Reward Credit Cards Comprehensive Guide for Consumers

    /24-7PressRelease/ - November 10, 2006 - Reward credit cards are cards that provide consumers with special rewards for making purchases with the card. These rewards may be in the form of cash, airline miles, or special gifts, depending upon the individual reward credit card. These differences among reward credit cards, as well as the various ways they calculate the rewards earned, can sometimes be overwhelming and confusing to consumers. To help consumers learn how to choose the best reward credit card for their lifestyle and to help them understand how to maximize the use of these cards, CreditCardAssist.com has recently launched a comprehensive guide to reward credit cards ( http://www.creditcardassist.com/rewards/creditcards.html ).

CreditCardAssist.com, operated by Los Angeles-based Optimum Interactive, is a leader in the industry when it comes to educating consumers about credit card use. In addition, CreditCardAssist.com provides a thorough online database of credit cards that are currently on the market, making it easier for consumers to compare the pros and cons of each in order to find the one that best suits their financial needs.

"Reward credit cards can be a great financial asset," said Rob Willard, Managing Director of Optimum Interactive. "Yet, there are many things consumers fail to realize about these cards. For example, they tend to have much higher interest rates than credit cards that do not offer a reward program. So if the card isn't used properly, the consumer can actually lose money in the long run when using one of these cards. By creating our comprehensive guide to reward credit cards, we hope to help consumers avoid this pitfall while also providing them with tips for maximizing the benefit of these cards."

On the surface, reward credit cards seem like a great way to benefit as a cardholder. If a consumer carries a balance on the reward credit card, however, he or she will likely pay more in finance charges than what is earned in rewards on the card. The strategies offered on CreditCardAssist.com help consumers turn the tables on the credit card issuers by providing them with tips, articles, ( http://www.creditcardassist.com/articles.html ) advice and free information on how to use them effectively. The guide also provides strategies for not only maximizing the reward benefits with reward credit cards but also how to simultaneously avoid creating debt.

"By planning the cards they use for each of their purchases," Willard commented, "consumers can use their reward credit cards in an effective manner. For example, if the consumer has a reward credit card that offers a higher percentage of return for gas purchases, she should use that card every time the tank needs filling up. Similarly, if the consumer has one that offers greater rewards for purchases made at a home improvement store, that is the card she should use when making those purchases. That way, the consumer earns back as much as possible from the reward credit cards she has."

Reward credit cards also offer various methods for rewarding the consumer. Some are geared toward those that travel and offer rewards such as reduced airline prices and free hotel stays. Others are aimed toward sports fans and offer rewards in the form of free tickets to sporting and special events. Yet others may provide the consumer with cash as a reward. The variety of reward credit cards seems to be endless. For this reason, it is recommended that consumers closely compare them in order to find the card that will be most beneficial.

To learn more about the various reward credit cards available and how to use them wisely, visit Credit Card Assist.com ( http://www.creditcardassist.com ).

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