{"id":1627,"date":"2020-10-25T10:15:10","date_gmt":"2020-10-25T06:15:10","guid":{"rendered":"https:\/\/moneymall.ae\/credit-blog\/?p=1627"},"modified":"2020-10-25T12:17:00","modified_gmt":"2020-10-25T08:17:00","slug":"best-rewards-credit-card","status":"publish","type":"post","link":"https:\/\/moneymall.ae\/credit-blog\/best-rewards-credit-card\/","title":{"rendered":"How to choose the best Rewards Credit Card?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Depending on what you spend your money on, an appropriate rewards credit card can help you earn extra on your purchases. There are three kinds of rewards programs for different kinds of consumers, and <a href=\"https:\/\/moneymall.ae\/credit-blog\/cash-back-credit-card-vs-rewards-cards\/\">knowing the difference between cash back, points or miles<\/a> will help you choose the appropriate credit card for your lifestyle. But beyond knowing the basics, you should consider a few factors before applying for a new rewards credit card. After all, each new card application adds a hard inquiry to your credit report, whether you are approved for it or not. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this article, we have compiled four points that you need to consider before you <\/span><\/p>\n<h1><span class=\"ez-toc-section\" id=\"apply_for_a_new_rewards_credit_card_so_that_you_know_exactly_how_youll_maximize_its_value%E2%80%A6\"><\/span><span style=\"font-weight: 400;\">apply for a new rewards credit card so that you know exactly how you\u2019ll maximize its value\u2026<\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23374b1ee58\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23374b1ee58\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymall.ae\/credit-blog\/best-rewards-credit-card\/#apply_for_a_new_rewards_credit_card_so_that_you_know_exactly_how_youll_maximize_its_value%E2%80%A6\" >apply for a new rewards credit card so that you know exactly how you\u2019ll maximize its value\u2026<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymall.ae\/credit-blog\/best-rewards-credit-card\/#What_do_you_spend_your_money_on\" >What do you spend your money on?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymall.ae\/credit-blog\/best-rewards-credit-card\/#What_are_your_rewards_options\" >What are your rewards options?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymall.ae\/credit-blog\/best-rewards-credit-card\/#What_is_the_value_of_your_rewards\" >What is the value of your rewards?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/moneymall.ae\/credit-blog\/best-rewards-credit-card\/#What_fees_come_with_these_rewards_credit_cards\" >What fees come with these rewards credit cards?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/moneymall.ae\/credit-blog\/best-rewards-credit-card\/#Citi_rewards_credit_card\" >Citi rewards credit card<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/moneymall.ae\/credit-blog\/best-rewards-credit-card\/#Citi_Rewards_Credit_Card_Product_description\" >Citi Rewards Credit Card Product description<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/moneymall.ae\/credit-blog\/best-rewards-credit-card\/#Rewards_Credit_Card_Main_Benefits\" >Rewards Credit Card Main Benefits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/moneymall.ae\/credit-blog\/best-rewards-credit-card\/#Apply_Now_for_Citi_Rewards_Credit_Card_%E2%80%93_Instant_Application\" >Apply Now for Citi Rewards Credit Card &#8211; Instant Application\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<figure id=\"attachment_1632\" aria-describedby=\"caption-attachment-1632\" style=\"width: 1080px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/moneymall.ae\/credit-blog\/best-rewards-credit-card\/photo-1512418490979-92798cec1380_ixlibrb-1-2\/\" rel=\"attachment wp-att-1632\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1632\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2020\/10\/photo-1512418490979-92798cec1380_ixlibrb-1.2.jpg\" alt=\"\" width=\"1080\" height=\"720\" \/><\/a><figcaption id=\"caption-attachment-1632\" class=\"wp-caption-text\">Rewards Credit Card<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h2><span class=\"ez-toc-section\" id=\"What_do_you_spend_your_money_on\"><\/span><b>What do you spend your money on?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Your first step should be to determine where you spend the most. If you are usually on the road for work, consider a gas rewards credit card. If you plan on eating out with friends or your partner, opt for a card that rewards you for your restaurant spending. During the current pandemic when you may not be going out at all, a card that rewards you for food delivery can really be helpful. There are also numerous reward cards that let you earn in multiple categories.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h2><span class=\"ez-toc-section\" id=\"What_are_your_rewards_options\"><\/span><b>What are your rewards options?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">With most cash back cards, you earn a certain percentage of cash on your spending. The Capital One QuicksilverOne Cash Rewards Credit Card offers an unlimited 1.5% cashback on all your purchases. A number of other cards let you earn points that can be converted into a dollar value. And if your rewards card does not earn you cashback, it most likely rewards you in points or miles. The American Express Gold Card is one example, which offers Membership Rewards points on your purchases. Meanwhile, an airline credit card like the United Explorer Card offers miles for your spending on United products and restaurants and hotels.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h2><span class=\"ez-toc-section\" id=\"What_is_the_value_of_your_rewards\"><\/span><b>What is the value of your rewards?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Because your rewards are worth a specific amount of money, you will want to pay close attention to the card\u2019s redemption rate. The typical value of rewards is around 1 cent per point\/mile. Make sure you are receiving a 1:1 value when you cash in, otherwise you will be leaving cash on the table. To calculate the value, take the cost of what you want to buy and divide it by how many points are needed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some rates will be even higher when points are redeemed a certain way. And likewise, you could potentially devalue the number of your points and miles, too. This is common with gift cards and when you pay with points at online checkouts. Make sure that you check the dollar value of your points before you cash them in. Finally, stay on the lookout for when your rewards hit your account and expire. One big mistake that rewards cardholders often make is waiting either too long or not long enough to redeem and missing out on their earnings.