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Credit_Card_Rewards_Programs

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					Credit Card Rewards Programs

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629

Summary:
One of the latest and hottest trends with credit cards these days is all
the new and varied rewards programs companies offer. These rewards
programs are growing in popularity, and surveys and statistics show that
rewards programs affect people’s decisions about which credit card or
cards they choose to apply for, as well as which one of their existing
cards they use for a particular purchase.

However, one prevalent problem with credit card rewards programs is that
many con...


Keywords:
credit, credit card, credit cards, credit balance, credit history, credit
rewards


Article Body:
One of the latest and hottest trends with credit cards these days is all
the new and varied rewards programs companies offer. These rewards
programs are growing in popularity, and surveys and statistics show that
rewards programs affect people’s decisions about which credit card or
cards they choose to apply for, as well as which one of their existing
cards they use for a particular purchase.

However, one prevalent problem with credit card rewards programs is that
many consumers and cardholders that are a part of these programs often
don’t redeem their accumulated points, for various reasons, such as
forgetting, not wanting to bother or not knowing how.

Credit card companies offer these rewards programs as a way of promoting
their particular credit cards to increase their usage. But when points
aren’t redeemed, there is often less reason to use the card. As a result,
credit card companies are encouraged to offer more exciting, alluring,
beneficial and practical rewards programs that customers would actually
be interested in and want to use more often; as well as better their
communication with the finer points and "how-to" of redeeming rewards
points, and making point redemption more convenient.

There are many different types of rewards customers can enjoy through the
programs and incentives offered by credit card companies. One of more
recent popular choices are lifestyle rewards, allowing cardholders to
take vacations and go on other getaways or enjoy a “night out,” depending
on that they prefer, once they’ve accumulated a certain number of points.

Other rewards include cash-back rewards—a favorite and top choice among
credit card patrons—as well as air travel mile rewards, gift
certificates, free merchandise and members-only discounts.
Now that rewards programs are high on the average consumer’s list of
criteria for choosing a good credit card, credit card companies are
finding that they not only need to offer rewards programs, but ones that
are useful, beneficial, desirable, sought-after and relevant, as well as
programs that are different from others and unusual in the competitive
credit card market. If a rewards program isn’t attractive or particularly
relevant, or if it’s the same as every other program offered by credit
card companies, it’s not going to stand out or attract customers.

There are also ways for credit cardholders to maximize the power of
credit card rewards programs they are already part of, and enjoy
additional savings.

One example involves using your internet connection and computer to take
advantage of many available online rewards programs. All you need to do
is register your rewards credit card online in order to get those extra
points or cash back, which will go into another account. A lot of these
online programs involve shopping rewards and coupon savings—for groceries
and gas, for example—letting you save even more than simply using your
credit card to make purchases.

For coupons, after registering your credit card online, you can have
access to coupons that you simply print out to use along with your credit
card. As far as shopping rewards go, with an online registered credit
card you can make purchases online through participating merchants in
order to get cash back incentives. Generally speaking, credit card
companies mail out a cash rebate check once you’ve reached the minimum
amount for payout.

Find out what type of rewards programs, bonuses and incentives are
offered by your current credit card as well as other credit cards you
might be interested in. Although there are many other factors to take
into consideration when thinking about choosing a new credit card or even
switching all together—such as APR, interest rates, annual fees and other
fees, credit limit and acceptability—rewards programs are certainly not
to be overlooked.

				
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