Cardholder rewards are not a new phenomenon. In fact, they’re being offered more and more frequently as banks and businesses compete for customers. But how valuable are these rewards if they’re not tailored to your personal tastes? The answer is, not really. Thus, there is a range of innovative rewards credit cards designed to cater to the unique preferences of individual cardholders. After all, a reward isn’t a reward if it’s not valuable to the recipient.
The beauty of the newest rewards credit cards is that they have been created with the individual cardholder in mind. Therefore, their rewards are things that cardholders can actually use and enjoy. And that’s when a reward is a reward.
What credit card rewards can I look forward to?
One of the most well-known types of credit card rewards is air miles. With this type of reward system, cardholders earn air miles when they use their credit cards. This enables them to qualify for discounts on airfare, or even to qualify for free flights. It’s the ideal card for anyone who loves to travel, as it enables them to reap valuable travel-related benefits simply by using their credit cards.
But what if travel isn’t my bag?
Air miles are not the only kind of rewards available. Highly popular are more general reward cards that offer a range of benefits catering to cardholders’ individual leisure, retail and entertainment preferences. These types of reward credit cards offer rewards for everyday expenditure.
These rewards may include air flights, car rental, and discounts on holidays, as well as many non-travel related items, including shopping vouchers, discounts on music, gifts and flowers, and donations to charities. Some rewards even offer you the chance to pay your bank fees using the points you’ve earned. The list of rewards is extensive, which means that for every type of cardholder, there’s a reward to match.
Rewards credit cards for the sports nut
There is also a range of sports-related rewards credit cards that enable sports enthusiasts to enjoy range of worthwhile benefits, just by using their credit cards. These cards may, for example, afford cardholders access to top sporting grounds at discounted rates – plus, they help cardholders earn discounts on sports gear, equipment, accessories and more.
Tips for getting the most out of your rewards credit card
Maximise your credit card rewards by following these useful tips:
• Compare rewards credit cards to find the one that offers the most enticing rewards for you.
• Try to settle your credit card balance in full each month, to enjoy your rewards to their maximum.
• Pay all your bills using your rewards credit card – or, as many of them as you can. Remember, however, to settle your outstanding credit balance in full each month.
• Don’t spend just so that you can earn rewards – but if you need to make purchases, use your credit card to earn more rewards.
• Look for credit cards with competitive interest rates and flexible terms.
Apply for a rewards credit card now. Alternatively, compare the types of rewards credit cards available to find the one that offers the most worthwhile rewards for you.
Plastiq is a South African credit card comparison website showcasing a range of Nedbank and American Express credit cards. Find rewards credit cards, as well as personal and business credit cards, using the Plastiq website.