Credit Cards with Rewards
Do you wish you could get something more out of your credit card? Do you feel like it's always take-take-take with credit card companies between their interest rates and fees? Rewards credit cards might be something for you to consider. Even if you only use your credit card for purchases you were going to make anyway, you'll benefit from a rewards credit card. You can earn points for every dollar you spend using your credit card (or when you pay your credit card balance off), and you can redeem those rewards points for products, services, and even flights.
Despite the perks of rewards credit cards, they aren't the best credit cards for everyone. A rewards credit card is generally best for consumers who pay off their credit card balance in full every month for two reasons -- the interest if you don't pay off your credit card balance it can cost more than you'd earn in rewards, and you might not earn rewards points until you pay off the balance. There are several different types of credit cards with rewards; some even offer other benefits like introductory interest rates and credit card balance transfer rates. Compare rewards credit cards below in our comparison chart to find the best credit cards for you, and apply securely online to start earning rewards points on your new rewards credit card.
What do Rewards Credit Cards Offer and which are the best credit cards for me?
If you're thinking about applying for a credit card with rewards, you'll be faced with a lot of options. Different rewards credit cards offer different types of perks. Here are some of the possible rewards you could earn:
- Cash Back -- Who wouldn't love cash back on their purchases? It's like saving money every time you shop. The key with cash back rewards credit cards is that you need to make sure you'll spend enough that your cash back will outweigh the fees and interest you'll pay. You'll also want to find out if there are any caps on the amount of cash back you can earn either annually or monthly.
- Merchandise -- If your rewards credit card lets you redeem your rewards points for merchandise, you might be able to earn things like luggage, electronics and more.
- Gift Cards / Shopping Vouchers -- Rather than limit your credit card with rewards to specific merchandise some rewards credit cards let you redeem your points for gift cards which you can use at your favorite stores. If your credit card is eligible for the Visa Extras program for instance, you can redeem points for gift cards to stores like Target, Amazon.com, or even movie theaters or restaurants.
- Frequent Flyer Miles -- Whether you travel often or are saving for a big vacation, a rewards credit card offering frequent flyer miles might be a good bet for you. You'll earn rewards points that can be applied to a frequent flyer program through an airline (airlines vary with the cards) for perks like free flights or free seat upgrades.
Rewards programs can be complicated, making it even more important to closely compare rewards credit cards before applying to ensure you get the best credit card deal for your needs. Look for point earning or redemption limits to make sure you'll get the most for the amount of money you'll likely spend in the year. You can start comparing credit cards with rewards above, and even apply for a rewards card securely online.