance that yours does now as well. With companies likely adding the annual fee as a line item on one of your monthly bills, it may go unnoticed &mdash; so double check to make sure. (See also: <a href="http://www.wisebread.com/credit-card-fees-hidden-and-otherwise">Credit Card Fees: Hidden and Otherwise</a>)</p> <h3>2. Pay Your Balances Off Each Month</h3> <p>I contemplated whether to put this one in, because it's obvious. But it's so important that everyone needs to hear this again and again. Don't use a credit card unless you can pay it off each month. Got it? Now go read it again, and follow the rules.</p> <p>If you don't believe that it's possible to live without borrowing, just remember that people were fine before the invention of debt! If you can't afford it, just don't buy it. (See also: <a href="http://www.wisebread.com/how-much-does-your-credit-card-debt-cost-you">How Much Does Your Credit Card Debt Cost You</a>)</p> <h3>3. Stick With Cash-Back Rewards</h3> <p>There are zillion different ways to redeem your credit card rewards, but it's probably best to stick with getting cash (or perhaps a statement credit) unless you were going to need to use it anyway. For example, getting a free airline ticket is good if you were going to buy the exact same ticket for the exact same price, but getting a $50 gift card and ending up buying $73.28 worth of useless junk is not worth it.</p> <h3>4. Know All the Benefits You Are Getting</h3> <p>It's always a good idea to know every benefit that your card is providing. In addition to reward points, some cards get you into airport lounges, while others will double the warranty of a product. By knowing all the benefits, you won't be paying extra for something that you can get for free. For example, one of my credit cards provides rental car insurance.</p> <h3>5. Write Down Why You Applied for the Card in the First Place</h3> <p>A good way to remember all those benefits is to actually write them down in simplified form somewhere, so you can look at it once in a while to <a href="http://www.wisebread.com/perform-a-credit-card-rewards-annual-review">refresh your memory</a>. I know it is a bit of work, but I applied for one of my cards eight years ago. Would you remember all the details from eight years ago? Or let's say you applied for a 0% balance transfer credit card. Now that the introductory 0% APR period is over, do you still need to keep it?</p> <h3>6. Use Credit Cards Whenever Possible</h3> <p>This is only for those who can pay off the balance of course, but remember to use your credit card every chance you get! I know there are many people who like to make fun of those who use credit cards for the smallest purchases, but did you know that it is actually easier (and faster) for both the buyer AND the seller when small purchases are paid using a credit card? When you don't even need to sign for a purchase at some of these stores, using a credit card is a no-brainer.</p> <p>There are many more ways you can save with a credit card, but if your credit card isn't working for you yet, start with the tips up above.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/david-ning">David Ning</a> of <a href="http://www.wisebread.com/6-ways-to-benefit-from-your-credit-card">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-credit-card-services-you-don-t-usually-need">6 Credit Card Services You Don’t (Usually) Need</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-best-0-balance-transfer-credit-cards">The 5 Best 0% Balance Transfer Credit Cards</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-best-cash-back-credit-cards">5 Best Cash Back Credit Cards</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/dealing-with-post-holiday-credit-card-debt">Dealing with Post-Holiday Credit Card Debt</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/calling-bs-on-5-rewards-advertising">How to Decipher Credit Card Advertising</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Credit Cards balance transfer cards cash back rewards credit card benefits credit card fees Wed, 23 Mar 2011 11:00:08 +0000 David Ning 508477 at http://www.wisebread.com How to Decipher Credit Card Advertising http://www.wisebread.com/calling-bs-on-5-rewards-advertising <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/calling-bs-on-5-rewards-advertising" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/lady_credit_card_000023306294.jpg" alt="Lady on the computer with credit card" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>There are hundreds of credit cards available with all sorts of different terms and rewards. Wading through them to figure out which one