Reward Cards and Unknown Credit Card Deals

There are those credit card companies we are all familiar with. With that simple statement you have already imagined their names, their logos, and for some of you – you have their slogans memorized. Obviously I am referring to the big four: Visa, Master Card, Discover and American Express (in no particular order). However, there are a number of “smaller,” lesser know credit card opportunities that you may be unfamiliar with.

For those that travel often, or often enough, you may have come across some rewards cards. These types of credit cards are normally supported by a larger crediting agency that has partnered with a lesser company or directly with a retailer. This is similar to how Sears developed the Discover card. Diversification is the name of the game and you can use this to your advantage. As an example, Hilton Hotels offers different hotel cards but as David Seaman, host of The DL Show discusses, the Citi Hilton HHonors Visa Signature card contains a number of great rewards.

In the article, 3 Credit Card Deals You Didn’t Know About, David points out that a card carrier can earn 40,000 bonus points after spending $1,000 dollars within the first four month period. In essence, you can accomplish what you need, be it renting a car, a hotel stay, or taking a much needed vacation all while earning points you can use towards the next stay or purchase. This is where card carriers can benefit from the spending they would do no matter what. If you have to travel, get more out of it. If you are in need of improving your credit, why not find a card that will help you get there while rewarding you for doing so. Looking at your expenses for four months it is easy to identify $1,000 of expenses you could place on a card like the Citi Hilton HHonors and pay on while receiving a bonus! It just makes sense!

This isn’t the only type of reward or opportunity. David mentions the Capital One Venture card and the Barclaycard Ring. These are just three of the many different programs available currently. The point of these reward programs is to incentivize consumers who would otherwise see little value in spending through credit. Credit for credit-sake does little to benefit consumers who have established credit or can afford to pay cash out right for everything. These rewards are for those consumers that have a need for their spending and can truly benefit from the offers.

Learn more about the types of credit cards available and the various credit card reward programs on our main pages.