Credit Cards with Unique Rewards
Friday, February 15th, 2008We all know about cash back credit cards and credit cards that give us rewards such as gift certificates to our favorite restaurants. However, these aren’t the only kinds of credit cards that offer rewards. In fact, there are some credit cards out there that offer really unique rewards programs that might be right for certain types of consumers. By researching the unique credit cards that are out there, you might be able to find a way to really get something in return for using your cards.
Here are some examples of credit cards that have unique rewards:
• College savings account cards. These credit cards allow you to accumulate your rewards and turn them into dollars that go into a savings account for your children’s college education. What better benefit can a parent get from a credit card than ongoing assistance with their child’s tuition? The drawback of these cards is that they often require you to shop at certain retailers and to set up a Section 529 college savings plans. However, parents who are serious about saving money for their kids’ education can find these cards to be a great benefit.
• Charity rewards. There are an increasing number of credit cards that take your “rewards” and donate them in cash form to a variety of charities. If you never use your credit card rewards anyway, this can be a great way to give back to the community around you. In some cases, these donations can even be used as a tax deduction. You’ll have to work with a tax planner to make sure that the cards you choose work this way but it’s a great way to get something and give something at the same time.
• Gas rebate cards. Although these are getting more and more popular, many people don’t realize that gas rebate cards are out there. These are rewards cards that specifically give you money back to pay for your fuel. Since the cost of filling up at the gas station just keeps going up, these cards are going to get more attention in the months to come. You can start reaping the benefits before others by looking into them now.
Credit cards are starting to get more and more personalized. It’s easier than ever before to tailor a cards benefits and rewards to suit your lifestyle. By choosing credit cards that provide the rewards that make the most sense to you, you can really leverage the way that you get something back from your credit card company.
