| If you're planning on applying for a reward credit card, | | | | rebates can be used to make new purchases or pay |
| knowing its pros and cons will surely help you come up | | | | off your credit card balances. |
| with a better decision. Consider the following points | | | | Travel for Free. Travel reward credit cards work |
| about the advantages and disadvantages of reward | | | | much like a cash back credit card where the card |
| credit cards: | | | | holders collect as many points as he can from his |
| Advantages of Reward Credit Cards | | | | purchases. However, instead of cash, the points are |
| Earn from Your Purchases. One of the most ideal | | | | equivalent to mileage. When you've collected the |
| features of a reward credit card is that it lets you earn | | | | minimum number of mileage points needed, you get an |
| from your purchases. This is especially true from cash | | | | instant free travel ticket from the credit card issuer's |
| back credit cards because with each dollar you spend | | | | sponsor airline. |
| on your card, you get a corresponding point. When | | | | Get Additional Privileges. Aside from cash and |
| you've collected these points, you can either exchange | | | | rewards, card members are given exclusive privileges |
| it from a credit card's redemption store or use those | | | | that non-reward credit card members do not enjoy. |
| points as cash to buy products and gadgets. | | | | For instance, the reward package includes travel |
| Get Discounted Rates. Reward credit cards often give | | | | accident insurance, car rental insurance, card and cash |
| rebates with each purchase you make. This means | | | | emergency replacement, no liability on unauthorized |
| each time you buy an item, a certain percentage is | | | | charges and others. |
| given back to your account. Just like cash back points, | | | | |