Credit card companies offer many
rewards ccs that give you cash back, miles or points.
Depending on the type of rewards you got with your card, you could later redeemed these rewards for cash,
travel, discounts on products and services.
As an example, I have an American Express credit card that gave me 30,000
points just as a sign up bonus. I could redeem these points for thousands of items, like, for example, 8GB iPod Nano
for 29,800 points. I also have Amazon.com credit card from Chase, that gives me 3 points for every dollar spent on
Amazon.com website. 2,500 points gets me $25 voucher to use on Amazon.com.
It's important to only get rewards that you could actually use. If you almost never fly, "air miles" rewards will be
of no use to you. And if you are not comfortable shopping online then online
shopping credit cards will have little
value to you. Cash rewards are the safest bet since everyone could use some cash.
Updated: 4/27/2012