Credit card companies sometimes offer rewards programmes to attract customers. By using their credit cards you can earn something for spending money you would have spent anyway. And on the surface that sounds really attractive and might make you willing to pay a higher annual fee for access to the rewards programme. But have you ever figured out how much those rewards points are really worth?

Let’s take a look at two specific rewards cards, how much you have to spend to earn each rewards point, and how much each point is ultimately worth when you redeem it. This will give you a better idea of whether or not you’re getting your money’s worth with your own rewards cards. read more..

Rewards cards — you get something extra for spending, but are those rewards points actually costing you more than they’re worth? Today we’ll take a look at five ways rewards cards might be costing you too much money, or at least so much that the rewards you earn can’t justify it. Let’s look at how you can make sure you’re not turning that “something extra” into nothing at all.

Here are five things you can do to make sure your rewards credit cards aren’t costing you more than they’re worth. read more..

You’ve probably seen fuel credit cards before — ones offering you a discount on petrol purchases if you pay using their credit card. They’re often tied to a specific brand of fuel, like Citibank’s BP credit card. Fuel savings are certainly appealing. But are the deals really worth signing up for a new credit card?

Let’s take a look at both some of the positive and negative sides of fuel credit cards, to help you decide if getting one is the right option for you. read more..

A new survey released by Citibank reveals that credit card rewards programs may not be worthwhile for many customers.

The report found 40 per cent of credit card users used their credit card despite having cash on hand, solely to earn reward points. Furthermore, 20 per cent of credit card users preferred not to redeem their points. The report also discovered cardholders are not utilising other discounts and privileges inherent with their credit cards. read more..

Have you decided that your next credit card should be a rewards card so you can earn a little “something extra” for being a loyal credit card user? Before you run out and apply for a rewards card that looks to be leaps and bounds ahead of the rest, you need to understand something. All rewards points are not created equal. read more..