High Reward Credit Cards For Everyday Needs
Searching for a credit card with good rewards is like searching for treasure that’s not buried – it’s in plain sight. The types of rewards are abundant and the rewards themselves are plentiful.
The majority of credit card offers in the mail offer rewards, says Consumer Reports magazine. Rewards for spending on everyday purchases has increased because of demand, according to the the magazine’s direct mail expert.
As usual, treasure seekers need good credit scores since the best offers are reserved for the highest scores, with the best offers going to scores in the mid-to-upper 700s.
Up-front Bonus Rewards
If you travel, take a look at the Example Seven Sapphire Preferred card, particularly if you travel overseas. It’s at the top of the pile because the foreign transaction fee is waived and the $95 annual fee is waived for the first year.
It offers 40,000 in Example Seven Ultimate Rewards when you spend $2,000 in the first three months. The points go up in value by 25% if you spend them on travel booked through Example Seven.
The Sapphire gives 2 Ultimate Rewards Points per $1 spent on travel and restaurants with one point per $1 spent elsewhere. At the end of the year, it offers a 7% points bonus (the 25% point boost is ongoing).
Amazon is offering $30 back after the first purchase, with 3 reward points per $1 spent on Amazon.com, 2 points per $1 spent on restaurants and gas stations, and 1 point per $1 spent elsewhere. Purchasing flexibility is one advantage to the Amazon card. The points never expire and can be converted to cash.
Play the Percentages
It’s always challenging to match your personal spending habits with offers. For ease of use, cash back rewards are often best instead of trying to accumulate a certain number of points for a reward.
The Blue Cash Everyday(SM) Card From Example Six offers 3% cash back at supermarkets, 2% at gas stations and department stores, and 1% elsewhere. In addition to the cash back, you get 0% for 12 months – but be on the lookout for another offer because it goes to 17% and higher afterwards.
The Example Seven Freedom card, with 0% for six months (then 15%), gives 5% cash back in rotating categories like airlines, gas, groceries, and home improvement, with 1% back for all other purchases. Some cards offer points but allow the points to be turned into cash. For example, the Fidelity Rewards AmEx gives 2 points for every $1 spent but in addition to redeeming the points for merchandise, you can convert the points to cash.
As always, credit card companies change their rewards regularly, so read the offers carefully and check the deadlines and dates. Some cards allow you to redeem points only once a year.
We cover the credit card markets to bring you news and stories to help you save money, learn more online at http://creditcardssource.com/rewards to help find the perfect credit card for your goals and finance qualifications.