Consumer credit has become so rampant in this modern era that people are using credit cards for purchases as low as a dollar, and are often times financing that pack of bubble gum over the next thirty years. Some people do pay off their credit card every month though. If you are going to use a credit card, you had misewell get a credit card with a very good rewards program. Don’t fool your self into thinking that this is the way to wealth. You won’t find any millionaire who tells you that they made their millions with frequent flier miles or rewards points, but credit card reward programs are a nice way to get some cash back on your everyday purchases. Here is a round up of some consumer credit cards which have very nice rewards programs.

Citibank offers its Dividend Platinum Select Mastercard. With this card you will earn 2% cash back on purchases made at supermarkets, gas stations, drugstores, convenience stores, and on your utility bill. You’ll earn 1% cash back on all other purchases, and earn 1% cash back on cash advances and convenience checks. Card users will receive $5 in Dividend Dollars for each balance transfer of $1500 or more. Card users will also get 5% back on purchases made through the Citi Dividend Merchant Network.

American Express offers a card they call Blue Cash, which can be very rewarding if you spend a lot of money on a regular basis. This card earns a .5% cash rebate for purchases up to $6,500 annually and 1.5% over $6,500 annually. If you spend over $6,500 annually, you’ll make a whopping 5% at drug stores, gas stations and super markets.

Discover’s offering is its Platinum card. You’ll earn .25% for every dollar up to $1,500, .5% for every dollar between $1500 and $3,000, and 1% for anything over $3,000. Rewards are redeemable in increments of $20 and you will earn 5% cash back at participating retailers in the Cashback Bonus reward program.

Bank of America offers a Visa card which they refer to as the Financial Rewards Platinum Plus. You’ll receive $1 in rewards for every $100 in net purchases you make each billing cycle. Points are redeemable in 25 point increments which can be used for cash back checks, direct deposits to a bank of America savings accounts, or reductions on the cardholder’s APR.

There are a few different opportunities that you can encounter. This isn’t a great option for everyone though, if you are frugal and make very few purchases, it’s probably not worth you time. If you plan on applying for a loan in the near future, and you are applying for all sorts of credit cards, chances are you’ll hurt your credit temporarily.

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