How to Decide on the Best Rewards Credit Card

The collective battle cry in the market to ‘Serve the Customer’ in times of intense competition can be quite overwhelming. Subliminal persuasion by the companies and the myriad rewards credit cards available to the consumers can make the choice of one an onerous task. Essentially, the rewards credit cards attracts consumers motivates spending by providing loyalty rewards. To find the best rewards card from those on offer, you need to introspect on your lifestyle, spending habits and the various benefits promised by the companies offering rewards credit cards.

Lifestyle

Lifestyle is a major determinant in choosing the best rewards credit card. It is better to select a rewards credit card, which rewards you for the purchases you make most frequently, so that you can easily accumulate bonus points. Also, make sure that the rewards offered are the ones you are interested in and not something of any use for you.

Spending Habits

Consider your spending habits before deciding on the best rewards credit card. Typically, the more you spend in a year, more are the reward points you earn. Most rewards cards have a monetary limit beyond which you cannot avail of rewards. The solution, in such an eventuality, may be to find a new rewards card. Other rewards cards have an expiration date, so that if you do not earn enough points in this time frame, then no reward points are earned. Do consider the expiration date and the trade-off points, when deciding on your card. Also, rewards credit cards carry a higher rate of interest than traditional cards. It is imperative that you pay the balance due each month in due time to avoid paying higher finance charges. If you do not intend to do so, select a rewards card with low interest rates.

Benefits Of The Rewards Card

In addition to the rewards programs, a good rewards credit card also offers benefits such as, purchase protection, extended warranty coverage, travel insurance, auto rental insurance, lost luggage insurance, gift certificates or discount coupons, and even discounts in airline tickets. It pays to take these into account in addition to your lifestyle and spending habits while deciding on the rewards card best suited for you.

Zack Nelson recommends Find Credit Cards to find the best rewards card.

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Visa or MasterCard Which Credit Card Should You Apply For

Should you get Visa or MasterCard? Is one of them better than the other? Will one of them help your credit rating more than the other? Many people ask themselves these types of questions when they think about getting their first credit card or additional ones. The fact is, few differences exist between the two credit card brands today, but you can benefit by having a better understanding of the two companies and using their competition to your advantage.

Just Who Are Visa and MasterCard

First, you should know that neither Visa nor MasterCard actually issue credit cards themselves. Neither company deals with consumers or merchants directly. Instead, they create and run the worldwide computer networks that process the billions of transactions that occur each day from people who use their credit cards at millions of merchants and ATMs. Both companies make their money from financial institutions to whom they license the ability to market the MasterCard or Visa system to consumers and merchants.

MasterCard and Visa have been fierce competitors for years, each vying to be faster and more global than the other, just like Hertz and Avis, and McDonalds and Burger King. Each time one brand creates a new twist on their credit cards, the other soon follows to match it. Both companies now offer nearly identical benefits, such as travel insurance, car rental insurance, product warranty extensions, and so on.

Furthermore, both cards are accepted worldwide by nearly the same number of merchants. MasterCard says its cards can be used at more than 23 million locations around the globe, including 1 million ATMs and other locations where cash can be obtained. Visa says its cards are accepted at more than twenty million locations in more than 150 countries.

In general, most merchants throughout the world accept both cards, or if a merchant takes only one of the brands, another merchant down the block takes the other. The point is, your chances of being locked out of eating or buying a gift or getting a hotel room because you have only one brand of credit card are usually minimal — other than at a few noted events where one card or the other may have negotiated to be the sole credit card to be accepted. But such instances are far and few between.

Which Card is Right for You?

Given the above, is one card better or more right for you? The best answer depends on whether it’s your first, second, or additional card, as follows:

If You’re Applying for Your FIRST Credit Card

In this situation, you can make a choice based simply on selecting which issuing bank you prefer to work with, or which promotional offer you like the most, without regard to the brand on the card. Perhaps you like Chase or Citibank or HSBC, or perhaps you like the 0% APR with no-annual-fee offer you found online. It’s six of one, a half-dozen of the other.

If You’re Applying for Your SECOND Card

In this situation, it is strategically smart to select the opposite brand card from your first card AND to choose a different issuing bank. The rationale for this is that when you have two different cards, you will find that the two banks will compete for your business (assuming you maintain good credit). You will get offers for 0% balance transfers, higher credit limits, and other perks as the two banks vie for your increased use of their card. And just in case you find a merchant who only takes one brand of card, you can now be assured of having all your bases covered.

If You’re Applying for ADDITIONAL Credit Cards

Many people apply for more than two credit cards because something specific motivates them to get a third or a fourth card. You may want a separate card to use for your business charges, or to compliment your airline frequent flyer program. In these cases, your selection is largely predetermined by whichever card has attracted your attention to fulfill your specific needs. You might even shop around among issuing banks to be sure you find the best offer, no matter which credit card brand stands behind it.

