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Credit Cards
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.
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