You can take a look at the best shopping rewards credit cards that can save you a lot of money on your shopping expeditions. Shopping rewards credit cards allow you to garner bonus points for every dollar spent using the card. These bonus points can be redeemed later on select purchases or as discounts for select branded merchandise. Frequent shopper reward cards, will also offer cash rebates for milestone expenses, especially during holiday season, ensuring that you save substantially using the rewards cards. This is a particularly profitable way of making one's excellent credit history count.
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Saving Big on Shopping Reward Credit Cards
Shopping reward credit cards will allow you to save in many different ways, especially if you are an ardent shopper who loves to pick gifts for friends and family members wherever you go.
Types of shopping reward cards
There are frequent shopper credit cards that offer extensive discounts and multiple loyalty points for every dollar spent on select brand purchases. These are very useful for those who display considerable brand loyalty over the years and possess credit cards with special tie-ups with brands and retail chains. Another type of shopping reward cards includes those which are not associated with any brand in particular, and will allow you to redeem your loyalty points through discounts on general purchases or as cash back. There are also exclusive credit cards, which will give major rewards for shopping specific designer brands and retail products, allowing you to save a lot if you are a loyal customer.
Types of rewards
There are frequent shopper credit cards, launched during holiday seasons which will give you cash back as substantial as $100 if you are able to hit predetermined milestones like charging your credit card for at least $600 in the first 3 months of using the card. You will come across cards that offer specific product discounts or category discounts like 2 - 5% off on all music and movie DVDs you purchase. Some shopping reward credit cards distribute the rewards based on the brand tie-ups, for example, by giving 1% cash back on all purchases, 3 points on every dollar spent on movies and dining out and 5 points or 5% cash back on specific brand purchases. There are milestone discounts too, wherein you can shop for set targets like $100 and get up to 25% discount at specific brand outlets.
Gift cards and other features
Some shopping reward credit cards will allow you to redeem your points in the form of brand gift cards worth up to $100 that you can give away to friends or family members if you want to. Apart from card protection and fraud liability which is very important for those who swipe their card a lot, there are other membership rewards on a wide array of travel, dining and entertainment options including special passes for select events. Some shopper reward credit cards also offer higher discounts for online purchases from retain chain sites. One has to be aware though that the APR of shopper reward cards and the annual fee, could be higher.