to sign up for can be a complicated and frustrating process. One card might seem to offer a large cash back percentage, but look at the fine print and there's a dollar limit where if you exceed it, the cash back percentage drops significantly. Others will offer a tempting <a href="http://www.wisebread.com/5-best-sign-up-bonuses-for-airline-miles-credit-cards">sign up bonus</a>, but you have to pay a hefty annual fee. (See also: <a href="http://www.wisebread.com/the-5-best-credit-cards-with-no-annual-fees?ref=seealso">Best Credit Cards With No Annual Fees</a>)</p> <p>If you need help sorting out the marketing from reality, here's a quick primor on what to look for when you're reviewing those credit card offers.</p> <h2>Rewards</h2> <p>This is the main reason you'd want a credit card. It just doesn't make sense to be using a credit card that you're not getting rewards on (except, of course, if you carry a balance, in which case, no amount of rewards would make up for the interest you're racking up). Rewards generally come in the form of <a href="http://www.wisebread.com/5-best-cash-back-credit-cards">cash back</a>, miles towards travel, or points for other types of redemption (for example, merchandise or gift cards). The baseline rate on most credit cards for rewards is 1% cash back or 1 mile/point per dollar spent. The difference between rewards cards will show up in the ways you can get &quot;bonus&quot; points. For example, one card might offer 5% <a href="http://www.wisebread.com/the-best-5-credit-cards-for-groceries">cash back on groceries</a>. Another might offer 2 miles for airfare purchases. One way to choose a credit card is to find the one that offers bonus rewards for the category you already spend the most on. For frequent flyers, that would probably be airfare. For families, that might be groceries. (See also: <a href="http://www.wisebread.com/the-5-best-credit-cards-for-dining-out?ref=seealso">Best Credit Cards for Dining Out</a>)</p> <h2>Earning Caps</h2> <p>This is one of those things usually in the fine print. Cash back credit cards usually have a cap on the amount of cash back you can earn in the bonus categories. Rewards credit cards that offer points and miles don't have earning caps as often, but some may, so always check! You may not be getting what you expect if you spend a lot in the bonus categories. In some cases, it might make sense for you to choose a card that offers a lower bonus, but without earning caps. You'll have to do the math.</p> <h2>Redemption Requirements</h2> <p>You might be really excited about cashing out the first $20 you've earned in cash rewards, only to find that the minimum redemption amount is $35. Depending on what you plan to use the rewards for, and when you need them, you want to make sure to choose the card with the redemption requirements that suit your needs.&nbsp;</p> <h2>Redemption Options</h2> <p>Cash back rewards are pretty straightforward. You usually either opt for a statement credit or a check/direct deposit. However, when it comes to the world of miles and points, redeeming can be extremely difficult. You might have chosen a <a href="http://www.wisebread.com/top-5-travel-reward-credit-cards">travel rewards card</a> because you want to get a big discount on your yearly overseas trip. But you might find that the miles you've racked up don't <a href="http://www.wisebread.com/how-airline-partnerships-can-supercharge-your-travel-rewards">transfer to the airline you want</a>, or doesn't offer award seats for the country you want to fly to. Know what you're going to be using those points or miles for, before you get stuck with a ton of them you can't even use. (See also: <a href="http://www.wisebread.com/comparing-miles-which-airline-loyalty-program-is-better?ref=seealso">Which Airline Loyalty Program Has the Best Value for Their Miles?</a>)</p> <h2>Annual Fee</h2> <p>The credit cards that offer big bonuses on popular categories are usually the ones with the annual fee. Bigger benefits usually come with a higher price tag. Now don't write off a credit card just because of its annual fee. Lots of people have <a href="http://www.wisebread.com/the-5-best-credit-cards-with-annual-fees">credit cards with annual fees</a> and they get more than enough rewards to pay for that fee. It depends on your spending habits, and whether you are going to take advantage of those extra benefits. Again, do the math.</p> <h2>Foreign Transaction Fee</h2> <p>This is something to be aware of if you use your card internationally. Many cards will charge a 3% foreign transaction fee to your purchases. If you travel a lot, you should consider a card that has a low or zero foreign transaction fee.