(WTNH) — Credit card reward points come in a variety of types from travel to shopping and even cash back.
And while they can be a useful tool in saving money on future purchases, with so many options choosing the right one for you can be confusing.
Stretch your Dollar: Getting the most out of the rewards and perks credit cards offer
Chartered Financial Consultant John Caserta explains what to look for when choosing a credit card with reward points. Caserta says there are three typical programs:
- Miles – you accumulate miles that can be redeemed for travel on specific airlines
- Cash Back – you receive a percentage back on purchases, for example, 2% cashback
- Points for shopping
Here are some free resources to help choose a card:
Watch the video above for more.