4.4 learning

Credit Card rewards

1 CE

Travel cards often charge annual fees, But the perks that come with many airline cards expedited security clearance, priority boarding, free checked luggage, and access to airport lounges can make up for the fee. Maximizing rewards If you have a basic cash-back card, rewards should be straightforward. Spending in some categories, such as gas, might earn the maximum rewards only up to a certain amount, after which the percentage rewards are lower.

Confusing deals

1 CE

Here’s what to watch for: Spending tiers. Some rewards cards require you to spend a certain amount to get the advertised perks. Hidden caps. Some cards, including some gas cards
Expiration dates. Check for them on rewards, especially with travel cards, because it often takes a long time to get enough points for a ticket.
Missed-payment penalties. Some cards take away your month’s rewards if you miss a payment, and they might charge a fee to
get them back.
Changes in terms. Avoid surprises