</p> <h2>Benefits</h2> <p>Beyond points, miles, and cash, a credit card can offer many benefits. For travelers, <a href="http://www.wisebread.com/travel-perks-you-didnt-know-your-credit-card-had">perks like lounge access</a> and priority boarding is invaluable. For shoppers, <a href="http://www.wisebread.com/11-ways-your-credit-card-will-save-you-money-while-holiday-shopping">purchase and price protection</a> can save a bundle. Don't just stop at the bonus categories and sign up offers. Check out the entire list of benefits a credit card has to offer. (See also: <a href="http://www.wisebread.com/10-awesome-credit-card-perks-you-didnt-know-about?ref=seealso">13 Awesome Credit Card Perks You Didn't Know About</a>)</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/lynn-truong">Lynn Truong</a> of <a href="http://www.wisebread.com/calling-bs-on-5-rewards-advertising">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-best-cash-back-credit-cards">5 Best Cash Back Credit Cards</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/banks-manipulate-your-transactions-may-charge-you-1750-overdraft-fee">Banks Can Manipulate Your Transactions, Then Charge You 1750% Overdraft Fee</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/debit-or-credit-which-one-should-you-choose-at-the-checkout">Debit Or Credit? Which One Should You Choose At The Checkout?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/netspend-the-story-of-the-visa-debit-card-we-did-not-apply-for">netSpend: The Story of the Visa Debit Card We Did Not Apply For</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/lower-your-credit-card-interest-rate-and-reduce-your-phone-bill-immediately-and-easily">Lower Your Credit Card Interest Rate and Reduce Your Phone Bill, Immediately and Easily</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Consumer Affairs Credit Cards cash back rewards credit card advertisements Mon, 31 May 2010 14:00:04 +0000 Lynn Truong 104980 at http://www.wisebread.com How to Quickly Compare Rewards Programs When You Shop Online http://www.wisebread.com/how-to-quickly-compare-rewards-programs-when-you-shop-online <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-quickly-compare-rewards-programs-when-you-shop-online" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/evreward7_300.gif" alt="" title="" class="imagecache imagecache-250w" width="250" height="61" /></a> </div> </div> </div> <p>Wise internet shoppers usually search for some coupon or cash back reward before adding an item to their shopping carts. The problem is that there are so many cash back and mileage reward programs that sometimes it is hard to decide which one to use. Luckily my friend Jim told me about a site that lets you search and compare the best rewards for the stores you frequent.</p> <p>The site is called <a href="http://evreward.com">ev'reward,</a> and this is how it works. First, type in a store name in the search box. For example, if you want to buy something at JR.com, type &quot;JR.com&quot; and click the &quot;Find&quot; button. Now a variety of offers and rewards programs will show up.</p> <p>The first section shows coupons and discount offers, and then there is a rich section of rewards programs including cash back, college savings, points programs, and frequent flyer miles. The site also lists the percentage you get back very clearly so you can compare which program to use for your purchase.</p> <p>As long as you know which store you want to visit, ev'reward is an awesome tool to comparison shop the coupons and rewards you can get. The site also has a decent deals section that you can browse and it definitely saved me some time in comparing cash back and credit card rewards.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/xin-lu">Xin Lu</a> of <a href="http://www.wisebread.com/how-to-quickly-compare-rewards-programs-when-you-shop-online">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-anti-aging-creams">The 5 Best Anti-Aging Creams</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-times-you-should-demand-a-discount">8 Times You Should Demand a Discount</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-best-cash-back-credit-cards">5 Best Cash Back Credit Cards</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-best-5-credit-cards-for-groceries">The 5 Best Credit Cards for Groceries</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/cheapismcom-where-cheap-is-chic">Cheapism.com: Where Cheap is Chic</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping cash back rewards Fri, 18 Dec 2009 17:21:10 +0000 Xin Lu 4143 at http://www.wisebread.com