Realize Your Dreams With A Reward Credit Cards
You have no idea how excited I am. I’m going to be taking a Caribbean cruise but that’s not the exciting part. We’re staying in a suite. My wife and I are going to wake up in the morning and step out on to our private balcony to see the ocean. We aren’t amongst the wealthiest people in the world and I’m quite the penny pincher so how are we affording a suite made for the wealthy and why am I agreeing to pay for it? Our rewards credit card is making it all possible.
I’m surprised at how many people do not take advantage of a rewards credit card and how many do not even know know what one is. The concept of these cards is very simple. You receive a certain amount of points for every dollar you spend with the card. Once you have enough points, you are able to purchase merchandise with your points.
Some rewards cards will give you certain type of reward only. Some will earn you airline miles and even eventually a free flight, rebates towards the purchase of a new car, or discounts at gas stations. Other cars are more general and your points will buy you anything in the company’s catalog.
Don’t forget that one point is not worth one dollar of buying power. A $50 gift card is going to cost you far more than 50 rewards points. For a gift card of $50 in one of my rewards catalogs I would have to pay 5,000 points!
Not a great deal, right? Well, on the second thought it is a really great deal. Think about it like this. you would use your credit card with or without the rewards points, right? The points are just an extra benefit for you.
Like all credit cards, you have to look for one that suites your needs. Some have annual fees while others don’t. Some even pay you double points for certain purchases while others pay you a set amount of points for anything you buy. The rules and regulations for your points are for every card different. Don’t dismiss the cards with annual fees. You might receive more rewards with these cards.
Although rewards credit cards are a good way to save money, if you do not pay your credit card bill in time each month, the interest you will then pay is canceling the potential financial benefits you of the cards. It is always beneficial to have a rewards credit card if you’re paying interest, but your rewards are just paying a small portion of your interest.
How many rewards points did it take to pay 60% of my luxury cruise? Here are a few hints: It took a few years to accumulate the points and if I had that amount of rewards points in actual dollars, I could probably consider myself wealthy but if you employ a few key strategies, it doesn’t take as long as you would think. I’ll tell you about them in another article.
You may have already been on a cruise but this is my first so my friends are probably tired of hearing me talk about it. Nothing tastes better than a free dinner, though, and the fact that this vacation is costing me very little is a penny pincher’s dream come true. If anybody tells you that a rewards credit card isn’t worth the time or the annual fee, send them to me. I’ll tell them how blue the water was.
Compare the best cashback credit cards and then apply online. If you spend a lot on gas, you might want to consider a gas reward credit card.
