SOURCE: Dana Bashor Services

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June 23, 2010 12:05 ET

Dana Bashor Services | 5 Ways to Get the Most Out of Your Credit Card Rewards

SCOTTSDALE, AZ--(Marketwire - June 23, 2010) -  While every credit card holder would like to receive reward points, a lot of them don't know how to make the most out of these reward points. Getting the most out of your rewards depends upon correct planning and execution. As a way to help card users save money, Dana Bashor Services offers some helpful ways to get the most out of your credit card reward points.

1) Select the right card:
Today many credit card companies are ramping up their marketing campaigns just to make sure that you choose them over others. The truth is that you're only going to receive 1% cash back with most companies. However if you do a little research, you should be able to find companies offering you 1.25% or even 1.5% cash back.

2) Avoid scams:
While the ongoing cash back rates are 1% - 1.5%, you'll occasionally find companies offering you a 5% cash back. This is something that you should be careful about, since these companies have some really twisted terms.

3) Select cash back rather than gifts:
Choosing a card that offers cash back is typically the best thing to do. This way you can spend the money on something you really need.

4) Buy all your household items using your credit card:
Purchasing with your credit card will not only help you get some cash back, you will also be able to keep track of all your expenses easily.

5) Use your credit card for buying things for others:
If you are in a situation where friends or family members are falling short on cash, you can immediately assist them by paying for the purchase using your credit card. Not only should you be getting paid back but you will also get the cash back.

About Dana Bashor Services

Dana Bashor Services, founded by Dana Bashor in 2008, is a premier financial planning company based in Arizona. Dana Bashor Services strives to provide helpful money saving tips and advice to consumers.

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