Credit Card Bonuses: Making the Most of These Perks

Single Mom Financial Help

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If you are going to use credit cards, you might as well get the most possible benefit from them. Most credit cards offer credit card bonuses, which are programs that allow you to earn rewards for using the credit card. As long as you are using the card responsibly, these are excellent ways to benefit from them.

First, choose a card that will benefit you. For instance, some cards allow you to earn points that you can use towards the purchase of a car. This is a great reward, but not if you will not buy that type of card. Other cards offer points that translate into frequent flyer miles. Another great benefit, but it will not help you if you do not ever travel.

Next, avoid a card that charges a fee because of its “great” credit card bonuses program. There are so many free cards out there with great perks; there is no good reason to pay a fee. Look for one that is free. However, there are some of these cards that can be beneficial, even if you are paying a fee, but you need to do your research first. For instance, if you have a $50 fee for a frequent flyer card, and are able to earn the money for a free international vacation, you can easily justify the $50 expense. But make sure there is not a compatible program out there on a free card.

Another factor to consider is how flexible the program is. If you will be limited to just a few rewards, just one car dealer, or a specific airline, you might want to switch. The more flexible the program, the better the benefit for you.

Of course, one of the best options to consider is a cash back card. These cards give you a cash benefit, either as an actual check or as a credit on your account. Nothing is as flexible as cash, so these can work well.

Finally, the best way to benefit from credit card bonuses is to use them. If you do not use them, then they are a wasted benefit. Learn all you can about your credit card’s program, and then take advantage of it. As a single mom, you need all of the perks you can get your hands on!

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