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Gems of Consumer Wisdom Health Safety Financial Freedom |
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How To Find The Best "Reward Cards"
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The Big Boss hands you some plastic and says "Here, the company
wants you to have this credit card."
You reply in jest "Oh look -- free money!"
The BB chuckles and says "Don't get smart with me -- get smarter about credit."
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When you buy anything with a credit card, the merchant has to pay
a fee of up to 3% to the credit card company. Merchants
usually pass this cost on to customers by raising prices.
To get your fair share of that money, you should use a rewards
credit card to earn up to 6% back in cash rebates, credit,
points, or frequent-flyer miles. That's tax-free income,
and you'll even receive rebates on the sales taxes you pay.
Getting one of the best rewards cards can help offset the high
cost of gas by earning hundreds of dollars per year for
you.
(Next Gem: How To Pay Rates As Low As 0%)
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