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h2><span class=\"ez-toc-section\" id=\"What_fees_come_with_these_rewards_credit_cards\"><\/span><b>What fees come with these rewards credit cards?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Because rewards cards have a lot of value, they generally come with annual fees and high-interest rates. Some cards can also charge a fee when you redeem your rewards. Make sure you read the fine print on the card\u2019s website before applying. There is usually a \u201cpricing and terms\u201d column as well as an \u201coffer details\u201d column that is worth checking out. In order to deal with the high-interest rates, pay your balance on time and in full every month to avoid being charged interest. If that\u2019s not possible, consider a 0% APR credit card with rewards if you think you\u2019ll have trouble making a full payment the first month or so but still want to earn on your spending.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rewards credit cards present an extraordinary opportunity to earn more on your purchases while also building credit. Before you apply, make sure that you look around for the best card for your spending habits and check your credit score. Most of the best cards require good or excellent credit to qualify. Remember, while charging everything to your card may earn you more rewards, make sure that you only spend what you can pay back in full when your monthly bill comes.<\/span><\/p>\n<hr \/>\n<ul>\n<li>\n<blockquote><p><span style=\"color: #339966;\"><strong>Featured Rewards Credit Card of October&#8217;20<\/strong><\/span><\/p><\/blockquote>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Citi_rewards_credit_card\"><\/span><a href=\"https:\/\/moneymall.ae\/city-bank-credit-card-uae\/#Citi_Rewards_Credit_Card-2\">Citi rewards credit card<\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<blockquote>[epcl_box type=&#8221;success&#8221;]Get 15% cashback for 3 months on all grocery &amp; fuel spend. T&amp;C Apply[\/epcl_box]\n<figure style=\"width: 275px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/moneymall.ae\/apply-now\"><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail\" src=\"https:\/\/moneymall.ae\/wp-content\/uploads\/2019\/10\/image014.png\" alt=\"Citi rewards credit card -October'20\" width=\"275\" height=\"173\" \/><\/a><figcaption class=\"wp-caption-text\">Citi rewards credit card -October&#8217;20<\/figcaption><\/figure><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"Citi_Rewards_Credit_Card_Product_description\"><\/span><strong>Citi Rewards Credit Card Product description<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>With the Citi Rewards Credit Card, you can convert your spend into cash rebate, shopping vouchers and much more. Get &#8216;But 1 Get 1 free&#8217; movie tickets at Vox cinemas and instant cash loan at a click of a button with the Quick cash facility.<\/p>\n<ol>\n<li>You require a minimum salary of AED 8,000 per month to be eligible for this card<\/li>\n<li>No annual fee in year 1. From year 2, the annual fee is waived unless the annual spend is below AED 9,000, in which case a fee of AED 300 will apply<\/li>\n<li>Monthly interest rate is 3.25% of the outstanding account balance with up to a 52 day interest-free period.<\/li>\n<li>The foreign currency rate applicable on overseas transactions is 2.99% per month<\/li>\n<li>Balance transfer at 0% rate of interest for 6 monthly instalments. One time processing fee of only 3% of the BT amount. No pre-closure fee. 6months to 48 months Balance Transfer plans also available.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Rewards_Credit_Card_Main_Benefits\"><\/span><strong>Rewards Credit Card Main Benefits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>Earn up to 1.5 Thank You points per USD &amp; convert your spend into cash rebate or shopping vouchers<\/li>\n<li>Pay with points for your purchases via SMS or online<\/li>\n<li>\u00a0Unlimited access to 1000+ airport lounges worldwide for each cardholder<\/li>\n<li>\u2018buy-one, get-one\u2019 complimentary movie tickets with VOX cinemas<\/li>\n<li>Quick Cash: instant cash at a click of a button<\/li>\n<li>PayLite: turn any big purchases into small payments<\/li>\n<li>Citi World Privileges: Enjoy travel, dining and entertainment discounts locally and across 95 countries<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Apply_Now_for_Citi_Rewards_Credit_Card_%E2%80%93_Instant_Application\"><\/span><span style=\"text-decoration: underline;\"><span style=\"color: #0000ff; text-decoration: underline;\">Apply Now for Citi Rewards Credit Card &#8211; Instant Application\u00a0<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><code><\/code><\/p>\n<div class=\"cognito\"><script src=\"https:\/\/www.cognitoforms.com\/s\/qWaAkeW7D0SK_NYW418FaQ\"><\/script><br \/>\n<script>Cognito.load(\"forms\", { id: \"11\" });<\/script><\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Depending on what you spend your money on, an appropriate rewards credit card can help you earn extra on your [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2],"tags":[44,426,47],"class_list":["post-1627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-cards","tag-cash-back","tag-reward-points","tag-rewards-credit-cards"],"_links":{"self":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/comments?post=1627"}],"version-history":[{"count":7,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1627\/revisions"}],"predecessor-version":[{"id":1636,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1627\/revisions\/1636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media\/1628"}],"wp:attachment":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media?parent=1627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/categories?post=1627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/tags?post=1627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}