Another way to minimize juggling all the cards in your wallet is to go with a card that offers the same amount back no matter what you are buying. Capital One Venture Rewards cardholders, for example, receive two miles per dollar spent on every purchase. The 3 Things Needed for a Great Rewards Credit Card
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One of the most successful marketing tools incorporated by Discover was the opportunity for the consumer to get cash back as a reward for using their credit card. Now that proved so successful that the other credit card companies offer the same privilege for the use of their credit card. You are getting cash but you are also paying for the use of the credit card. Many people question if they are really better off not getting anything rather than having to pay a higher rate of interest just to get some cash back. The only problem is that you are still paying out the APR% charged by the lending institutions with or without cash back.
Money to spend
Many people like knowing that they are earning cash back because they can save and use this extra money for special purchases or as extra money to go on vacation. It is not always a bad thing to pay interest on credit when you know that you are going to be rewarded with cash back for your efforts.
You might not be able to easily save for a special purchase but knowing that you are earning cash helps you save and it actually cuts down on how much credit you need. You need to keep a good credit record and pay your bills on time in order to earn your cash rewards. This is an insensitive to keep your charge account current. That is the purpose of the lending institutions it helps maintain a better balance of clients who keep their credit accounts in a good condition. More Cash Rewards Credit Cards IssuesQuestion by The Captain: (credit card rewards question)So if you have a capital one credit card or know about them maybe you can answer? I'm on the capital one credit card lab website and it wants me to chose between miles and double/triple rewards. what kinds of rewards are we talking here? and where on the web site does it say what kinds of rewards and how to get them? how do i get them? I've never ever had a credit card before and have no idea how they even work b/c my parents buy all my shit (say what you will but what ever) soooo ya give me some answers yahoo! YAHOOOOOOOOOOOOOOOOOOOO! Best answer for (credit card rewards question)So if you have a capital one credit card or know about them maybe you can answer?:
Answer by Eric L
Basically runs off a points system that then converts over to either airfare, cash whatever, once you have the card you can just signup for different/convert to different programs anyways. So it's anything from hot air balloon rides to movie theaters, to airfare, to a credit on the account just whatever really.
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