Category: Reward Cards 101

How to Pick the Best Rewards Credit Card for the Holidays

Choosing a solid rewards credit card can help you reap a slew of benefits during the holiday season, in addition to earning cash back or rewards points on purchases. But the earlier you snag a good credit card deal, the better. With holiday spending on the horizon, you can...
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Ways to Redeem Credit Card Rewards

If you pay your balance every month, you’re financially ready to make your credit card use earn flights, money, and more. After all, if you’re budgeting and spending responsibly, why not get cash back, plane tickets or overnight stays for your efforts? There are several ways to earn and redeem...
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How to Calculate Your Credit Card Points

Rewards credit cards are a great way to get extra perks from using a credit card. You want to make sure your credit card points are worth having the credit card, especially if the credit card carries an annual fee. Calculating your credit card points also helps you compare credit...
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How Credit Card Miles Work and How You Can Earn Them

You’ve probably seen credit cards promoting their lucrative credit card miles rewards programs. You’ve read stories of people who fly around the world for next to nothing using credit card miles. It may sound like a gimmick, but it’s possible to accumulate miles and use them to take trips. The...
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What to Look Out For

Qualifying for a rewards credit card generally depends on having a good credit score. If your credit score needs improvement, you may have a harder time getting approved for a rewards credit card.2 Rewards cards may have higher costs than other credit cards. For example, annual fees are common with...
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Tiered vs. Flat Rewards

Rewards programs generally are structured in one of two ways. You might earn a flat rate of rewards on all your purchases. For instance, a credit card may pay a 2% cash back rewards or two points for every dollar you spend. You also may earn rewards in different...
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Travel Rewards

Travel rewards cards earn you miles that you can redeem for airline tickets. The number of miles you can earn varies by credit card, and the number of miles you need to purchase a flight varies by frequent flier program. You may be able to convert miles between programs, but...
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Points Rewards

Points rewards are based on how much you spend. For example, you might earn one point for every dollar you make in purchases. Depending on the card issuer, you may be able to redeem your rewards for gift cards, cash, or even travel. Redeeming your points for gift cards...
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Cash Rewards

Cash rewards are the most straightforward and easiest to use, but they don’t always result in cold, hard dollars in your hand. Some programs allow you to redeem your cash rewards only as a credit to your account. Rewards paid as a statement credit reduce your balance, but the redemption doesn’t count...
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Types of Credit Card Rewards

Rewards generally fall into one of three categories: cash, points, or miles. The cash rewards can help reduce your credit card balance. Travel rewards can help you earn free trips for yourself and your loved ones. You can use rewards to purchase holiday and birthday gifts. You also can...
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