There are so many credit cards on the market today, it’s hard to find out which one will fit your budget and which one you can really get rewards from. Today, let’s take a look at a card category that many people don’t know about in this falls into the travel genre.
Today I’m going to discuss Hotel rewards credit cards and how they work and how you can take advantage of them. As long as you follow the steps, you will have any problem taking advantage in getting free hotel nights and upgrades. You’ll be able to get all this simply based on the fact that you’re using a card the right way.
Always pay in full — as you know by now that if you’ve ever carried a rewards card, you’re going to have to pay the credit card balance off in full each month. Why is this you might ask? The reason is because every time you don’t pay your balance off all, you’re going to have to pay interest rates. Let’s say for example you spent $ 500 at a hotel last month on your new credit card. Now, let’s say you only paid off $ 300. That left over $ 200 is going to be tacked with interest. Now, if you look at the interest that was applied to the $ 200, you’re going to be paying more for interest than you would for the rewards.
Never overspend — whenever I use my own rewards card, I make sure I use a card at home the places I can benefit from. For example, a card like this can be used at any hotel chain. So, whenever I go to a hotel, I make sure I use this card so that I can get points towards future hotel stays. The reason you’ll want to use it at the hotel is because this is where you are going to get the most points. For example, my hotel credit card gives me six points on every dollar spent at their hotel chain. So, I need 7000 points for a free night at an average hotel.
Make a plan — the reason you’re applying for this card is because you’re going to get free stays in the future. You want to plan for the future and get the hotel stay as soon as you can because some cards have blackout dates or the points may expire. You may find out that you want to use the points and you can’t because the points are anymore because you waited too long. This is why it’s important to look at expiration dates and blackout dates when using the reward programs. I would recommend that you look at a program that never expires.
Hopefully by now you know the lookout for and how you can take advantage to get those free stays. Credit cards aren’t made for everyone if you find yourself abusing these cards; you may want to resort to cash. Start doing your research today and find the card that fits your needs.