Save Money With Holiday Reward Credit Cards

White sand, blue expanse of water and some palm trees with a memorable vacation for me. Luckily the beach is free for hotel and travel costs can easily eat a whole vacation budget.

A vacation is a good time to swap out your credit card rewards that have accumulated throughout the year. According to a survey from Capital One, 60% of people who are planning to go on vacation will redeem credit card rewards them with cash, airline tickets, or discount coupons to reduce the cost of the holiday. And if it's a choice, 50% of respondents would redeem credit card rewards for the extra day off.

If you want to use a reward credit card to fund a vacation, you have to start from scratch because it takes a few months to collect a decent amount to redeem your credit card rewards. Do not be too disappointed if you do not have enough credit card rewards to save on holiday this year. Start planning for next year. Credit card issuers have many great deals that can be redeemed for rewards credit cards.

Choose wisely. Many reward credit cards seem like a great offer but what is printed on your invoice will actually reveal the opposite. Annual fees (annual fee) is high could increase the cost of using a credit card and if you bring a bill from month to month, you pay interest costs could negate your credit card rewards that have accumulated.

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