Make the points add up: if used strategically, rewards points programs from your favorite credit cards can lead to substantial savings on airline tickets, hotels, and fine dining.DAVID KNIGHT David Knight may refer to:
n. One who travels often by air, especially on one airline. fre  quent-fli program, the points he accumulated each year were enough for three to
four round-trip tickets Noun 1. round-trip ticket - a ticket to a place and back (usually over the same route)return ticket ticket - a commercial document showing that the holder is entitled to something (as to ride on public transportation or to enter a public entertainment) to the Caribbean. In fact, Knight, his wife, and his grandmother made separate trips to his native Jamaica this year using tickets he had earned. For credit card holders, these programs are the hot ticket to great escapes, fine dining, frequent flier miles, cash back, and more. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. The Nilson Report, only 35 million of the 300 million active credit and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. holders in the U.S. participate in a rewards program. So what are you waiting for? We'll show you what to look for in a card, ways to get the most out of your rewards program, and offer breakout charts on the best programs around town. OPTIONS APLENTY a·plen·ty adj. In plentiful supply; abundant: "There were warning signs aplenty for their candidates as well" Michael Gelb. Let's be clear. There is no real difference between calling what you can redeem from these credit card programs rewards, rebates, or even bonuses. It's just industry lingo Lingo - An animation scripting language. [MacroMind Director V3.0 Interactivity Manual, MacroMind 1991]. , says Curtis Arnold Curtis Arnold, consumer educator and advocate, is the founder of U.S. Citizens for Fair Credit Card Terms, Inc. (CFCCT). CFCCT hosts the consumer information site CardRatings.com. Arnold has been educating consumers about credit cards since 1998. , public relations-marketing director for Cardratings.com in Little Rock, Arkansas Little Rock, Arkansas required military intervention to desegregate schools (1957–1958). [Am. Hist.: Van Doren, 556–557] See : Bigotry . What's more pertinent, however, is the plethora plethora /pleth·o·ra/ (pleth´ah-rah) 1. an excess of blood. 2. by extension, a red florid complexion.pletho´ric pleth·o·ra n. 1. of awards you can choose from to suit your fancy. BankOne, for example, has an Extraordinary Rewards Platinum Visa card that lets you choose the type of reward you wish to redeem, including cash, air, and brand name merchandise certificates. As you choose a card, do so wisely. The plan is not to bust your budget to rack up points. Therefore, if you choose a card with a fee, "evaluate that cost in the context of your own spending," advises Greg McBride, a senior financial analyst for Bankrate.com in North Palm Beach, Florida North Palm Beach is an incorporated village in Palm Beach County, Florida, United States. The population was 12,064 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 12,645. . If you charge about $5,000 each year, it would take almost five years to collect enough points (about 25,000) for a fee domestic airline ticket. Using a card with a $50 annual fee, you would in essence pay $250 for the ticket. For more tips on card selection, visit www.blackenterprise.com/RewardsPoints.asp. REWARD YOURSELF WITH THE RIGHT STRATEGY When it comes to picking the best card, McBride says: "Best is like beauty, it's in the eye of the beholder. Each consumer is going to value things a little differently." Once you choose, here are some strategies to implement: * Pool your points. Allyson Park and her lawyer husband have individual American Express Gold charge cards linked to the same Membership Rewards account. They collect points rapidly and use them for a range of rewards, from flying to Hawaii for their 2001 honeymoon using 60,000 points, to recently buying patio furniture pa´ti`o fur´ni`ture 1. Furniture such as chairs, tables, settees or loungers, suited for use on a patio , i.e. such that will not be damaged by exposure to rain, sun or other outdoor elements. at Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box with 50,000 points redeemed as $500 in gift cards. * Commit to using the card. It's the only way to collect the points. Park, a communications consultant at Jackson Spalding Communications Management Communications management is the systematic planning, implementing, monitoring, and revision of all the channels of communication within an organization, and between organizations; it also includes the organization and dissemination of new communication directives connected with an in Atlanta, says that in addition to using her card for all household purchases, she has used it to put a $5,000 down payment on a car and even to pay taxes. "I use the card the same way I'd use cash, but this is better," she says. "If you use cash, you're not getting anything back other than the merchandise." * Have more than one card. "Savvy Savvy® Gynecology A contraceptive vaginal gel that ↓ transmission of STDs–eg, HIV, chlamydia, gonorrhea. See Contraceptive. consumers don't limit themselves when it comes to rebate rebate, partial refund of the total price paid for goods or services. In the United States, rebates were historically given by railroads to favored shippers as a return on transportation charges. cards," says Arnold. For example, Melvin Carrington Smith Sr., a certified financial planner Certified Financial Planner (CFP) A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs. in Birmingham, Alabama Birmingham (pronounced [ˈbɝmɪŋˌhæm]) is the largest city in the U.S. state of Alabama and is the county seat of Jefferson County. , uses his AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. Platinum Plus Visa card to earn 5% cash back when buying gas, and uses a Citibank Platinum Visa card that earns him 2% cash back on electronics and other household items. He also has a Discover card that he puts into play when he reaches the rebate limit on his other cards. But to get the most out of having more than one card, pay the balance off monthly so as not to incur finance charges. * Combine points from partner programs. Knight, the frequent flier, enrolled in Delta SkyMiles as well as Marriott, Rewards as both companies are American Express Membership Rewards program partners. This allowed him to combine points from his various programs to collect more rewards and points. * Get bonus points. These are a great way to add up the rewards. Many cards otter otter, name for a number of aquatic, carnivorous mammals of the weasel family, found on all continents except Australia. The common river otters of Eurasia and the Americas are species of the genus Lutra. The North American river otter, L. rewards linked to particular vendors. With Discover, for example, you can receive up to double the amount of points if you redeem certificates at vendors like Borders, Blockbuster, and Staples. You can also look for add-ons like Upromise.com or Babymint.com. Simply register your credit cards on their Websites and both will deposit a percentage of your spending into an account that you can link to a Section 529 College Tuition The examples and perspective in this article may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. College tuition Savings Plan. Also, you can increase the amount of a rebate by taking gift certificates rather than cash. Programs can be cancelled or altered at any time, so Arnold suggests selecting a program with a proven track record. Also, frequent flier miles and other points sometimes expire, so make sure that you can realistically accumulate enough within the given time period to receive your reward. Simply put: "Points are a form of currency," says Park. If you play your cards right Play Your Cards Right (or Bruce Forsyth's Play Your Cards Right) was a British television game show based on the American show known as Card Sharks. The gameplay was basically the same. , the options truly are limitless.
