It’s possible to use your credit card intelligently to reap the rewards — and earn free stuff. A rewards credit card can be just the thing to help you earn cash back, get free stuff, and enjoy an upgraded lifestyle.
However, as you can see from the infographic below, it can take a lot of points to get some of the free stuff available in a credit rewards program. However, the infographic also provides a silver lining: The average family can end up with 97,500 redeemable points a year if credit cards are used on household expenses. That’s enough to get a few small appliances, take a family vacation, or replace that old computer.
Before you get too excited, though, it’s important to understand that your credit card rewards are basically worthless if you carry a balance. You have to pay off your credit card each month if you want to get the most out of your credit card.