Roughly 37% of respondents said they were going to use the card most often to pay for things like restaurant and drug store purchases, according to a Credit Card Council (CCC) survey.

Chase offers a 5% cashback bonus on certain purchases, but consumers can't keep a log of spending for 4 months.

The main disadvantages of using a rewards credit card include payment fees, insufficient funds, and monitoring the total cashback that customers receive.

Cashing in on a credit card's rewards are important for many consumers, including Scott McDonald, 25, a retail marketing consultant.

"The reason I use a rewards credit card is because I get some money back after a certain amount of spending and I'm able to spend what I want without worrying about going over the limit," said McDonald.

McDonald said he's paid off the maximum rewards amount on five rewards cards in four years and carries a balance on two cards to ensure he never runs up a bill that exceeds his rewards amount.

Despite having done a financial report annually for the past five years, he hasn't seen any positive changes.

"If I go to pay for a certain item and the cards I have to pay with don't have the amount they were charged that month, then it shows I'm not capable of using them," he said.

Consumers like McDonald often rely on rewards cards, but the love doesn't last long. The need to check or delete accounts is common among even the most faithful users of these credit cards.

"Consumers who find themselves perpetually overdrawn on a rewards credit card generally recognize they are most interested in their own cash after completing their balances and paying the accumulated fees and interest on the balances," said Shelley Levitt, managing director of ournetwork.com.

According to the CCC survey, which was conducted in February of 2018, as many as 17% of respondents said they have already done so on two or more cards. This results in 41% of respondents saying that they had become angry or frustrated with their rewards card.

Frequent rewards card consumers should keep a close eye on their balances and check account statements, advises CCC. This can help avoid errors and allow a person to use cards "in a balanced manner."

Card users who are cautious about their credit report and disinterested in monitoring balances, often end up spending too much on a rewards card.

One of the reasons McDonald said he has so much cash is that he regularly accepts up to two gift cards for free from retailers he uses each month.

All of a consumer's credit cards come with APR (annual percentage rate) of 16.99% to 36.99%. The APR does not have to be reported to the credit bureaus; a person can apply for numerous cards, for example, without worrying about having his or her credit report changed.

Visa, American Express, Discover, Bank of America, Wells Fargo, Capital One, Discover, Bank of America and U.S. Bank do not charge activation fees or charges for cancelled cards. Many cards also have a 3% reward or cashback bonus offered on certain purchases.

Although opting for rewards cards might seem like a good idea for consumers trying to build a credit score, poor behavior can put a credit score at risk.

That's because consumers using credit cards for purchases like overspending on coffee and takeout, not paying for overdue parking tickets or asking for plastic in payment lines at restaurants is a red flag.

Instead, consumers should take extra precautions.

"You can always build up a credit score by paying bills on time and not using credit cards for day-to-day purchases and avoiding the temptation to borrow," said Levitt.

Sharing your rewards cashback with a friend or family member can be beneficial, and a report from NerdWallet can help consumers find and avoid frequently misspent rewards cards.

Another easy way to build up a credit history is to apply for a credit card that requires little to no credit history.

Read the original article on NerdWallet. Copyright 2019. Follow NerdWallet on Twitter.