Airline Rewards Credit Cards
Consumer
Card Name Rating Phone Number
Southwest Airlines Platinum
Visa Card 4.75 888-215-3049
Delta SkyMiles Credit Card 4.31 800-528-4800
Delta SkyMiles Platinum
Credit Card 4.09 800-528-4800
Elite Rewards Platinum
Plus MasterCard 4.00 800-932-2775
TravelPlus Platinum Visa Card 3.77 888-215-3049
Card Name Comments
Southwest Airlries Platinum
Visa Card Earn one credit for every
$1,200 in purchases
Delta SkyMiles Credit Card Get 5,000 Bonus SkyMiles with
first purchase
Delta SkyMiles Platinum
Credit Card Earn Always Double Miles on
gas and your wireless phone
Elite Rewards Platinum
Plus MasterCard Redeem points on any major
airline. No annual fee.
TravelPlus Platinum Visa Card Earn 1 mile for every $1 in
card purchases
SOURCE: CARDRATINGS.COM
NOTE: CONSUMER RATINGS ARE BASED ON AT LEAST FIVE REVIEWS PER CARD,
RATINGS ARE BASED ON A FIVE-POINT SCALE, WITH FIVE BEING THE BEST
POSSIBLE RATING.
Hotel/Travel Rewards Credit Cards
Consumer
Card Name Rating Phone Number
Marriott Rewards Visa
Signature Card 5.00 888-215-3049
Visa Las Vegas Card 4.42 888-215-3049
APriority Club Rewards
Platinum Visa Card 4.00 888-215-3049
Hilton HHonors Platinum Card
from American Express 3.71 800-528-4800
RCI Elite Rewards MasterCard 3.50 800-932-2775
Card Name Comments
Marriott Rewards Visa
Signature Card Earn 3 points for every $1
charged at Marriott
locations
Visa Las Vegas Card Earn 1 point for every $1 in
purchases. No annual fee.
APriority Club Rewards
Platinum Visa Card Redeem points for free nights
at more than 3,200 hotels
Hilton HHonors Platinum Card
from American Express Earn 7,500 Hilton HHonors
bonus points with first
purchase
RCI Elite Rewards MasterCard Earn 1 point for each dollar
you charge
SOURCE: CARDRATINGS.COM
NOTE: CONSUMER RATINGS ARE BASED ON AT LEAST FIVE REVIEWS PER CARD,
RATINGS ARE BASED ON A FIVE-POINT SCALE, WITH FIVE BEING THE BEST
POSSIBLE RATING.
Retail Rewards Credit Cards
Consumer
Card Name Rating Phone Number
Toys"R"Us Visa Card
from Chase 4.79 800-207-8472
Barnes & Noble Platinum Plus
MasterCard 4.65 800-932-2775
L.L. Bean Platinum Plus
Visa Card 3.54 800-932-2775
Gateway Preferred MasterCard 3.50 800-932-2775
Target Visa 3.19 877-474-8378
Card Name Comments
Toys"R"Us Visa Card
from Chase Earn a 5% rebate on purchases
at Toys"R"Us
Barnes & Noble Platinum Plus
MasterCard Earn double points at
Barnes&Noble.com
L.L. Bean Platinum Plus
Visa Card Earn $10 in coupons toward
L.L. Bean purchases
Gateway Preferred MasterCard Earn 1 World Point for every
$1 in purchases
Target Visa Save 10%, earn Target Rewards
points, get school savings
SOURCE: CARDRATINGS.COM
NOTE: CONSUMER RATINGS ARE BASED ON AT LEAST FIVE REVIEWS PER CARD,
RATINGS ARE BASED ON A FIVE-POINT SCALE, WITH FIVE BEING THE BEST
POSSIBLE RATING.
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