See if one of these 3 rewards card categories is right for you.
With Black Friday, Cyber Monday and holiday travel right around the corner, now may be a great time to consider a rewards credit card. But just like finding that perfect gift or flight can be stressful, so can finding the right card.
Before you start spending, earning and redeeming, though, keep in mind rewards cards are usually best for those who pay their credit card bills every month, in full. That's because, if you carry a balance, the value of the rewards you'd earn by spending with the card is almost always less than the extra amount you'd have to pay to finance that spending. So be honest with yourself about how a rewards card might fit your financial situation.
Assuming you're a good candidate for a rewards card, here are 3 categories to help you sort out your options:
Whether you’re shopping up a storm or trying to avoid one while traveling, certain types of credit cards can be very rewarding, not just during the holiday season, but also year-round!
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What You Need to Know:
There are various types of credit scores, and lenders use a variety of different types of credit scores to make lending decisions. The credit score you receive is based on the VantageScore 3.0 model and may not be the credit score model used by your lender.
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