Rewards credit cards are a great tool to earn cash back or miles and points, but it isn’t always sunny in Rewards Credit Card Land.There are certainly pros and cons of rewards credit cards. If you understand the cons, you will be better able to avoid them so you can take advantage of the pros! Follow along to learn more about the pros and cons of rewards credit cards so you know whether to say “yes” or “no” the next time you think about applying.We are going to start with the pros of rewards credit cards. These are the benefits you should consider when shopping around for a rewards card that should help you decide if it is a go or no-go. These are the biggest benefits to look for:Rewards programThe first place to look for a credit card benefit is the rewards program. Each time you use a card to pay, the credit card issuer takes a portion of the transaction as a fee. Your credit card rewards come from that interchange fee the bank charges each store you … [Read more...] about Rewards credit cards: The pros and cons
Best reward credit cards for travel
Image source: Getty Images. Wise credit card usage requires discipline and planning, and slipping up can lead to fees, hits to your credit score, and unmanageable debt. However, paying with a credit card can also have huge advantages if done correctly. Continue Reading Below From rewards programs to often overlooked protections, your credit card may be the smartest and safest way to manage your money. Here are five reasons to consider making your next purchase with your credit card. 1. You’re less liable for fraud Your credit card can act as a safety net if your card or financial information is stolen. With a debit card, the thief has access to any money associated with your account. They can drain your bank account before you even realize that your card is missing. With a credit card, a thief won’t have access to any of your personal accounts. Any fraudulent purchases they make will be with the credit card company’s money, and your funds will be safe. Credit card … [Read more...] about 5 Reasons You Should Pay With Credit Cards
Flying ain’t cheap. Unless you work for an airline or have a friend who flies as a hobby, you’re probably looking at a several hundred dollar ticket to go just about anywhere. If you fly a lot for personal reasons — or own a business that pays for frequent business trips — airline travel is likely a sore spot in your budget. That’s why frequent flyers need the right credit card. A good card can earn you airline miles, hotel rewards and cash-back on travel expenses. It can also give you access to rental car protections, emergency assistance services and travel insurance. If you’re going to carry a card around in your back pocket, it might as well be a card that has your back.If you’re a jet-setter, we can help you find the right credit card to fund your adventures. Here are some of the best options. Travelers can earn 50,000 bonus points when they spend $3,000 in the first 90 days. These points can be redeemed through Chase Ultimate Rewards or … [Read more...] about From Salon Marketplace: These are the best credit cards for frequent flyers
AS I PULL INTO A SUNOCO STATION on a recent Friday night, I feel as if I’ve driven right into my childhood. Despite the sign by the pump promising (and delivering) the “Lowest Gas Prices in Town,” it is a full-service station. After the friendly proprietor fills my tank, I hand him two twenties. He reaches into his chest pocket and pulls out a Tony Soprano–style wad of bills, peeling off several singles to hand me my change. No swipes, no chips, no PINs. If he had checked my oil and squeegeed my windshield (and if my two twenties had instead been a ten), I would have sworn I was a preschooler in 1973, sitting behind my dad in his Ford Falcon.The proprietor is Ed Negoshian, and the Sunoco station at the intersection of Route 9 and Elliot Street in Newton has been in his family since the 1950s. He began working there when he was 10, showing up after school every day to help his father. Ed’s 63 now, his black beard threaded with gray. About four years ago, he … [Read more...] about Put away that credit card. You need to use cash more
When major winter storms pass overhead, it usually means trouble for travelers. Airlines can be forced to cancel thousands of flights that affect travelers throughout the country, hotels may abruptly sell out and cruise ships have to change departure times to get to safe waters. The good news in the midst of bad weather is that many travelers have some protection from the moment they purchase their trips. Many travel credit cards offer insurance benefits to cover weather-related incidents, including trip cancellation and trip delays. But that insurance won’t necessarily cover every situation in which you have to cancel or change plans due to winter weather. Experts suggest considering purchasing additional travel insurance to cover the gaps left by a credit card on long trips, trips where medical insurance is required or trips that cost $10,000 or more. Before buying any travel insurance policy, be sure to understand what coverage is included from your credit card. … [Read more...] about Will my credit card’s travel insurance cover my trip when winter weather strikes?