What are rewards programs?

Rewards programs are one of the best parts of many credit cards, as they sometimes repay the card user for his or her patronage.

There are different types of credit cards on offer with different types of rewards programs. There are the traditional points-based rewards systems, there are branded credit cards, cards that offer instant rewards, and cash back credit cards. They’re all rewards cards, but they can be quite different in the way the programs function.
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Free insurance on credit cards

Free insurance is offered on a credit card through a number of ways. It is seen as quite an effective way to get new customers for some cards.
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What is a platinum credit card?

A platinum credit card is a so called prestige credit card.  It is aimed at having an exclusive reputation and the claim of many providers is that it is “beyond gold”.

Gold cards were originally offered in the 1960s as a way of attracting and retaining the top credit card customers.  They were offered a superior level of service in return for higher annual fees and interest rates.  The cards were invitation only and were only open to people who had a very good credit rating and high income. Read the rest of this entry »

What are custom reward programs?

Custom reward programs are reward programs are aimed at prestige credit card users.  As these users tend to accrue a large number of reward points they tend to find it hard to spend these points.   Read the rest of this entry »