Getting the Most Out of a Rewards Credit Card

By: Lisa Nichols

Get the most out of a rewards credit card with some helpful tips. A rewards credit card provides cash back or points that can be redeemed for cash or special discounts and services. Compare rewards cards before you choose to find the right one for you and your family. A rewards credit card that provides a savings on a major personal or family purchase can save you thousands of dollars. Some of our favorite rewards credit cards that provide the biggest savings and most generous cash back options include:

Volkswagen Credit Cards for VW Enthusiasts

The helps you save on the purchase or lease of a new VW and on VW service and repairs. If you have your eye on a new car, a rewards credit card that offers points towards a new car purchase or lease might be the perfect choice for you. Points earned with this rewards credit card can be used towards VW loan and lease payments and to pay for VW maintenance. The Volkswagen credit card starts with a zero percent APR for balance transfers and purchases.

GM Rewards Credit Card for American Car Aficionados

The allows cardholders to earn money towards the purchase of a new GM vehicle. The GM Flexible Earnings credit card can be used for General Motors and trucks including Chevy, Cadillac, GMC, Hummer, Pontiac, Saab and Saturn and points earned can also be used for non-GM cars. The GM rewards credit card has no annual fee and a generous introductory zero percent APR for balances and purchases.

Tips for Comparing Rewards Credit Cards

Get the most benefit when you before you apply. Rewards credit cards that provide a discount on a new auto purchase, frequent flyer miles or that are tied into a specific product or service are only useful if the card fits the lifestyle of the cardholder. Apply for rewards credit cards that offer double points at the stores where you regularly shop. Find out about rewards credit card restrictions and about fees and penalties before you apply, to make sure there are no surprises at a later date.

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