Credit card companies offering enhanced rewards amid coronavirus
The coronavirus pandemic has forced many Americans to rethink their finances and that includes credit cards. Experts say it's a good time to give another look to what credit card will serve you best during the new normal.
Ah, lot has changed in just a few months and credit card companies seven forced to pivot. So they're doing things like giving you enhanced rewards at the grocery store. Or maybe they're giving you credits for streaming plans and cellphone plans, A little bit of extra work just to save a couple of bucks here and there, I'm always for it. This is also a good time for customers to take a look at card options. For some cash back may be the best option. There's no shame in keeping it simple. You know, if you like cash back and you just want to set it and forget it. There are cards like the city double cash that give 2% cash back on everything. Travel cards are popular with frequent travelers, Rossman says. The perks that come with cards have been adjusted as well. If you had a lead status, you probably got another year of that or if you had a free Hotels day that you haven't used yet. Chances are that deadline has been extended another year, and those annual fees, which could be $100 or as much as 600 are often negotiable. we found a couple of years ago, even in a much more normal climate, that about 70% of the time when people ask they got that annual be lowered or way. Those more worried about paying bills than taking advantage of perks should not be afraid to ask for help. Chances are they'll let you skip a payment or two, maybe even without interest, or they can lower your interest rate. All of this protects your credit score A chance to keep a credit score in good shape during tough financial times. Dan Schellman, NBC News.