In short, choosing between Visa and MasterCard is no longer a frustrating question for anyone applying for a first credit card. You can’t go wrong with either brand. And if you already have a first credit card, it can be a very smart move to apply to get a second card from the other brand. If you treat your credit well, you’ll soon be having two (or more) banks begging for your business — and that’s a good thing!

Copyright 2005 Ed Vegliante. Free reprint of this article is allowed provided the resource box remains intact with a live link back to http://www.credit-card-surplus.com

Ed Vegliante is the owner of http://www.credit-card-surplus.com, a well organized credit card directory enabling the user to compare and apply for a variety of credit card offers including MasterCard and Visa credit cards. Find links to secure online credit card applications.

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How to Plan Your Trip to Cancun in 10 Easy Steps!

Cancun has always been a popular spring break travel destination. Whether you’re a seasoned traveler or planning your first trip, there are several important things to keep in mind before calling your travel agent and booking your next vacation to Mexico:

1. Time of year: While “Cacun in the Springtime” is very fun, the truth is that you’re most likely to spend many days outside, because the weather can be humid and hot. Sometimes there is rain, but if you’re not sure of weather patterns, check with your travel agent who can advise you on rainy seasons or other weather-related issues for traveling to a specific spot.

2. Your Budget: Decide how much you’ve got to spend, and don’t forget to include extras like tourist attractions, getting around, souvenirs and meals (which are typically much cheaper in Cancun than in the states). If your budget is smaller, consider visiting Cancun, looking for packaged tours, or, if you’re flexible, book a “last-minute” trip, which can often save you 30% or more. Check out the current exchange rate between your currency and that of the country you’ll be visiting, to have a better idea of what your vacation is going to actually cost you. Whenever possible, travel during an off-peak season to save even more.

3. Your secret dreams or “someday” wishes: For most of us, taking a vacation is something we get to do only once a year, and often plan and save the whole year for. So if you have always wanted to visit somewhere or do something special — why wait? Include it in your next vacation plans.

4. Political Climate: While most countries that rely on tourism make every effort to ensure the safety of tourists, these days it’s always a good idea to keep up on the current political climate of the country you’re planning to visit, especially if there have been problems in the past.

5. Your own “internal clock”: If you prefer sleeping in in the mornings, and “doing your own thing” then a guided tour is probably not for you. Most guided tours start early in the morning, and you’re on the go until evening. You may visit several cities in a country or countries within a specified amount of time, and you’re required to stay with the group.

On the other hand, if you don’t like traveling alone, you enjoy the companionship of others and getting to see as much as possible in the time you’ve got, a guided tour or cruise may be just the thing for you.

6. How you like to spend your time: Take a little time to think about what you like doing before planning your trip. Do you prefer the water, or the mountains? Lying on the beach, or rock-climbing? Adrenaline rushes or visiting a museum?

While going outside your comfort zone and trying new things can be a great experience, spending your time doing something that bores you silly or makes you uncomfortable and unhappy just doesn’t make sense. Once you know what you want to do, figure out what you’ll have time to do. Many times, in an effort to get the “most bang for our buck” we tend to over plan the vacation, and end up needing a vacation from the vacation when we get home! Prioritize your list, and be willing to save some activities or attractions for another trip.

7. Use the resources that are available to make your trip special and save money: Today’s travelers have numerous options when planning their vacation. You can use the Internet to find out more about the cities or countries you want to visit, check out prices, even book your flight or hotel room. If you’re visiting a place for the first time, check with a travel agent, talk to someone who’s “been there, done that” on an Internet Forum, or contact local chambers or commerce or travel councils to get more information about where to go, what to see and what to do.

8. Get organized: You can use trip-planning software, or your own favorite organizing system to organize and plan your trip. Don’t forget things like making sure your passport and picture ID are up-to-date, finding out if travel insurance is something you need, and how and where to exchange your money. The more organized you are in the beginning, the better vacation you’ll have.

9. Pack lightly: Most of us take too much on a vacation, and end up lugging heavy suitcases and other bags along filled with items that we either don’t use or don’t need. When planning your trip, look at your wardrobe and pack as lightly as you can. Take only what you’ll really need, and remember that if you forget or end up needing something, chances are you can get it once you reach your destination.

10. Have fun! Get organized, make your plans and expect the best. That way, once you’re on your way, you’ll be able to relax and enjoy yourself. But remember, there are very few “perfect” vacations, so if something does go wrong, try to relax and “go with the flow” as much as possible. Experienced travelers say that sometimes their best vacations have been the ones where the unexpected happened.

Please visit my website at: http://www.cancunvacationoil.com For more tips please visit cancun vacation today and relax in the sun!

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