Credit card companies: the rewards, promos and services that make the difference
With so many credit card companies offering credit cards, the consumer market for credit cards has become one tough cookie to crack. To stay competitive, credit card companies offer various extra services, rewards programs and promos that would lure consumers to sign up with their company.
Rewards program
Most credit cards have a some sort of rewards program running. Rewards program in credit cards basically follow one set of principle. The more you spend and the more you see your credit card, the more points you will get. Often, there is a standard equivalent for every amount spent. For instance, one point is given for every, let’s say, 10 dollars purchase.
The points can be accumulated and later exchanged for a product or cash, whichever is being offered. Some banks even send out catalogs where their clients can see just what is being offered in exchange for their points. Some credit card companies even allow for half points-half cash scheme provided that it will be charged to the account.
Rewards program is actually a great and effective way not only...
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