Unlocking Credit Card Rewards: Don't Miss Out on Financial Benefits
Monday, 18 March 2024, 22:00
Why Many Americans Miss Out on Credit Card Rewards
Many Americans use rewards credit cards, but around 29% of consumers do not. Discover why they're missing out and why you may want to get a rewards credit card.
Usage Across Generations
- b>74% of Americans have credit cards that earn rewards.
- A study found that different generations prioritize various features when choosing credit cards.
Financial Benefits of Rewards Cards
- Earning rewards requires little effort and can offset costs of everyday purchases.
- Choose a card that aligns with your spending habits and offers valuable benefits like purchase protection and extended warranties.
- Avoid carrying a balance to prevent expensive credit card interest fees.
Choosing the Right Card
- Review your finances and determine if an annual fee is feasible.
- Consider your spending categories to maximize rewards.
- Research redemption options to select a card that suits your preferences.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.