From Money Save Money

Use a reward credit cards on your purchase & earn reward points to save money.

Posted in: Financial News
By
Aug 2, 2010 - 1:01:31 AM

reward_amex.jpg
Banks offer many kinds of reward card to get a long term relationship between their clients. If you have a good credit score, you can switch your visa card to get the reward point visa cards. Banks are using member ship rewards points for the clients, who can able to keep client relationship.Reward credit card booming is creating goodwill with clients.Rewards programs has two different ways to get your point one Membership Rewards, next one is ability to instantly transfer points to Aeroplan1 point = 1 Aero plan. For example American express reward credit card start redeeming travel rewards with as few as 7,500 points, good for a $100 statement credit on any travel purchase. It is worth up to 33% more than points on most other travel rewards cards.

Points can only be redeemed in the form of a statement credit on eligible travel purchases, which are purchases at airlines, hotels, car rental companies, cruise lines, travel agencies, tour operators, and online travel sites billed to your account and submitted by the merchant using the proper industry, merchant, or products. Reward card redemption requests must be made within 60 days from the closing date shown on the billing statement on which the travel purchase first appears. Points may only be redeemed in increments of 7,500. Each 7,500-point increment is equal to a statement credit of up to $100, up to the amount of the eligible travel purchase. American Express, you can redeem your travel rewards without worrying about seat restrictions or blackout dates. and, earning points is a breeze you earn one point for virtually every dollar you spend on your Card.

The Rewards program makes it easy to earn points and save money on business or personal travel. Just use your RBC Visa Business Platinum Avion card for everyday purchases and for every $1 you spend on your card you’ll earn 1 RBC Rewards point. Plus, apply by September 30, 2010 and they'll give you 15,000 bonus RBC Rewards points upon enrolment on your first business card. CIBC bank has two travel cards, Aerogold Visa Infinite and Aventura Visa Infinite, are available with 15,000 bonus points for signing up. It is enough to receive you a short flight using Aeroplan rewards. Scotia bank doesn’t have a major power in travel reward cards, but Scotia Gold Passport Visa is worthy one. The annual fee, at $110, is $10 cheaper than most competitors and the benefits include collision damage insurance for car rentals and travel emergency medical insurance. If you pay for travel with the card, you get a 5% cash rebate. BMO’ bank introduce you a new card is the World Elite MasterCard, which ups the premium travel card annual fee $150 annually from a more typical $120. World Elite is one of those travel reward cards where your points can be used for a variety of rewards flights, spa retreats, contributions to registered retirement accounts or charitable donations.

 


© Copyright 2012 by Money Save Money