Pittsburgh Family Pays For Trip With Credit Card Rewards
Suzanne Alexander said, "We made the choice to move all of our purchases to one card and really take advantage of it and focus it on our family vacations." In October they cashed in their points for a trip to Disney World and got a thousand dollars off the price of the trip. Credit card reward programs are big business. You can earn air miles, hotel rooms and get big discounts. But are they a good idea?
Dr. Audrey Guskey of Duquesne University said, "If you're an individual who doesn"t pay off credit card every month on regular basis. I would probably shy away from these types of credit cards because interest rates tend to be higher." But if you can pay off your balance every month she said, "I would say absolutely go for it. A lot of times these are treasures, presents, consumers can receive.
It's one more, in a sense, to stretch our budget." Guskey said if you're going to use a rewards program choose wisely. Make sure it has the backing of a reputable company like VISA, American Express, or Capital One. Check the fine print. Find a fair interest rate and make sure there's no annual fee.
Then in reality you're losing money if you're getting extra perks with your card." Guskey said. The Web site creditcards.com lists low interest rewards cards so you can compare and apply. There are cards that will help you save on cars like Volkswagens and Subarus, home improvements, even pet rewards. The trick is to choose one card and use it for everything.
Alexander uses hers for coffee, gas even chapstick. These cards may not be the best choice for people who do not pay off credit card bills in full each month. Copyright 2008 by Wpxi.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. 1. Make sure possible inaccuracies aren't hurting your credit 2. Detect potential identity theft 3.
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Pre-Approved 0% Interest Cards: Are They for Real?
Are They for Real? Zero interest cards might seem like an easy out, but they're not always a simple solution. Also look for fees, and find out if the card issuer participates in universal default. If they do, you might be penalized for unrelated negative items on your credit report.
Call the card issuer's customer service line if you need any terms and conditions clarified. Be aware of the card"s APR after the introductory phase ends. You"ve got nothing to lose but high interest rates.