Rewards Credit Card

Using a rewards credit card is a great way to earn points or cash when making purchases. There are tons of rewards credit cards available these days, many offer a 0% introductory rate for 6 months, some rewards credit cards have a 12 months 0% introductory rate. Some of the more popular reward credit cards include airline rewards credit cards and hotel rewards credit cards.

When you accumulate a certain number of points or cash on your rewards credit card you can use your credit towards free airline tickets, free hotel rooms or you can purchase retail gift cards to use for purchases.

Some of the more popular rewards credit cards include Discover Bank's Miles credit card. With the Miles credit card you can earn 1 mile with every $1.00 purchase. You also earn double miles for your first $3,000 in restaurant and travel purchases every year. You earn 1000 bonus miles each month for up to 12 months as long as you make at least one purchase with your miles credit card every month. Your earned airline miles never expire. You can cash in your miles, use our miles for travel or towards retail gift cards. There is no annual fee for this credit card.

Your miles will be forfeited if you close your account, don't make a purchase for 18 consecutive months or fail to make the minimum payment due by the due date for two consecutive billing periods.

The American Express Gold Rewards Credit Card is another popular card. You earn 2 points for every dollar spent on gas and groceries for the first year (valid on up to $1,000 of eligible gas and grocery purchases each month. If you make $500 in purchase the first three months you earn 10,000 bonus points. You can redeem your points with over 21 different airlines. No annual fee the first year then $125 annual fee each year after.

If you are late on a payment your points can be forfeited. Once you're good on your account your points can be reinstated for a $29 fee. Your points will be forfeited if your account is closed for any reason. There is a "Points Advance" program where you can get up to 15,000 points in advance. You can also purchase points in 1,000-point increments for $25.