A New Cash Back Credit Card for the New Year?

We often make goals for New Year like we would not eat too much of sweet, or want to loose weight or may be other things which we might only want to do rather then saying it. But one important thing that every one should follow for the New Year is that you must re-evaluate your credit cards.

In 2010 there were various credit cards with different offers which came in the market. Many of the present credit card companies changed their reward programs. So it is important for you to evaluate these credit cards how they work.

The biggest changes that we had in 2010 as far as the credit card rewards are concerned:

The Chase Sapphire card is launched

The premium rewards credit card that is advertised for the upper middle-class households are called Chase Sapphire card. There is no annual fee on the regular version card and gives you point that could be utilize for buying airline tickets any time. However the Chase Sapphire card does have an annual fee, but there are benefits and higher points are given to you.

AmEx introduces the “Premier” Gold card

For decades people has been using AMEX gold card, it also carries an annual fee of $125 and offers you various range of benefits. People wanting to spend an extra amount of $50 they can enjoy the premier version of the Gold card, now this premier gold card offers you higher rewards in comparison to gold card.

The Citi Forward card cements itself as the best for restaurants

There were another point gathering card which was introduced well known for its 5x points on restaurants and fast food known as Citi Forward Card. Well there were reward program competition on credit cards in 2010, which had perished till date; however the only card to survive and provide 5x points on these categories is Citi Forward credit card.

To give you unlimited 3% cash back on your top three categories of spending and one of the most popular cash back credit card in the market is the Chase Freedom Credit card. However in 2010 they changed their tariff by 2% that means they would be giving 5% of cash back on categories that rotate every quarter.

Conclusion?

During 2010 the credit card rewards scene changed tremendously. Make sure you familiarize yourself with the new reward cards, as well as those which have changed their programs.

Tags: Cash Back Credit Card, Credit Card