Advantages of Credit Cards
Best airline miles credit cards
Signup bonus credit cards
Best cash back credit card

 

Advantages of Credit Cards

 

A credit card allows you to pay on the spot without having to carry cash. Let’s face it, if you are making a big purchase you don’t want to carry cash around. Even if you have a small purchase a credit card can be helpful. And in today’s age of online shopping a credit card is almost a must-have. A credit card basically gives you a loan on the spot to cover the cost of your purchase. As long as you pay your balance in full then there are no fees.

 

 

Build Credit History
Using a credit card properly can go a long ways to building up your credit history which in turn will build up your credit score. Think about it – by using your credit card you may be making future purchases cheaper! The better your credit score the lower the interest you will be charged on loans such as a car purchase or a home mortgage.

 

 

 

 

Easy To Pay Off
Paying off a credit card is easy. All you need is to set up a bank account to transfer funds from. You don’t even have to wait for your monthly bill. Back in the day you had to write out a check usually. If you have a credit card where you have your checking you might even be able to pay at an ATM or with an easy account transfer.

0% Interest Rate Offers
If you keep an eye out you can find 0% interest credit cards. Why open another credit card? Credit card arbitrage! You can take advantage of the 0% and earn money. Say you open a 0% interest credit card, when you make purchases pay the minimum when the bill is due. Take the balance of the payment and put it into a high yield savings account. You get to earn interest on what would otherwise be spent money. Just make sure to pay your credit card bills on time, and pay the entire balance before the 0% interest rate ends, otherwise you pay interest on the entire balance you had.

Rewards Points or Cash Back
Many credit cards offer either rewards points or cash back (or both). Not that you should go out of your way to use your credit card, but having the benefit of rewards points or cash back is a nice bonus. We’ve used rewards points to get a number of gift certificates for different retailers. These days, you can get anywhere from 1% to 5% cash back on purchases.

 

For a limited time - as of January 2012 You can earn 45,000 American Airlines AAdvantage® bonus miles after making $2,500 in purchases within 4 months of becoming a Citi® / AAdvantage® credit cardmember. Plus, as a special offer, get the card and you'll also receive two Admirals Club® One-Day passes to enjoy.

 

 

Best airline miles credit cards

There are a few cards that offer airline miles such as: Citi AAdvantage American Airlines card, CapitalOne Venture card, British Airways Visa Signature Card, Southwest Airlines Rapid Rewards Premier Credit Card, Gold Delta Skymiles card from American Express.

 

 

 

Highest bonus points credit cards

There are a handful of credit cards that offer a sign-up bonus. Either in a form of miles or cold hard cash. You usually get the reward after spending a certain amount of money within a specifid time period. But when you use your credit card right - groceries, gas, bills, etc, the rewards time period is not hard to achieve. Below are some of the best bonus credit cards.

 

 

 

 

 

 

Best cash back credit card

With the fees that credit card companies charge merchants, its nice they offer a portion back to consumers in a form of cash back rewards. There are at least a dozen of cash back credit cards out there. Some with membership fees, some without, some with low and high interest rates. Below are some of the best deals for cash back rewards.