What are the best credit card rewards for me?

With so many credit cards options, finding the best credit card isn’t always easy.  A credit card that gives you low interest rates, attractive offers, and good rewards options can be tough to find.  Searching for the best credit card entails a lot of research.  A good place to start is to ask other people about their experiences with credit cards.  You can also conduct research on the Internet and make inquires at different banks.

What Makes a Best Credit Card?

Best credit cards often have a low interest rate and no annual fee.

Choosing the lowest interest rate means comparing the annual percentage rate (APR) offered on different credit cards.  APR is the cost of credit or the yearly interest rate that a credit card company charges the cardholder.  With a low APR credit card, your interest payments are less.  When looking for the best credit card, it is important to be informed about these rates and about the terms and conditions that regulate them.

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Also, when comparing the interest rates, pay attention to the length of any introductory APR offers and to what the APR will be once that introductory period expires.  While an introductory APR of 0% is an excellent interest rate, the rates could increase substantially once the introductory period is over, making the credit card expensive to own.  You should also see if there are any hidden fees— including fees for making a same-day payment or payment by phone.

No annual fee credit cards also offer good value because they are cheaper to own.  An annual fee is an amount of money that a credit company or bank charges credit cardholders once a year, and it adds to the cost of owning a credit card.

Another important factor when looking for the best credit card is choosing the right  company. While there are large credit card companies whose cards are accepted all over the world, there are many smaller companies that can offer customers better advantages and service.

Tips for Finding the Best Credit Card Rewards

When looking for the best credit card, consider the credit card reward programs that are right for you.  Some of the best credit card rewards include cash back offers, airline miles, discount coupons, gift cards and merchandise.  With these types of reward programs, the more purchases you make on your card, the more cash, miles, points, or bonuses you get. 

Whether you’re looking for a rewards credit card that pays you back in cash,  travel miles, gift cards, or points, the best credit card rewards program is the one that gives you the highest rewards in categories where you already spend money.

Discover card believes that consumers should be armed with the information they need to help them make informed credit decisions.

Legal Disclaimer: The articles and information provided herein are for informational purposes only and are not intended as a substitute for professional advice.

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