If you are like most people, you use your credit card almost every day. So, it is only fair that you get rewarded for doing so. Many credit cards companies offer rewards for using their card, rewards can range from points, to miles, or even cash back.
Not every credit card offers the same rewards, nor do they reward you for purchasing the same things. Because of this, it is important that you choose a rewards card that offers rewards for the type and amount of spending you will be doing.
One of the most desirable rewards offered by credit card companies is cash back. With cash back, you get a percentage of your spending back in the form of a statement credit, or a direct deposit to a bank account of your choice. This is one of the most desired ways to get rewarded for using your card because you are essentially saving a few percent on each of your purchases, just for using your credit card.
Before committing to a rewards card offering cash back rewards, it is important to understand what purchases qualify for cash back, and what percent of the purchase price you will get back. Some credit cards offer more for purchases such as fuel or groceries, while some offer the same percent on all purchases. It is equally important to note the limit of cash back you can earn, some credit cards cap the amount of cash back you can earn, so it is important to compare this with other credit card offers.
Another reward of interest to many consumers is miles, contrary to what many believe, reward miles can be used for things other than just airline miles. Many credit cards allow you to redeem your miles for things such as hotel bookings, gift cards, and also booking airline tickets. It is a good idea to understand how and at what rate you will earn miles when using your credit card, then be sure to know what you can redeem those miles for. For some people, miles may not be the best reward available, and for others, miles can be very beneficial.
If you drive a lot, you may be interested in credit cards that offer rewards for fuel. This can be in the form of cash back on fuel, some cards offer a higher cash back rate for fuel than they do for other purchases, or some cards may offer fuel rewards in the form of discounts on fuel purchases. For someone who tends to purchase fuel frequently, a card that offers generous rewards on fuel purchases may be worth considering.
There are several types of rewards that you can earn for using your credit card, and if you use your credit card frequently, you should be rewarded by your credit card company for doing so. Some credit card companies offer better rewards than others, and some offer different rewards for different consumers. You should always be aware of what rewards are available, both from your current credit card and from other credit card companies out there.
If you are in the market for your first rewards card, or you already have a credit card offering rewards, but you are looking for another card with better offers, we have compiled a list of credit cards with some of the best reward offers available today.
If you have a rewards card that has served you well and you are happy with, leave a review of that card, so other consumers can be informed when choosing a rewards card for themselves.