Are travel point / reward credit cards worth the hassle and cost? Many such cards have fees, and when you try to book there are often restrictions. What has your experience been with these types of cards? How best to use them effectively, if at all?
A lot of whether or not using those types of cards is worth it depends on how you use your credit card. If you use your credit card very often and pay it off in full each month, then often these cards can be great for you. If you often leave a balance on the card then a card with a lower interest rate would be better to focus on. I personally would not use any points card that had any actual fees with it. They already typically have a below average interest rate as it is.
For us, we very rarely use our credit card. For utilities we use e-checks and for most other things we use a cash budgeting system. As a result, for us the lower interest credit cards are more important since we rarely would gain any worthwhile amounts of points for use.
Rewards credit cards are without a doubt worth it.
First, the caveats:
Second, the positives:
Third, recommended cards: