Reward Cards Birmingham AL

Rewards cards have become the latest rage in the credit card industry. The following article provides more information about rewards cards.

Local Companies

Webspace Enterprises Inc
205-586-4411
2330 Highland Ave S
Birmingham, AL
Ack Radio & Electronics
205-322-0588
3101 4th Ave S
Birmingham, AL
Birmingham Computer Products, Inc.
205-870-1346
2702 19th St So.
Birmingham, AL
Systematic Services
205-795-3000
6 Office Park Circle Suite 100
Birmingham, AL
Pinnacle Bank
205-822-2265
2039 Canyon Rd
Birmingham, AL
H & H Accounting
205-444-0266
2481-D Valleydale Rd
Birmingham, AL
Alacom Finance
(205) 942-3360
117 S Crest Dr Ste 100
Birmingham, AL
Wells Fargo Financial
(205) 979-2355
3081 Lorna Rd Ste 108
Birmingham, AL
Frontier Investment Management
(205) 995-1180
15207 Kenley Way
Birmingham, AL
Credit Finance Inc
(205) 458-4465
1120 3rd Ave N
Birmingham, AL

How does a reward program work? Typically, the program awards points, "dollars" or a cash value based on the amount you charge. The rate at which you collect points varies depending on what you charge or where you charge it. Some programs offer extra points for using their card at a specific place such as a supermarket or fast food restaurant or for certain items.

Some programs offer a variety of rewards. Consumers can earn meals, tickets to sporting events, airline tickets, electronics, or even create their own reward program.

The goal is to get you the consumer to use your credit card as much as possible. Why? FEES! The credit card issuer makes money from two sources each time you use their card. First, from the merchant who pays the issuer a merchant transaction fee and secondly, from you through finance charges and late fees.

A recent survey found that nearly half of U.S. cardholders enrolled in a credit card rewards program have never redeemed their points. However, 60% of consumers said rewards program influences their decision when deciding which credit card to use for a purchase.

When considering an offer for a card that offers rewards, be sure to read the fine print. Find out what you have to do to earn points. Look carefully for any restrictions as to when you can redeem them. Also check to see if your points carry over from one year to the next.

Reward programs most benefit those who pay off their balances monthly. For those who carry a balance or even pay late, the resulting higher balances and fees aren’t really much of a reward, are they?

About the Author:

© 2004, http://www.yourfreecreditreportnow.com

Author: James H. Dimmitt

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Featured Local Company

Webspace Enterprises Inc

205-586-4411
2330 Highland Ave S
Birmingham, AL