Best Rewards Credit Cards
April 14th, 2010
Rewards credit cards a great option for those who are looking to get something back for spending money they already intend to spend. But, it can be difficult sometimes to determine which cards are the best ones. There are several factors that you should consider before deciding on the best card for you.
Best Rewards Credit Card
With the Westpac Earth Gold Card you can experience all the advantages of a gold card such as travel insurance and extended warranty insurance you will also have complimentary access to the Qantas Frequent Flyer Program
- Purchase rate of 19.64% p.a.
- 0.99% p.a. for 6 months on balance transfers
- $125 annual fee
- 19.64% p.a. on purchases
- Up to 45 days interest free
Click here to read the Westpac Earth Gold Card terms and conditions
Having a credit card may be common but that does not mean it should not be taken seriously. Having credit requires responsibility and reliability. With that said, if you possess these qualities then the credit cards that you choose should be doing something for you. You are precisely the type of customer who deserves to have rewards. So, it is important to take the time to find the best reward credit cards for you.
Look Carefully
All rewards cards are different so finding the best rewards cards really depends on what you are looking for. Here are some aspects to look over while considering the myriad of offers available.
- Is there an annual fee tied to the program? This annual fee differs from the credit card’s annual fee. It is the fee that is directly related to the rewards program. For example, if the fee for the program is $100 then you would need to spend over $20,000 annually in order to recoup that annual fee. If you spend more than that annually then this is not a concern to you but for someone who uses their card more casually this could end up costing them more than it would pay out.
- What is the interest rate? Some cards who do not charge a fee for their rewards programs may then increase their annual fee. Look closely at the numbers before deciding.
- How are you able to redeem your points? It is important to find out exactly how you are able to redeem your points. Each card is different. If you have a cashback option, find out if your points will be redeemed at a higher price than if you were to redeem for shopping vouchers. Find out who the partners are. Are there affiliated partners and services that are interesting to you and ones that you would actually use?
- Will your rewards points expire? Even the best reward credit cards may have an expiration on rewards points. Find out exactly what the specifications are.
Be Smart
The “best reward credit cards” are only as good as the user behind them. If you overspend each month and fail to pay off your balance in full then any rewards will be negated by the interest you will need to pay on your balance. Use your card wisely and responsibly and you will relish knowing you have one of the “best reward cards” around.
Editors Choice: Best Credit Card Deals
| Credit Card | Card Details | Interest Rate p.a. | Cash Advance Rate p.a. | Balance Transfer Rate p.a. | Annual Fee | Interest Free Days (Up To) | |
|---|---|---|---|---|---|---|---|
|
An excellent balance transfer offer of 1.9% p.a. for 12 months and a standard purchase rate of 12.24% |
12.24% | 17.99% | 1.9% for 12 months | $39 | 0 | |
|
Excellent credit card, with a 0% p.a. for 6 months balance transfer offer, and pay $0 for the life of the card |
16.99% | 20.75% | 0% for 6 months | $0 | 55 | |
|
Enjoy 1.9% p.a. for 12 months on balance transfers as well as earn 3 Skywards Miles for every dollar spent, plus all the benefits & privileges of a platinum card. |
20.74% | 20.74% | 1.9% for 12 months | $229 | 55 |