MasterCard Points

by : Paul Abbey

With a MasterCard points reward scheme each time a person uses their card to make a purchase they earn points based on just how much they spend. Generally you will earn 1 point for every dollar you spend and as these points are then accumulated you have a choice of how you can then use them.

Some people may choose to use them as a way of paying of some of the balance on their card, whilst others may use them to get cash back or to make a purchase. Today the points you earn on your MasterCard can allow you to use them to gain rewards on airlines, buy cinema or concert tickets or for getting household or electronic goods.

Certainly of all the rewards schemes currently available and being used by credit card companies to get people to apply for theirs is the point's one. However it is important to remember that many credit cards, which have a points scheme in place, will often charge their clients a higher annual percentage rate (APR) compared to those that do not.

Therefore if you want to get the best from your MasterCard as well as earn all those lovely points there are certain things, which you can do. Below we take a look at some things, which may help you to choose which is the right one for you.

1. If you can weigh up the advantages and disadvantages that each credit card has to offer. Doing this you will be able to see more clearly which credit card is going to be more beneficial to you and your wallet.

2.Choose the reward scheme very carefully. If you are someone who does not do much travelling then avoid going for those points schemes where you get the money back by being able to reduce the costs of your flights. Instead why not go for a card where when you have got sufficient points you are able to exchange it for cash or for buying a goods at a much better price.

3. When you have accrued sufficient points it is wise to spend them quickly as unfortunately a large number of credit card companies often make changes to the schemes they have without much prior warning. So suddenly one day you may well find that the points you have accrued are actually worth far less than you first thought.

4. Also although the MasterCard points reward scheme seems a big incentive for you to have more than one card. It is best that you do not as this will only increase the burden being placed on your finances. Plus also only take a card out if you are sure that you can actually comfortably be able to repay the outstanding balance on the card each month.