August 6th, 2012

5 Tips for Picking the Right Rewards Credit Card


choose credit card

We know from last week’s blog post that great credit card offers might soon be a thing of the past. But you can still get great over-time rewards with your plastic, if you choose wisely.

Here are five things to pay attention to when picking a great rewards credit card.

Rewards You Can Use

One of the biggest mistakes you can make when searching for a new card is to choose one that gives you rewards that you won’t actually use. What’s the point of racking up airline miles if you’re terrified of air travel? Instead, focus on those rewards cards that will get you what you want, whether it’s cash back, hotel perks, or special event offers.

Interest That Doesn’t Eclipse Rewards

Cash back is great, isn’t it? But if you tend to leave a balance on your credit card from month to month, and your interest rate is sky-high, you’ll likely pay more in interest than you’ll receive in cash back. That rewards card just turned into a regular, boring credit card, didn’t it? The best thing to do is to set a precedent that you’ll never leave a balance on your credit card. Alternatively, do the math to make sure that the cash back rewards you receive each month is more than the interest you pay. Or choose a rewards card with a lower APR, like the Discover It card.

Continue Reading | 5 Comments | Twitter | |

January 4th, 2011

Not In Their Debt: The Problem With Cash Back Cards

cashbank thumb

Cash-back reward programs on credit cards aren’t too good to be true—in truth, they’re inspiring more debt among their users than rewards of cash.

Read more on this special guest post from LearnVest!

Continue Reading | 1 Comment | Twitter | |

October 11th, 2010

Find The Right Credit Card in 5 Minutes

crdit card 5 min

Choosing the right credit card for you has eerie parallels to dating—your perfect card should fit well with your lifestyle, complement your budget, and shouldn’t compromise your financial needs.

Stroll through our gallery of credit card types to figure out what type of plastic is your true credit match.

Continue Reading | No Comments | Twitter | |

September 28th, 2010

Points, Miles, And Cash Back: The LV Guide To Credit Card Rewards

credit rewrads

At LearnVest, we believe that you should always make money on your money, from beginning to end: You should earn interest in a savings account before you spend and then credit card rewards once you do spend. In order to help you make the most of your money, we bring you the 9 rules you must read for rewards cards.

Continue Reading | 1 Comment | Twitter | |

August 11th, 2010

Wednesday Trends in Credit Cards & Debt

wells fargo thumb

One major issuer didn’t get away from consumer watchdogs this time, and paid a pretty hefty price. A judge ordered Wells Fargo to pay $203 million in restitution to Californians for manipulating overdraft fees.

Also, check out our favorite personal finance picks from the web.

Continue Reading | No Comments | Twitter | |

June 23rd, 2010

Want MORE Cash Back? One Company Is Listening…

While credit card perks are getting slashed and debit cards and checking accounts face looming fees, the start-up Perk Street Financial will soon be offering the irresistible upgrade to double their debit card’s cash back program to 2% cash back on every dollar of debit card purchases the cardholder signs for. If you’re looking for […]

Continue Reading | 2 Comments | Twitter | |

June 7th, 2010

REVIEW: Chase RealCash Debit Card

If you crave the rewards a credit card offers but need the security of a debit card, Chase’s new RealCash Debit Card comes close to a perfect union of the two. (Chase is a Credit Karma partner.) RealCash’s cash back program turns your debit card into a moneymaker, minus the risks of paying interest, getting […]

Continue Reading | 13 Comments | Twitter | |

May 28th, 2010

Getting A New Credit Card

There are many reasons to want to get new plastic: maybe you want another open credit line, or need a back-up credit card, or are interested in bonus rewards or cashback. Whatever the reason, getting a new credit card is exciting, but can also lead to a bad decision of getting the wrong card, getting […]

Continue Reading | No Comments | Twitter | |

March 8th, 2010

REVIEW: Newest Additions To Capital One’s Credit Card Family – Venture and VentureOne

Credit Karma partner Capital One recently rebranded two great travel rewards credit cards, the Capital One’s No Hassle Miles Excellent and No Hassle Miles Ultra for Professionals, into the new benefits and sleek look of the Venture Rewards Card and VentureOne Rewards Card. The Venture Rewards Credit Card is replacing the No Hassle Miles Ultra […]

Continue Reading | No Comments | Twitter | |

February 1st, 2010

Review: Retirement Rewards Credit Cards

The next wave of rewards card programs is flooding the market, offering what’s termed “retirement rewards”. These rewards offer consumers the opportunity to turn points into cash to be invested in their retirement fund. The more familiar, traditional rewards programs of airline miles and cashback offers will have to move over for the innovative programs […]

Continue Reading | 4 Comments | Twitter | |

Advertiser Disclosure: The offers that appear on this site are from third party advertisers from which Credit Karma receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). It is this compensation that enables Credit Karma to provide you with services like free access to your credit scores and free monitoring of your credit and financial accounts at no charge. Credit Karma strives to provide a wide array of offers for our members, but our offers do not represent all financial services companies or products.

Editorial Disclaimer: Content on the Credit Karma Blog is for entertainment and information purposes only. The opinions expressed on the blog are those of the authors themselves, and not necessarily Credit Karma or its affiliates. However, Credit Karma may be compensated by companies mentioned in the Credit Karma Blog through advertising, affiliate programs or otherwise. It is this compensation that enables Credit Karma to provide its members with services like free access to your credit scores and free monitoring of credit and financial accounts at no charge.