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Points credit cards
The benefits of points credit cards
Credit cards that offer points are one of the many types of credit card reward offerings. Points-based credit cards offer opportunities to earn rewards at many merchants and offer numerous redemption options.
Points credit cards can offer some of the following benefits:
- Travel rewards: Many points credit cards offer travel rewards, such as airline miles or hotel points. These points can be redeemed for flights, hotel stays, or other travel expenses.
- Merchant rewards: Some points credit cards offer merchant rewards, such as points for gas purchases or grocery store purchases. These points can be redeemed for merchandise, gift cards, or other rewards.
- Status benefits: Some points credit cards offer status benefits, such as free upgrades or early boarding. These benefits can make your travel experience more enjoyable.
- Cash back: This is the most common type of points reward. You can redeem your points for a statement credit, which can save you money on your monthly bill.
How to choose a points-based credit card
There are many different points credit cards available, so it's important to choose one that's right for you. Here are a few things to consider when choosing a points-based credit card:
- Your spending habits: What are your typical monthly expenses? Choose a card that offers rewards for the categories where you spend the most money. If you spend in multiple categories look for a card that offers a wide variety of benefits on everyday spending like the U.S. Bank Altitude® Go Visa Signature® Card.
- Your travel goals: If you're a frequent traveler, look for a card that offers travel rewards like the U.S. Bank Altitude® Connect Visa Signature® Card. You'll want to consider the type of travel rewards you want, such as airline miles or hotel points.
- Your budget: Points-based credit cards can come with annual fees. Choose a card that fits your budget and offers benefits that you'll actually use.
How to use points credit cards effectively
To use points credit cards effectively, there are a few things you can do:
- Set a budget: Before you start using a points credit card, set a budget for your monthly spending. This will help you avoid overspending and accumulating debt.
- Pay your bill on time: This is the most important thing you can do to build your credit history. Make sure to pay your bill in full and on time each month.
- Maximize your rewards: Many points-based credit cards offer bonus rewards for spending in certain categories. Be sure to take advantage of these bonus rewards to earn more points.
- Redeem your points wisely: There are many different ways to redeem your points. Choose a redemption method that's right for you and that will give you the most value for your points.
Here are some additional tips for using points credit cards effectively:
- Read the fine print: Before you sign up for a points-based credit card, be sure to read the fine print. This will help you understand the terms and conditions of the card, such as the annual fee, the rewards program, and the redemption policies.
- Compare different cards: There are many different points-based credit cards available, so it's important to compare different cards before you choose one. This will help you find the card that offers the best rewards for your spending habits and travel goals.
- Be patient: It takes time to earn enough points to redeem for certain types of rewards.
Points credit cards can be a great way to save money and earn rewards. By choosing the right card and using it wisely, you can get the most out of your points and enjoy the benefits of points-based credit cards.
U.S. Bank offers a selection of points credit cards
U.S. Bank Altitude® Go Visa Signature® Card
U.S. Bank Altitude® Connect Visa Signature® Card
U.S. Bank Altitude® Reserve Visa Infinite® Card