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Guide To The Reward Type Credit Cards
By Michael Colucci

Among all types of credit cards, credit cards offering rewards or bonus points are usually the ones with the highest interest rates. But if you're not cash strapped and you've got a steady (not to mention abundant) source of income then maybe, this type of credit card is the ideal credit card for you.

The way a credit card offering rewards or bonuses works is quite simple. Each time you use your credit card, you are awarded a point. The number of points you're awarded depends on the amount of your purchase. You can maximize the use of your credit card if you're also able to pay off your purchases before it could incur high finance charges. If you don't, then whatever reward or bonus you'll...
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In the News
comparethemarket.com Launches Simples Rewards on Credit Card and Loan Comparison With Latest TV Ad
LONDON, February 6, 2012 /PRNewswire/ --Following the successful launch of the new credit card and loan comparison service, comparethemarket.com has launched a new TV advert on ITV & C4. In the advert, ... Read More ...

Credit Q&A: Are Rewards Points Taxable?
NEW YORK (MainStreet) -- Q: I heard that Citi Bank sent 1099 forms to cardholders who earned frequent-flier miles through a special promotion. Are my credit card rewards points taxable? A: Generally speaking, your rewards points aren't going to be taxable if you've earned them by charging purchases to your credit card. High sign-on bonuses may require you to fill out a form for the IRS. As we've ... Read More ...

Credit Card Rates Rise for Rewards Cards
Check out the latest average consumer credit card rates. Read More ...

 
 
 
 
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