Pick the credit card that rewards your lifestyle
You might think that in order to control your daily spending you must pay in cash rather than by credit card. But in fact, if you use the right card in the right way, you can not only limit your spending but earn a variety of valuable rewards that are not available for cash transactions.
Different credit card points and rewards cater to different kinds of consumers, so the choice depends on what you enjoy most:
Most banks cooperate with restaurants in launching credit card payment promotions. When you visit your favorite eatery, see which cards it accepts. If there is a promotion, you might get a 10 –15% special discount, extra rewards points or a complimentary dish. These benefits are not available if you pay with cash. Just ask your waiter or waitress whether any credit card promotion is available.
If you love shopping then it makes sense to choose a credit card based on what kind of privileges it offers. If you choose a cash-back credit card, you'll get a bonus for every transaction, which will be automatically credited to your monthly statement. If you prefer gift rewards, you should select a credit card that offers double or triple reward points per each sales slip. This will help you earn points faster so you get more gifts or discounts.
If you are a frequent traveler, you should seek out a credit card that rewards you with airline mileage points for every purchase. You can redeem points for free or discounted flights of airlines allied with the issuer of your card. Some cards offer airport lounge privileges.
If you are focused mostly on work and staying home, you might like to consider a credit card that gives you access to spa services or a health club, for the sake of stress relief. If you are focused on saving money, you could try a cash-back credit card that gives you extra rewards for your monthly gas purchases.
Privileges for all lifestyles
Credit cards undoubtedly offer a variety of benefits. If you use a card wisely, it can pay handsome rewards.