credit card rewards
A credit card is part of a system of payments named after the small plastic card issued to users of the system. The issuer of the card grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user. A credit card is different from a charge card, which requires the balance to be paid in full each month. In contrast, credit cards allow the consumers to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions, and are the same shape and size, as specified by the ISO 7810 standard.
Sarah
asked:
"A friend of mine recommended the Citi Premierpass Card to me. She said the the rewards credit cards benefits and features are awesome. What do you think? Or ... Where can I find a good Citi Premier Pass Credit Card Reviews?"
Question posted courtesy of:
moviegoer_j replied:
"The Citi PremierPass and Citi PremierPass Elite cards are both quite good *if* you fly a lot of miles. If you drive a lot of miles, then you'll probably be more interested in the Citi Driver's Edge card. Or if you just spend a lot in certain categories, then you'll probably be interested in rewards cards that pay special rewards in the categories you spend the most (e.g. gas, groceries, restaurants, travel expenses, etc.).You can use this rewards calculator to see which rewards card will pay you the most for your spending profile:Note that the calculator converts all reward currencies (frequent flier miles, points, and cash back) to dollars for an easy apples-to-apples comparison."
Paul R replied:
"Citi PremierPass(SM) reward program enable cardholders to earn a point for each dollar spent for general purchases and a point for each three miles flown by a cardholder on any airline. It may include others who buy the ticket using the card.The points earned can be used for travel, products; gift certificates and the like. The most number of points that can be earned annually is 100,000. There is expiration if the account has no activity in every three years.You may find a great Citi Premier Pass Credit Card Review here:"
Gal E
asked:
"I currently have a Bank of America credit card in which I earn no rewards from using. Because I'm starting to use it more and more, I've decided it's time to switch to a credit card where I can earn rewards. I'm wondering if people have suggestions on the best credit card to get based on the rewards/incentives associated with it?"
Question posted courtesy of:
A T replied:
"If you have good credit and can qualify, American Express has an excellent program. I pay for EVERYTHING with my card and just pay my entire bill off at the end of the month. Mega points and benefits."
playball replied:
"The best reward is to pay cash for everything and not get yourself in debt. Even if you pay off you balance every month the average person spends 20% more with credit than with cash. And, it's usually for stuff that you don't need. If you save that extra 20% of cash every month you will have more rewards and incentives than any card will ever give you."
x-file replied:
"Hi,You could find out and compare at this site under "Select By reward":"
traffic816 replied:
"Go here to compare reward program"
moviegoer_j replied:
"The short answer is the use the calculator tool at to determine the best rewards card(s) for your spending profile. For more details, read on...Here are the strategies I suspect are most universally applicable.Best Single CardBecause most people spend quite a bit on gas, groceries, and drugs (i.e. "EDP" (Every Day Purchases)) and there are several cards that offer 5%+ on EDP, usually a card that offers a 5%+ on EDP and 1%+ on non-EDP will be the single best card. Examples of such cards are the Driver's Edge (6% on EDP for the first year), AmEx Blue Cash (5% on EDP after $6500 YTD spending), and Citi Diamond Preferred Rewards (basically 5% (in ThankYou points) on EDP for first year).Two-Card StrategyFor someone who's willing to manage two cards, usually the best card to supplement the 5%+ EDP card will be a card that pays 1.5%+ on *all purchases*. The best I know of is the new 2% Cash Back card from Orchard Bank. However, Orchard Bank may or may not offer you the card without an annual fee. If you get an offer with an annual fee, it will likely be either $39 or $59. Also, most people only get up to a $2K credit limit on the 2% Cash Back card, though I have heard of people getting their limit increased a little over $2K. I suppose if you're willing to make payments more frequently than monthly, then the credit limit isn't a limiting factor. The next best card after the Orchard Bank 2% Cash Back card is the 1.5% card from Fidelity.Three-Card StrategyIf you're willing to manage three cards, then the third card to add to your portfolio will depend on the categories in which you spend the most money. Well, really that's true for even the first and second cards, but the advice I've given up 'til now is *often* optimal, but not always -- it always depends on your spending profile.Anyway, if you spend a lot at restaurants, then you'll probably want something like the Citi Professional card which pays 3% back at restaurants. If you spend a lot on utilities (and can do so through your credit card), then you might want to check out the Citi Home Rebate card (6% on utilities for the first 12 months). If you spend a lot on home improvement, the Chase Home Improvement Rewards card pays 3% back on home improvement. If you travel a lot, there are other good cards. If you spend a lot on office supplies, other choices. If you spend a lot on internet/web/advertising, still other options. And the list goes on.Optimal N-Card StrategyFiguring out the optimal 1 card, 2 cards, 3 cards, etc. for your spending profile actually requires a lot of research and math. The calculator tool at "Credit Card Tune-Up: Maximize Your Cash Back Rewards" ( ) will do the number crunching for you. It'll estimate your earnings from the best 1 card, best 2 cards, best 3 cards, etc. Then you can decide on the "sweet spot" for the rewards/hassle tradeoff."
