Top Rewards Credit Cards
Credit card rewards are like cashback cards that reward you every time you make a purchase. You can choose a different type of rewards card to suit your individual preference. Some credit card rewards offer air miles, days out to amusement parks, money off your weekly grocery shopping or even vouchers for top brands. There are some great benefits to reward credit cards, allowing you to make your money go further. This is a great card to consider if you plan to pay off your balance in full every month, as the perks could be outweighed by extra charges and interest if you don't manage to pay it off.
Some shops offer reward card customers one supermarket 'point' or voucher for every £1 spent. According to Sainsbury's Finance, 31% of people looking to switch credit cards this year wanted to do so to be better rewarded. Not only do reward schemes keep existing customers happy, but they also draw new customers in, making lenders competitive. Some cards offer schemes such as 1% or 2% cashback on purchases in all participating stores, too. The most important thing to consider when applying for a card with perks is whether you are likely to benefit from the perks the card has to offer, and whether you can redeem rewards in cash rather than vouchers.
Many sports teams now have reward credit cards that offer reward schemes for loyal fans. For example, every time you use the card, the issuer will pay a small amount to a club so you can earn points to cash in for merchandise or entry into exclusive prize draws. It's a great idea to keep a list of the perks written down so that you don't forget to use them. After all, it would be a waste of time to invest in a credit card where you can't use the rewards, wouldn't it?
If you're having problems finding the right reward credit card, it's a good idea to look at certain factors such as how quickly you can pay you debt back, how much debt you have accumulated and what your credit history is like. With all cards, you should also think about whether you can actually buy the rewards independently, therefore saving money on interest rates and joining fees. There are different cards to suit everyone's needs - it's just a matter of finding the right one.