(StatePoint) Back it comes to purchases, Americans overwhelmingly adopt acclaim cards to banknote or debit cards, yet few analysis the rewards and allowances that appear with their card. This agency millions of Americans may be missing out on experiences, banknote aback or added allowances that acclaim cards offer.
If you are one of the 77 percent of Americans that adopt to use acclaim cards, actuality are a few tips to accomplish abiding you are accepting the best back it comes to a rewards card.
• Do your research. “The acclaim agenda rewards affairs you accept should absolutely adjust with your spending habits, interests and goals,” says Russ MacKaron, accepted administrator of Agenda Adventures at USAA Bank. “A one-size-fits-all agenda doesn’t exist, so do analysis upfront.”
For example, if you biking often, a agenda that offers airline or auberge rewards may be the best fit.
The key is to abstain a rewards affairs that you’re not acceptable to use or that requires you to accommodated a assertive spending claim aural a set period. Instead, accept a rewards agenda that allows you to acquire credibility for accustomed purchases, such as dining, gas and groceries. For example, the USAA Rewards Acclaim Cards action added credibility on all these items with no absolute on how abounding you can earn.
• Redeem rewards often. According to MarketWatch, over $16 billion anniversary of acclaim agenda rewards go bearding anniversary year. One acumen for this is the action for redeeming rewards can be confusing. What’s more, abounding acclaim cards accept rewards that expire aural a set timeframe. Read the accomplished book and redeem rewards assorted times per year to accomplish abiding you don’t lose out. There are several cards on the bazaar that action the advantage to acquire absolute credibility that never expire, such as the USAA Rewards Visa Signature Card.
Another simple way to agreement you’re redeeming rewards consistently is to accept your credibility automatically accustomed to your anniversary anniversary time you hit a set number. For example, alteration your settings to redeem your rewards credibility anniversary time you hit the 1,000-point mark will advice you booty abounding advantage of your rewards program, alike if you balloon an cessation date.
• Note absorption ante and added fees. “Earning acclaim agenda rewards can be absolutely counterproductive if you end up advantageous hidden fees that outweigh the benefits,” warns MacKaron.
If you’re advantageous an anniversary fee that adds up to added than the rewards you redeem, you’re acceptable not authoritative the best of your acclaim agenda rewards program. A agenda with a low absorption amount may assume like the best adorable advantage at aboriginal glance. However, according to TheBalance.com, there are three added key fees in accession to the anniversary associates fee you should attending out for: brain-teaser rates, antithesis alteration fees and backward fees.
To apprentice added about accolade acclaim cards options, appointment usaa.com/creditcards.
Finding the appropriate acclaim agenda can booty time and energy, but earning and redeeming rewards will accomplish the accomplishment worthwhile.
Photo Credit: (c) Rido / stock.Adobe.com
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