Rewards Credit Cards
A rewards credit card allows shoppers to earn points that can be redeemed for merchandise, special services, trips and even cash. There are many different types of rewards credit cards available depending on what type of rewards people want to earn and where they do their shopping. It is important to do a bit of research to determine which rewards credit cards offer the best rewards and perks so that shoppers can maximize the benefit of having and using rewards cards. Keep reading to find out more about rewards credit cards.
Popular Types of Rewards Cards
There are many different types of rewards cards available that allow shoppers to earn incentives by making purchases with their credit cards. A few of the most popular types of rewards cards include:
Cash back credit cards
Cash back rewards credit cards are a great way to earn a bit of money while spending money. Cash back reward cards allow users to earn a percent (usually around 1% of total purchases) of cash back. Some cash back rewards credit cards will have an annual fee applied to them. This type of reward card is a good option for people who diligently pay off their credit card balance. It can be a worthwhile type of rewards card for shoppers who want to be rewarded with cash for making purchases that they would make anyways.
Hotel and travel points credit cards
Hotel and travel rewards credit cards are intended for hotel stays and traveling. Some of these rewards cards are co-branded with certain hotels and allow people to earn points on their purchases that can be redeemed at the hotel chain that the card is aligned with. People may also be able to earn free stays and upgrades at the hotel chain that their card is affiliated with. Some hotel and travel rewards cards allow points to be redeemed in various ways including travel costs, theme park admissions, stays at major hotels, stays at major resorts and much more. Hotel and travel points rewards cards may have annual fees associated with them.
General reward points credit cards
Rewards credit cards are a great option that allow users to earn reward points that they can cash in for different items including gift cards, airfare, jewelry, hotel stays, restaurants, specific store purchases and more. It is important to keep in mind that not all reward points credit cards are created equal. Shoppers should read the terms and conditions before applying for a reward card so that they know what is involved. Some rewards points cards may have an annual fee applied to them. Rewards points cards are a great option for people who pay off their credit card balance every month.
Retail rewards credit cards
This type of credit card is co-branded with a major retailer. Shoppers acquire points through making every day purchases. The reward points must be redeemed for services or points at the retailer that the card is from.
Airline mile rewards credit cards
Air mile and frequent flier credit cards allow for users to earn points that can be redeemed towards plane tickets, seat upgrades and more. Points are earned whenever a shopper makes a purchase. There are variety of airline miles and frequent flier credit cards available, so it is important for users to do their research to find out which card would be the best option for the way that shop and what reward options they are looking for. These types of cards are good options for those who like to travel or travel often. Air mile and frequent flier credit cards may be aligned with a specific airline or may allow users to redeem their points at a variety of different airlines. Some of these cards may have an annual fee associated with them.
Gas points cards
There are many gas rewards cards available, some can be used at all gas companies and others are brand-specific to a certain gas company. Gas rewards and points cards may offer you a rebate with things like cash back when used for buying gas or having other services completed.
Most Popular Rewards Cards
A few of the most popular rewards cards include:
- Chase Sapphire Preferred Card
- Discover it Cashback Match Card
- Capital One Ventures Rewards Card
- Chase Freedom Card
- Bank Americard Travel Rewards Card
- Citi Double Cash Card
It is important for shoppers to evaluate their personal shopping habits and points goals to determine what rewards cards would be the best options for them.
Top 5 Routes for "Rewards Cards"
- Forbes.com This site has a lot of helpful information about popular rewards cards to help explain to users what cards may benefit them the most.
- Thesimpledollar.com This site gives visitors a rundown of the best rewards cards and what they offer so that shoppers can make an educated decision about what cards would be the best options for them and their personal shopping habits.
- Nerdwallet.com This website offers visitors a thorough overview of the best rewards cards including fees, interest rates, points earned, where points can be redeemed and user reviews.
- Businessinsider.com This site gives a wealth of information about rewards cards including an overview of the pros and cons of popular cards. This site is a good resource for those looking to get a rewards card.
- Moneycrashers.com This website gives an overview of the most popular cash back rewards credit cards including key information and benefits.