New York, NY (PRWEB) March 19, 2013
DailyMarkets.com, a leading US personal finance website that helps people save smarter and invest smarter, today announced the winners of its 2013 Best Credit Card Rewards section.
These top-rated rewards credit cards have been selected according to different categories depending on several factors such as signing bonuses, pace of reward accumulation, types of rewards, introductory annual percentage rate and so on.
Rewards credit cards allow consumers to earn rewards in points, miles or cash back for each dollar they spend on purchases, regardless of the amount of money they spend on their card. Many rewards cards also offer additional bonus points, miles or cash back when people make a certain amount of purchases within the first few months and some cards even give bonus points when consumers spend a certain amount each year on their card.
“Consumers will be spoilt for choice when it comes to choosing the best rewards credit card in 2013. Some banks are offering a sign-up bonus when you make your first purchase with your rewards card or when you spend a certain amount within the first few months,” says Grace Cheng, founder and CEO of DailyMarkets.com. “One of the best rewards credit cards we found gives you 40,000 bonus points as a signing promotion, which is redeemable for 2 free flights.”
Credit cards that offer rewards are excellent for people who like earning rewards and who usually pay off their balance in full every month so as to avoid paying high interest rates on their purchases. Many of these cards also give cardholders additional perks for having the card, and most points, cash back and miles earned with rewards cards can be redeemed for statement credit, gift cards, merchandise, travel purchases and much more.
“Rewards credit cards are some of the best cards for those of you with good to excellent credit scores, as you’ll receive rewards on all your spending, which will help you save money on your purchases,” says Grace Cheng. “If you like earning rewards on your spending and have the habit of paying off your balance on time, you should consider getting a rewards credit card so that you can save even more money and enjoy additional perks when going about your shopping.”
There are many different types of credit card rewards. In this 2013 Best Credit Card Rewards list, DailyMarkets.com has grouped rewards into many categories, ranging from cash rewards to travel rewards. Here is a list of the different credit card rewards categories.
Cash back credit cards. These are cards that give consumers cash back rewards on all their purchases. Many of these cards offer up to 5% cash back bonus on purchases made on quarterly rotating categories, as well as bonus points when signing up for the card.
Travel credit cards affiliated to a specific hotel or airline. These cards give people points or miles for each dollar they spend on their everyday purchases as well as additional points when they make purchases at specific airlines or hotels around the world. One of these airline cards offers 30,000 bonus miles within the first 3 months and one of the hotel cards offers up to 6 points per dollar spent at their line of hotels.
Non-specific travel rewards cards. These cards aren’t affiliated with a specific airline or hotel chain. One of the main cards in this category offers 2 miles for every dollar cardholders spend on this card.
Business credit cards with rewards. These cards cater to the needs of business owners and will appeal to those who want to earn rewards on their business purchases. Some of these cards offer up to 5% cash back on office supply purchases, and most cards also offer a year-end report on the company’s spending.
0% balance transfer cards with rewards. These are cards that offer an introductory 0% APR period when consumers transfer a balance to this card. One of these cards offers 18 whole months of 0% introductory APR.
Credit cards for excellent credit. People with excellent credit have the advantage of earning better rewards than people with average credit, such as access to special events, luxury benefits or additional travel and shopping rewards. One of these cards offers free access to airport lounges around the world as well as a $200 statement credit every year.
A ranking of the best credit cards in the market can also be found in the Best Credit Cards section on DailyMarkets.com where they can see a list of the best cards, along with their star-rating, a link to a detailed review of the card done by DailyMarkets.com’s staff writers, and a direct link to the card issuer’s website where consumers may apply for the card on the spot.
DailyMarkets.com is a consumer finance site founded in 2008 by Grace Cheng who was named as one of the ‘new kids in cyberspace’ by Financial Times in 2007. With its unique access to banks’ databases, DailyMarkets.com is dedicated to helping consumers compare insurance rates, lowest mortgage rates, cheap car insurance, best credit cards and other financial products. Its comprehensive credit card section is perfect for consumers to browse through the different categories of credit card offers such as 0% balance transfer cards, rewards credit cards, business credit cards, and many. You can also check out DailyMarkets.com's list of Best Credit Cards 2013. For more information, visit DailyMarkets.com.