One of the best perks of many credit cards is the points or miles you can accumulate with every purchase. Who doesn’t like a free trip now and then?
The credit card companies that offer these rewards hope you’ll “spend more to get more.” Most people make every effort to pay off their balance each month to avoid hefty interest fees. But when spending gets out of hand, and you begin to carry a balance, the high-interest rates kick in. This is not good for you but it’s exactly what the credit card companies were hoping would happen!
The differences between credit card travel reward programs can be hard to interpret. But the more information you have, the better you’ll be able to judge which credit cards are best for you—and the closer you’ll get to that free trip! Here are some of the best programs based on research by financial experts.