Jigar11
asked:
"I may already be paying some fees to the credit card company or interest for which I am not really getting any tax break. So if the credit card gives me some rewards, or cash back...its just like they are giving me discount on money I am already paying them. It shouldn't be thought of as extra income on which I need to pay state and federal taxes."
Question posted courtesy of:
Chase replied:
"only if its worth more than 2000 dollars"
sarge927 replied:
"Nope. Any discounts you get from credit cards are part of the contract between you and the credit card company. They're considered "incentives," not income."
curious1223 replied:
"This falls in the "gifts" category. Check the IRS code for that. I believe there is an allowable amount that is tax-free (and $2000 stated by the other answerer sounds right)"
linluv2001 replied:
"No you do not."
Wayne Z replied:
"No, if it is a personal credit card.Yes, if it is a business credit card used to purchase items for the business."
scottakrohn replied:
"Only if you have deducted the interest as a business expense."
MsBurgundy
asked:
"I'm comparing two credit card reward programs. Card #1 offers 5% rewards on supermarket shopping for about 6 months, and 1.5% on all other purchases. For the other 6 months, the rates are 1% on supermarket and .5% on other purchases.Card #2 offers 2% all year on supermarket purchases and 1% on everything else.I realize it depends on what I charge on the card, but overall, which program is better?"
Question posted courtesy of:
heybulldog replied:
"The only rewards you are gonna get playing the credit card game is debt.Get out before it is to late.Look thru these forums for a few days and you will see all the people that are losing at the game.Debt is dumb."
name13013 replied:
"This site is 100% legal and legit and is no scam and has no viruses, no adware, no spyware, no malware, and no spam.You can get free stuff herehttp://www.rewards1.com/index.php?referrer_id=19981"
moviegoer_j replied:
"It sounds like Card #1 is the American Express Blue Cash card. I'm quite familiar with that card's reward structure.Assuming your monthly spending is even across the 12-month period, then you should go with Card #1 (AmEx Blue Cash). Here's why: Your average rewards for supermarket spending with card #1 will be 3% (i.e. (5% + 1%) / 2), while your average rewards for supermarket spending with card #2 will only be 2%. Your average rewards percentage on all non-supermarket/gas/drug spending for both cards will be 1%.Note, however, that to really know the optimal card for you for certain, you should take into account your entire categorical spending profile (including gasoline spending, drug store spending, and any other special rewards categories with either card). You might find that this credit card rewards calculator is helpful to you:"
Elisha D
asked:
"I'm considering applying for Blue Sky from American Express. What are the rewards credit card program benefits and features of Blue Sky American Express?"
Question posted courtesy of:
Tracker replied:
"It's a great card. 0% interest for 6-15 months depending on your credit rating and no annual fee.You earn 1 point for every dollar spent and you can put them toward buying plane tickets from any airline on their website with no black out dates. You can also purchase cruises and other merchandise with the points."
leadraa replied:
"For those who have very good credit and have plans of taking advantage of the reward program, American Express designed a card for you, the Blue Sky Rewards.What are the reasons why this card is simply for you? It has reasonable interest rate. You do not any annual fee to pay for. You can also take advantage of the 0% introductory rate for your purchases in six months time. It has to be made clear that the introductory rate for balance transfers only applies to those who initiate a transfer when applying online for the card.The great thing about the Blue Sky from American Express, the credit card rewards program are amazing. There's no annual fee, low introductory rates, and free rewards program with no blackout dates or travel restrictions.Other benefits offered by the Blue Sky from American Express include auto rental insurance, a Return Protection which credits cardholders with the maximum amount of $300 for purchases that are non-refundable in 90 days. This also includes a year end report.You may find a great review here:"
moviegoer_j replied:
"The AmEx Blue Sky basically pays you 1.33% rewards on all of your spending. Specifically, you get $100 free to spend towards travel for every $7500 you charge on the card. ($100 / $7500 = 1.33%)The Blue Sky rewards can be applied toward any airline, any hotel, any vehicle renter, any tour line, and any travel agent.If you're interested in knowing whether other rewards cards might reward you more for your normal spending profile, you can use this rewards calculator to compare them:Note that the calculator converts all reward currencies (frequent flier miles, points, cash back) to dollars for an apples-to-apples comparison."
GTW replied:
"Here check out here you will be able to compare all major credit cards side by side on rates and rewards."
kassy kemp replied:
"Blue Sky® Credit Card * Redeem points to save on any airline, hotel, rental car or cruise - no blackout dates or travel restrictions * Earn 1 point for every dollar you spend * No blackout dates, no travel restrictions * No annual fee and 0% intro APR * World class cardmember benefits including Travel Accident Insurance, Buyers Assurance Plan, and Return ProtectionApply online at:"
Credit cards for bad credit can certainly help you get out of debt and rebuild your credit score when used correctly. The Rewards 660 Visa® Card, issued by Dakota State Bank, is a credit card designed for those with a bad credit history (but does come with a start up fee. You can get lower interest rates and higher credit limits, when you prove
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Southwest airline credit cards are a good example of co-branded credit cards. Southwest airlines and Chase have teamed up to bring the southwest airline credit cards to you. At the time of writing this article, there are two popular southwest airline cards which are also collectively called as southwest airlines rapid rewards Visa cards.
