{"product_id":"understanding-credit-cards-rewards-fees-and-perks-edition","title":"Understanding Credit Cards: Rewards, Fees, and Perks Edition","description":"\u003cp\u003e\u003cem\u003eWelcome to our new series, where we go over the basics of credit cards to enhance your understanding. In this first part, we’ll look at important things to consider, like rewards, fees, and perks that come with different cards. Let’s get started!\u003c\/em\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e \u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eRewards rates:\u003c\/strong\u003e How many points or how much cashback you earn from purchases using the card. Note, points earned from different cards may have different values, which is another thing to look out for.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eAnnual fee: \u003c\/strong\u003eThe fee that the card issuer charges annually to keep your account open.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eDowngrade eligible:\u003c\/strong\u003e If the card has an annual fee and you consider closing the account to avoid the fee without affecting your credit score, you might have the option to downgrade to a card with no annual fee instead.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eAPR:\u003c\/strong\u003e Annual Percentage Rate, otherwise known as the interest and fees that will be charged if the amount due is not paid by the specified time. \u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eOther perks and benefits:\u003c\/strong\u003e Credit cards often come with specific statement credits for services like TSA PreCheck, certain streaming subscriptions, and more. To receive these benefits, you must use the designated services. For example, a card might offer a $10 monthly credit for restaurant purchases, but it only applies if you charge at a restaurant that month. If you don’t make a qualifying purchase, you won’t receive the credit. It’s important to consider how easily you can take full advantage of these benefits when selecting a card.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eBy keeping these key factors in mind, you’ll be better equipped to choose a credit card that aligns with your needs and financial goals. Stay tuned for our next installment, where we’ll continue to dive deeper.\u003c\/em\u003e\u003c\/p\u003e","brand":"PzDeals","offers":[{"title":"Default Title","offer_id":49518523318587,"sku":"","price":0.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1504\/4320\/files\/Untitleddesign-2024-09-24T202516.694_bef38633-f371-4282-bde4-fd4031c1042c.png?v=1727224083","url":"https:\/\/www.pzdeals.com\/products\/understanding-credit-cards-rewards-fees-and-perks-edition","provider":"PzDeals","version":"1.0","type":"link"}