 TITLE: How Does Opening Multiple Rewards Credit Cards Affect My Credit? CONTENT: Things to Keep in Mind Before Applying for Rewards Cards\n--------------------------------------------------------\nThere are several different types of rewards credit cards, and each one has its own set of benefits and features. Here are some things to think about while you're shopping around for the right one:\n*   **What types of rewards are offered?** Credit card rewards are categorized into three general buckets: cash back, points and miles. Within those categories, though, are different types of rewards structures and rates. Think about what you want out of your new card, whether it's airline miles, hotel points, general travel rewards or simple cash back. In some cases, it may be good to have a mix of different types to maximize your rewards.\n*   **Will you be able to maximize rewards?** The best way to maximize credit card rewards is to find cards with rewards programs that mesh well with one another. For example, if two of your top spending categories are gas and groceries, it's easy to find a card that offers a bonus rewards rate (3% is common) on spending in those categories. For example, the Blue Cash Everyday® Card from American Express earns 3% on U.S. supermarket spending up to $6,000 annually (1% cash back once the cap is reached), and 2% cash back on spending at U.S. gas stations and select U.S. department stores. In most cases, though, rewards cards will give you just 1% back on spending that doesn't fit into a bonus category, or once you've reached its spending limit. Pairing the card with one that has a 2% base rewards rate, ensures that you'll always earn at least 2% back on your purchases (the Citi® Double Cash Card - 18 month BT offer from our partner could fit the bill).\n*   **Is there an annual fee?** There's nothing wrong with getting a credit card with an annual fee. If you're generally fee-averse, you may be inclined to limit your search to no-annual-fee credit cards. As you do your research, however, be sure to compare each card's benefits and how they relate to any potential annual costs. In many cases, you can get far more value every year than what you're paying in annual fee costs, even compared with a similar card with no fee.\n*   **When do rewards expire?** In many cases, your rewards won't expire as long as your account is open and in good standing. There are some exceptions, though, especially among airline and hotel credit cards. Even with these, though, you can usually keep your rewards from expiring when you earn or redeem new points or miles. Regardless, it's a good idea to know how long you might have to use your rewards to make sure you don't forfeit them. END