Basics of Credit Card Perks
The first thing to know about credit card perks is, they are ever-changing and always evolving. So you need to KEEP UP with the promotions for each card you have, especially if your card(s) have an annual fee. Second, most banks have different "tiers" of cards, and some can be co-branded , like the cards my wife and I personally use . These tiers represent this post's focus. Most every bank has a basic, no annual fee card . These usually have no perks, though some co-branded cards might come with basic/limited perks like low-tier hotel elite status, point earning bonuses for certain purchases, and interesting redemption/credit offers. By and large, however, if you want to utilize your points and miles for travel on a yearly basis, consider at least a mid-tier or higher card, which will likely represent a better value than a no-fee card which offers no perks – as long as you are only spending what you normally spend and pay off your credit card bill monthly. Mid-tier car...