Wednesday, December 06, 2006

Credit Card Rewards

Dissatisfied with your current credit card? Want to change? The reward scheme is not up to your wishes. Changing from one credit card to other credit card is not so easy but when you decided to change then Think carefully when it comes to choosing because the right move can translate to saving hundreds of dollars in the process.

Before switching to other credit card there are certain questions to be looked in which will help you in getting the better credit card from the one you are having.

1. How Is The Service? The credit card companies’ service is not satisfying and if you have to go through long procedures if by chance your credit card is lost. How long does it take for the credit card company to deliver the rewards you won to your home? What if you want to add an extension to your credit card? How fast is the service? How reliable is it?

2. How Will You Rate The Reward System? Are the rewards what you're looking for? If the selection of rewards being offered quite limited, it may again time to start thinking about looking for a new credit card company to deal with.

3. How Are The Rewards Itself? Are the rewards what you're looking for? If the selection of rewards being offered quite limited, it may again time to start thinking about looking for a new credit card company to deal with.

4. How Much Are The Interest Rates? the interest rate of reward credit cards is naturally higher than non-reward credit cards so you should only compare the rates with those of other reward credit cards. And when you do compare, make sure that yours is lower, not higher.

Besides these, you could also consider other factors such as the coverage of your reward credit card company in terms of the number of stores that accept payment using their credit services

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