Previously we discussed things to consider when comparing balance transfer credit cards. Let’s pick up the series this week by looking at considerations when comparing a different group of credit cards: rewards credit cards.

Rewards are one reason credit cards are so popular. After all, who wouldn’t like getting paid (or getting merchandise, or getting travel perks) just for spending the money they would have spent anyway? Rewards cards are great for giving something back when you use them. How do you choose the right rewards card for you though?
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Do you love your rewards credit card? Does it make you feel good to know that you’re earning something or essentially getting paid just to spend money you would spend anyway? Do you have a favourite type of rewards programme? Are the rewards you earn really worth it?

Let’s look at some common types of rewards you can earn when using rewards credit cards, and try to figure out which rewards are worth trying to accumulate and which ones might be less so.
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The alliance between Woolworths Everyday Rewards credit card and Qantas, live since June, has encouraged a shift in loyalty toward Australia’s national airline, according to the numbers now available.

Of the 4.2 million Woolworths Everyday Rewards cards active, 1.7 million of them have been linked to the Qantas frequent flyer program, 700,000 new members have joined the airline’s loyalty program through their Woolies account, and 200,000 flights have already been taken. read more..

You love to earn rewards points when you use your credit card. Maybe you wish you could earn more of those points. To do that though, it means you have to spend more money! Or does it? Did you know that your rewards credit card might give you an opportunity to earn extra rewards points just for shopping at partner companies? Did you know that other credit card companies offer up to several thousand bonus points just for choosing their card? read more..

You’ve spent a year or so racking up frequent flyer points on your rewards card. You know you can redeem them towards travel plans, but what if you don’t plan to travel soon and if your credit card company lets points expire after a certain period of time? It might be a “use it or lose it” situation. No need to worry. Whether or not you plan to travel, or if you have enough points for a full plane ticket, you can likely put your frequent flyer points to good use.

Here are some of the things you might be able to get when you redeem your accumulated frequent flyer points: read more..