The credit card is an amazing little thing. Since its birth, it has already provided billions of people worldwide with the ability to purchase almost anything, even without a single money bill or coin in hand. Such is the power of cashless purchases that only credit cards bring. But today, since the credit card industry has grown vastly, it has also become highly competitive. Credit card companies are not thinking of newer ways to attract new clients, and they do this in the form of credit card rewards.
Sometimes, credit card applicants very much consider the rewards whenever they sign up for a new credit card. Perhaps this may be the reason why the average American has about four credit cards in his wallet, as reported by several financial resources. Rewards credit cards are a great come-on, but if the client mismanages his expenses, he ends up with more dues than rewards. Here are some of the kinds of rewards you may receive with a credit card.
Upon opening an account, you may get immediate gifts simply by being a new client. In some companies, they offer gift checks for spa services, or even discounts at a shoe store or clothing shop.
Some credit card companies will also give you cash back rewards. What are these anyway? If you make a certain amount of purchases, a rebate or a cash back is granted to you. This may also appear as credit on your card statement, so you don't have to pay for that anymore. For example, if you already spent more than $1,000 on your credit card, then you may receive $10 as your cash back.
Frequent flyer miles are granted by airlines to clients who travel several times within the year on their airline. If you make airline reservations and ticket purchases using your credit card, you have the chance to earn frequent flyer miles. If you have collected a certain amount of miles, you can exchange that for a round trip ticket.
Gas rewards are also one of the most favored features of some credit cards. When you make purchases that reach a certain amount, you can also earn points that help you take care of your gas purchases. This should be a practical reward, since the cost of gasoline these days seems to go higher and higher.
Ever heard of hotel rewards from your credit card? There are hotels that have preferred clients, or those who use certain types of credit cards for their purchases. The client may be entitled to perks like a free dinner, room service, or maybe even discounts on room rates.
Most credit cards have a point system which increases with every payment you make. If you collect hundreds to thousands of points, you can exchange that for lots of goodies, starting from clothes from a fashion outlet, shoes, bags, even electronic gadgets like mp3 players, mobile phones, and even household appliances. Be sure you check out these rewards details when you choose a credit card to apply for.
