Now Is The Best Time For A Rewards Credit Card

MoneyTips

Do you have a rewards credit card? If not, now is the perfect time to consider one. The holiday season provides two motivating factors – special rewards offers from credit card issuers and the increased spending necessary to take advantage of those offers.

Many cards offer signup bonuses of hundreds of dollars, or the equivalent in points or miles, if you make a certain dollar amount of purchases within an introductory period – for example, a $500 bonus if you spend $3,000 on purchases within the first three months after opening the account. You may find an offer with a 0% introductory annual percentage rate (APR), furthering your benefits if you will carry a balance from holiday purchases.

According to the National Retail Foundation, the average consumer is expected to spend almost $1,048 during the 2019 holiday season. Extra holiday spending may put tempting bonus offers within your reach.

However, to make the most of a