Are You Really Getting What You Pay for?

Are You Really Getting What You Pay for?

If you are a new customer of a credit card then you might have seen many advertisements in which the company provides great offers. You also have a very good reason to use it because the offers will give you additional benefits like cashback and reward points.

However, this is not the only reason to use it, but it’s also important for you to check if the offers you are getting are real and worth the money that you will spend.

In this blog, I will be explaining some of the factors to consider when choosing a credit card.

What is a reward point?

This is one of the most important aspects to check before choosing a credit card. If a card doesn’t offer any rewards then it doesn’t matter how good its terms and conditions are.

There are many companies offering rewards, and you have to choose carefully because not all offer great benefits. Some provide rewards only if you spend more than certain amount of money.

For example, some reward points cards may offer you 5% cashback or up to 100 reward points in case you spend a particular amount each month. You can redeem the points for airline tickets, hotel stays, gift cards and much more.

But as I said, it depends on the credit card you are choosing. In fact, there are different types of reward point cards such as cashback reward points, miles reward points, no annual fee reward points and many more.

You need to check for each one of these cards and decide which one will fit your requirements.

Annual fees

If a credit card has an annual fee, then it means that you will have to pay the fee every year, even if you have not used the card for that specific year. It can be a major headache if you don’t have enough funds at hand to pay this fee.

Some of the companies will charge you extra money for their rewards programs as well. However, you need to know how much you are going to earn if you choose a reward card.

So, choose one which has a great rewards program and offers free bonuses for you.

Interest rates

One of the most important aspects to consider while choosing a credit card is the interest rate. Most of the cards will have a fixed rate, but some of them will have variable ones.

The variable ones will change according to the current market conditions, so you need to choose one that will suit your needs and budget the best way possible.

Choosing a credit card is something very simple; however, if you don’t select it properly, you may end up losing your hard earned money. So, I would recommend you to go through this blog first to get a better idea about it.

Also read this Applying for a Credit Card – Is It Worth It?


It doesn’t matter what type of rewards you are getting, but you have to make sure it is worth it before making any transaction with it. Some credit cards may charge extra fees for their rewards programs while others offer rewards which may not worth the amount.

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