Rewards And Other Bonus Credit Cards

One way companies compete for your credit card business is by giving you points or rewards for using your credit card. Depending on how much use you make of that credit card, the rewards can be pretty nice. How can they give you a credit card offer that does that? Doesn’t it end up costing you more because they have to pass the cost along to you at some point?

Well, no. Credit card companies make money several different ways. We focus on their income from interest on our outstanding balance, because that’s what we see on our statements. But credit card companies also make money by charging a percentage of each transaction to the merchant selling you the service or product. Clearly, it’s in their best interest to have you spend all your money through their credit card, even if you pay the balance off during the “grace period”, because they still make money from the “transaction fees” they charge. You can find a credit card online which offers reward programs. When searching for a credit card online you can research a credit card better, because it is much faster.

Here are just a few of the credit card reward programs available.

Frequent Flier Miles (Various issuers)

• Earn miles upon signup
• Earn miles with every purchase
• Earn 1,000 bonus miles when you purchase tickets at the sponsoring airline

Gasoline Reward cards (Various gas company issuers)

• No Annual Fee
• Earn a 5% rebate toward sponsor’s gas for every purchase from sponsor
• Earn a 1% rebate toward sponsor’s gas for all other purchases anywhere you shop

Cash Rebate Card (Various Issuers)

• No Annual Fee
• 100% Safe Online Shopping
• Online Balance Transfers
• 24-Hour Online Account Access
• Earn up to 7% cash rebate with card activity – percentage usually increases with level of purchases, requiring $20,000.00 or more to hit top rebate rate.

Retailer Reward card (Various Retailers or manufacturers)

• Earn up to 5% of each purchase as a credit toward purchase of the sponsor’s merchandise.
• Examples include GM Card for Cars & Trucks, Kroger Card for groceries.