Credit Card Rewards By Tom Tessin At Isnare.com Ezine Articles

There are so many credit cards out there and after working in the field for the past couple years, I can look at a card and tell you right away if it’s a card worth signing up for or not. There are many companies out there that want to mislead you when it comes to rewards making it look like a great deal but when you read the fine print, you find out you have to spend thousands to get that percentage back.

For example, there’s a card out there and I won’t name names because it is a good card but it misleads a lot of people. They will tell you can get 5% cash back and of course they add an asterisk next to the number but many people don’t read into it and all they see is the 5%. This is good because this is exactly what the companies want. They don’t want you to read the fine print; they just want you to apply and start to use the card.

Well to come to find out, the card will only give you the 5% cash back if you spend about $6,000 a year on your card and it works like a ladder. If you don’t do that kind of spending, you’re only looking at maybe 1 percent back. I know it’s better than nothing but again, many people don’t read into this when looking to apply for a card. This should go to show you that the number one thing that you should do is check the fine print and know how the card works, it’s only going to save your butt in the long run.

The next thing I want to point out is the annual fee. A good card is not going to have an annual fee. If it does, you’re looking at trouble because why pay something every year for a card you use to get rewards? You’re generally going to find that cards with “high status” perks and bad credit cards are going to have those higher annual fees. If you want something simple that gives you 3-5% cash back, you’ll just want to look at something with a $0 annual fee. Trust me in that there are a lot of them out there that won’t cost you a dime.

The last thing I want you to look into are the reviews of the cards. With the great old Internet as powerful as it is today, it’s easy to find a review on something. Whether it’s good, bad or in-between, it’s going to give you a better idea on what the card is going to do for you. I would recommend that you look into Googling the card name plus the word “review” to your search to see what comes up. You’ll get a good vibe on if the majority of the people out there think the card is good or not.

When it comes to applying, these are the three golden rules that you should follow when looking for the perfect rewards card. Make sure you do your homework and follow the tips mentioned above to find the right card for you and your wallet.

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