Reward Credit Cards

Below you can view a selection of some of the leading reward credit cards on the market. Use the chart to compare the main features of different rewards credit cards: is there an introductory APR rate? Can you benefit from reward credit cards without an annual fee? Reward credit cards can give you all kinds of benefits including airmiles – you may even earn a free flight. Remember that irrespective of the reward credit cards type, you may need to carry a good credit score to get the card of your choice. Check the terms of any reward credit cards before you make an application to avoid disappointment. Once you have chosen the reward credit card to suit you and are happy with it, click on More Info to find out more!

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Compare Reward Credit Cards

Earn rewards as you spend with a reward credit card but make sure a reward card is right for you before you apply.

What is a Reward Credit Card?

Credit cards are extremely popular and because they are great for giving you a bit of extra financial freedom and are convenient and safe to use there are many different types of credit cards available on the market. One type of credit card you can get is a reward credit card. With a reward card, you can get all the benefits of a credit card but with additional benefits.. Not only does the card give you a line of credit, it also gives you many extras and rewards just for using the card. If you are going to be spending the money anyway you can get something extra out of it.

What Rewards can you earn?

There are a large variety of reward programmes on the market. For regular travellers you can earn air miles and discounts on hotel stays and travel insurance. Most popular are cards that offer cashback programmes but there are also cards where you earn points which you can exchange at hundreds places and earn discounts on things like fuel and grocery shopping. With a rewards credit card you earn every time you spend and so ultimately, the more you spend the bigger the rewards. Reward credit cards can help you save and earn money at the same time. As soon as you make sure first card purchase on your rewards credit card you will start to accrue reward points and discounts. Reward points can be redeemed as soon as you earn them.

Is a Reward Credit Card right for me?

Reward credit cards benefit you the most if you use the credit wisely and pay off the balance each month. This is because the interest that you will pay on your outstanding debt can outweigh the value of any reward. You don’t want to end up spending more on fees and interest charges than benefitting from the rewards. Reward credit cards can be great for people who are regular shoppers but they are not suited to people who rarely use their credit cards and those who struggle to pay their credit card bill each month.

Reward Credit Cards are not suited to people who have poor credit. If you are attempting to rebuild your credit you would be better served with a card that does not offer the temptation of reward cards which encourage you to spend. Furthermore, reward credit cards often have higher standards for credit scoring and could harm your credit further by having your application rejected.

Reward Credit Cards - What are the drawbacks?

With any credit card there is the risk of falling into debt if you fail to make your repayments on time. These cards encourage spending because the more you spend the more rewards you will earn. A rewards card can easily lead you to debt when you have to charge things you ordinarily wouldn’t just to accumulate rewards. Cards that offer rewards often have higher interest rates than standard credit cards. With this said you should only use your rewards cards for item that you’ll pay off every month. You might have to spend a lot of money to earn a decent reward.

You should be wary of introductory offers and make sure you are not just drawn in by these. With some credit cards once this period ends they can become very expensive so make sure you know what happens once the offer comes to an end. Also watch out for fees. It's important to understand the fees and to make sure the costs don’t outweigh the rewards you receive. If the value of the rewards you receive isn’t more than the fees you have to pay, the card isn’t worth the cost. You will find there are annual fees, ATM fees and sometimes even application fees.

Things to watch out for...

Some rewards credit cards expire your rewards if you don't use them within a certain period of time. You don't want to lose your hard-earned rewards before you have a chance to use them. Make sure you know the expiration date if there is one and do not choose a card with an unreasonable expiration period. You should also make sure you know what your options are for redeeming rewards. For example can you redeem the rewards at any time? You may have to charge a certain amount on your credit card before rewards start accumulating. If this is the case, make sure you don't have to charge more than you normally would just to get the rewards, especially if the card has a cost.

Which Reward Credit Card is best for me?

The right rewards credit card for you will depend on your lifestyle and what sort of rewards you want to earn As each rewards credit card program has different purchasing criteria and benefits it pays to compare and evaluate. The main aim is to earn the maximum amount of rewards for the money you spend. When choosing a reward programme make sure is suits your spending habits. Flexibility in how you can redeem your credit card is a bonus. If the credit card has several different partners, you get more choices in redeeming the rewards you accumulate. Use the comparison table above to compare different rewards cards so you can be sure you get the right card for you.

Reward Credit Cards - Latest News News and Charts

Reward credit cards: earn money while spending it

30 April 2013
Mark Maffia

A reward credit card is a traditional credit card but comes with extras! You can pay with a reward credit card as with any other credit card. You can use it in shops and restaurants worldwide; you can book events, rent cars and of course make purchases on the Internet.


Get A Reward Credit Card

13 July 2011
Which Way to Pay

There are lots of reward credit cards available in the US, each with different rewards on offer to you, so always shop around to find the one that gives you what you want!


Getting More From Your Credit Card

06 June 2011
Which Way to Pay

If you’re a credit card user with a regular type of card, you could be missing out on hundreds of dollars worth of gifts and benefits offered by a reward credit card. With a reward credit card, you can build up frequent flier points, earn cash back or even accumulate credits for hotel stays or luxury gifts each time you use your card.