3 Things to Consider Before Signing Up for a Rewards Card

When signing up for a credit card, there are a number of factors you may be thinking about. Interest rates, annual fees and penalties are some common components you can look into when deciding to sing up for a credit card. A rewards program can also be another aspect of a credit card that catches your eye.

A credit card rewards program can offer you a few perks for being a reliable user, including cash back or a gift card for gas. But before you jump at the chance to sign up for one of these cards, be sure to investigate what each card entails so you can use it to its full advantage.

Lifestyle
Before you sign up for any rewards card, it is important to pick a card that goes well with your lifestyle. If you don't take may airline trips, an airline rewards card may not be well suited for you. But if you drive to work and find yourself at the pump frequently, a gas rewards card may be right up your alley. You can even choose a cash-back card which can give you a monetary reward.

Read the fine print
Every card is different, so be sure to go over the fine print of the contract before you sign anything. Some cards may require you to pay off the balance before you are able to collect your rewards, while others may cap the amount of rewards you are able to receive.

Bonus options
As you are combing through the fine print of your rewards card contract, be sure to look out for bonus opportunities. Bonus opportunities are sometimes available when you sign up for a card or can be enacted if you have had the card for an extended length of time. Many credit providers can offer bonuses, but be sure to know what you are getting into before you jump at this opportunity. Some providers may require you to spend a certain amount of money within the first few months of signing up in order to qualify for the bonuses. Not every card is like this, but keeping your eyes peeled while reading the contract can help you find some great bonuses.