Hi ,

We all know credit cards can be a lifesaver. The problem is that they can also come with a hefty price that we weren’t expecting. Fortunately, there are ways to avoid these costs and get the most bang for our buck.

Here are some questions to ask yourself before signing up for any credit card rewards:

Hidden Fees

Do they have annual fees?

Credit card reward programs may come with annual fees that reduce the benefit of using the program.

Do they have extra fees?

Credit card reward programs can also charge extra fees for using the rewards or transferring them. 

Reward Limits

Do they have expiration dates?

Your rewards may have an expiration date. You can lose them if you don’t redeem before the specified date. 

Do they have other limits?

Your rewards can have limits such as redeeming a certain minimum or maximum amount.  

Losing Rewards

Do they have rules about losing rewards?

You can lose your rewards in certain cases, and you might not be able to get them back.

What are the details?

Late payments, not making a payment, and other issues can cause you to lose the rewards.

Credit card reward programs can be enticing, so it’s crucial to evaluate them in detail. For best results, be sure you’re actually benefiting from the rewards and not spending additional money because of the programs.

Go forth and prosper,

CJ