Rewards credit cards are a fantastic tool for you to make each dollar you spend on purchases go further. While each rewards credit card is different in terms of the way it works as well as how rewarding it potentially can be, rewards credit cards are designed to let users like you and I earn rewards points, miles or cash back that we can use later down the road once we have accumulated enough of the said points, miles or cash back.

Some rewards credit cards are ideal for those who primarily travel and dine out while others may offer a flat rate rewards on every purchase you make with the credit card or even a tiered rewards rate depending on the type of purchases you make with the credit card. In general, credit cards that offer lots of rewards and perks are reserved for people with excellent or good credit.

Besides scrutinizing the fine print to learn how you can maximize your rewards and milk the most benefits out of your credit card having taken into consideration things like annual fee, how much you typically spend every month hence the rewards you can potentially earn, new cardmember offers etc, it is crucial that you make it a point to always pay your credit card bill in full before its due date to avoid extra fees and charges. Late fees and interest charges on your credit card balance can easily snowball and wreak havoc on your finances, in addition to eroding the value of your credit card rewards.

No matter what type of rewards credit card you have or are considering, it is important that you are aware of what your credit card has to offer, including any additional perks or benefits. The best way to do so is to sign up for marketing materials from your credit card issuer so you stay updated regarding new perks and benefits. Otherwise, you may also run quick checks online every now and then to see if there are any additional perks your credit card is offering.

Denise Bay is a staff writer at Email: