Mastercard Rewards
By: Anne Durrell
Frequent Flyer Miles
One of the best-known types of MasterCard rewards is the availability of frequent flyer miles or airline miles. Most people assume you're only able to redeem your points on airline flights, but the truth is you could choose to spend your points on car hire or even hotel nights.
If you accumulate enough points, you could pay for your flights and your accommodation and still have enough points left to cover your car hire. That amounts to a free vacation.
Cash Back Rewards
Cash back rewards cards are easily the most popular types of MasterCard rewards programs. For every dollar you spend, you're given a percentage of this amount as cash back. Imagine receiving a check in the mail for using your credit card the same way you always would?
Sony Rewards
MasterCard rewards and Sony have teamed up to offer Sony Points that are redeemable for Sony products, such as PlayStation games, VAIO wireless notebooks, LCD TVs, MP3 players, software, movies, media and so much more.
Sony will even give you 2,000 Sony points as a reward for your first qualifying transaction. For anyone who loves Sony products, this could be an ideal way to build your electronics collection quickly.
Jackpot Rewards
MasterCard rewards these card holders by giving them 1 entry in the monthly cash jackpots. Every time you spend $1, you're given another entry to win the jackpot rewards. In fact, just to get you started, you're handed a free 1,000 entries just for signing up.
This type of MasterCard rewards program could be ideal for those who don't spend a lot on credit cards as you could still win the monthly jackpot even if you only spent $1.
Discount Rewards
The MasterCard rewards on this particular card don't come in the form of entries or vouchers. Instead you're offered a 0% interest rate on balance transfers, which can represent a massive savings to the card holder. You're also able to take advantage of specially negotiated discounts from certain retailers and stores that could also save you even more money.
If you're in a job that requires you to travel a lot, there are MasterCard rewards programs that can allow you to redeem your rewards for hotel or motel accommodation. Some can even offer you cash back on gas purchases.
When it comes to finding the right MasterCard rewards program to suit you, always consider your own lifestyle and spending habits. Then be sure to choose the rewards that will best suit your needs.
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