Credit Card Rewards

Close to 25% of all credit cards offer rewards. Rewards are frequently in the form of cash rebates, airline mileage or points toward merchandise.

The key to taking advantage of these types of cards is to pay off the balance in full every month. Otherwise, you may be paying more in interest than the gain received is worth.

Additionally, this is important because reward credit cards frequently have higher interest rates than other types of credit cards.

The most popular type of reward credit card is cash back. Some of the best are Citibank Dividend Platinum, AmEx CostCo Rebate Card and Blue Cash Am Ex.

Also, be sure to fully understand your card because some require carrying a balance, many have annual fees and some have limits to the amount of reward that can be earned.