The fact of the matter is that most people stretch themselves a little bit too thin when it comes to credit cards. They have a big line of credit and as a result, they buy things with that line of credit. However, they do not realize that credit card companies are still making a lot of money off of them because of their massive interest rates. Travel rewards or not, it is usually not worth it.
- Travel reward credit cards may seem nice, but are not always used correctly.
- On may miss out on reward opportunities because they didn’t apply on time, applying for too many, or redeeming low value rewards.
- Consumers often forget about paying their balance and do not even take advantage o the rewards system offered.
“t seems basic, but one of the biggest mistakes you can possibly make with a travel rewards card is not earning the welcome bonus.”