Rewards credit cards are becoming increasingly popular as credit card companies get even more competitive in vying for your business. It seems like everyone is offering a rewards card of some kind these days, from favorite retail stores to automible manufacturers. Rewards cards typically award points for various purchases made using your credit card. Points can then be redeemed for specific merchandise, services, and other special offers. Some of these cards may also offer the added benefits of low-interest rates and additional premium card-member benefits. And, if you're good at paying off your balance in full each month and managing your account carefully, these cards can be a steal! Other types of reward cards include the very popular Travel Reward Credit Cards here, Rebate Credit Cards and Gas Reward Credit Cards. Learn more about these types of cards in the following articles. Before you apply - things to consider...

• Rewards may be granted only on qualified purchases, which may be limited only to certain dollar amounts, purchases made at specific merchants, or certain kinds of purchases. However, some cards may generously offer double- or more points for purchases made with specific merchants, purchases over a certain dollar amount, or rewards just for signing up.
  
• Points may expire, or may be difficult to use. Some points may only be redeemable with certain merchants or for a limited list of rewards. However, more and more rewards cards are offering non-expiring, easy-to-redeem rewards. Do your homework to make sure the rewards you earn are rewards you can put to use.
  
• These cards may charge an annual fee or higher interest rate in exchange for superior rewards. Make sure the added expense is worth what you'll gain in rewards, perks or services.
  
• Don't sign up for a card offering rewards you don't need or won't use. Some additional options and rewards offered by card issuers are neither valuable nor money-saving. Some may cost more than they're worth to you. Consider the details carefully before signing up.
  
• Be aware of annual fees, balance transfer fees, foreign transaction fees, over-the-limit fees, late payment fees, and the myriad of other fees that may apply. Check with your issuer and carefully read the fine print of the offer to determine these numbers and avoid any unpleasant surprises!

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