Credit cards are a big part of American life and culture, and newcomers from other countries may have some difficulty sorting out how to use them and what may be best for your particular situation. If you’re looking at credit cards in your new home country, rewards are essential.
Granted, if you’re new to the country, you may have some difficulty finding a credit card that you can get based on your credit score in your original home country. But, if you are looking at cards that give you that option during the application process, here are some of the rewards you could expect to find.
Money Back on a Future Bill
There are some companies that will allow you to get cash back on your credit card. So, say that you buy something like gas on your credit card – you may get 1% or more back as a reduction on a future payment. You will typically get information about that money back on future bills that you get from the company.
That rebate can help you to lower your monthly payments (even if it’s only by a few dollars) and assist you if you’re looking to keep your spending under control. On top of that, you may also be able to save up the rebates and use them all at the same time so that you can skip a payment, if you want or need to do so.
Other cards are going to provide you with some sort of reward points system. Every time that you use the card and/or make a payment on it, you will get a certain amount of points. These systems are often pretty lucrative, because they will frequently offer bonus points and other such things. If you are able to get bonus points while buying things you’d normally buy, it’s going to be even better!
The great thing about these sorts of systems is the fact that they have a wide array of options that you can redeem those points for. It could be anything from gift cards, to particular items, and even free card rentals and other such travel discounts. Reward points are probably the most flexible option of all, because they typically encompass all of the other types of rewards that you may get from other cards.
In some cases, credit cards will work in conjunction with other companies in order to provide you with discounts if you’re using their card at that particular store. For example, you can get cards that will give you a discount on groceries or at a department store that you go to. You may only get 5% off of your purchase, but that’s still a nice little bonus that you can get!
Mileage for Travel
One of the most popular options that you’ll find is mileage for any sort of travel that you’re doing. While these rewards are typically meant for flight miles (which can be turned in for plane tickets and such), you may also be able to find programs where you can use your mileage in order to take a train trip or enjoy a bus tour.
In other instances, you may be able to get discounts on car rentals – you just need to be sure that you look at the terms. Your credit card company can typically give you a pretty solid idea of what may be included and how you may want to use those miles in the future, as well.
No matter what type of reward card that you may get, be sure that you know the stipulations of the rewards in question. For example, do you need to make all your payments on time? Is there a minimum threshold you have to pay in order to get bonuses? What do you need to know before you go out there and start using the credit card in question?
Do research at sites like Nova Credit and see what you can find for yourself. There are so many different options for credit cards that you’re sure to find something that is going to be helpful and ensure that you’ve got everything that you want from a card. Look online, ask the pros, and see what you can get your hands on. It’ll benefit you and what you’re trying to achieve upon moving here to the United States.