Compare Reward Credit Cards
Rewards credit cards are immensely popular due to their incentives driven packages. The credit card holder is rewarded for their loyalty and use of the credit cards by way of discounts, gifts and in some cases actual money. The reward credit card works by giving the card holder a percentage of all purchases made with the credit card. The higher the expenditure, the higher the size of the payment back to the credit card holder.Discover® More(SM) Card - Clear
- Earn more cash in more ways than anyone else(SM)
- Unlimited cash rewards, automatically
- Up to 20% Cashback Bonus® when you shop online
- Double rewards with more than 100 Cashback Bonus Partners
- Customer Service in less than a minute, anytime you want
- 0% Intro APR for 6 months on Purchases, and up to 6 months on Balance Transfers*
| Intro APR | Intro Period | Regular APR | Annual Fee | Balance Transfer | Credit Needed |
| 0%* | 6 Months* | None | 3%* | Good |
Discover® More(SM) Card
- Earn more cash in more ways than anyone else(SM)
- Unlimited cash rewards, automatically
- Up to 20% Cashback Bonus® when you shop online
- Double rewards with more than 100 Cashback Bonus Partners
- Customer Service in less than a minute, anytime you want
- 0% Intro APR for 6 months on Purchases, and up to 6 months on Balance Transfers*
| Intro APR | Intro Period | Regular APR | Annual Fee | Balance Transfer | Credit Needed |
| 0%* | 6 Months* | None | 3%* | Good |
Chase Freedom(SM)
- $50 Cash Back after your first purchase
- 3% bonus cash back offers in categories like gas, home improvement and department stores
- Full 1% Cash Back on every purchase
- No spending tiers or caps on how much you can earn
- Up to an additional 20% cash back at select merchants when you shop online through Chase
| Intro APR | Intro Period | Regular APR | Annual Fee | Balance Transfer | Credit Needed |
| 0% | up to 12 Months | None | See Terms* | Good |
Miles by Discover® Card
- 12,000 Bonus Miles – 1,000 Miles each month you make a purchase for the first 12 months
- Double Miles on up to $3,000 in travel and restaurant purchases each year
- Book any travel, anytime with no blackout dates or restrictions
- 1 Mile for every $1 on all your other purchases
- Unlimited Miles that never expire
- No Annual Fee
- Redeem for travel credits to your account, gift cards from any of our 90 brand-name Partners or cash starting at just 1,000 Miles
| Intro APR | Intro Period | Regular APR | Annual Fee | Balance Transfer | Credit Needed |
| 0%* | 6 Months* | None | 3%* | Good |
Starwood Preferred Guest(R) Credit Card from American Express
- Earn up to 25,000 Starpoints (R) - enough for up to 6 free nights at a category 1 or 2 hotel.
- Use Starpoints(R) for free nights and upgrades at participating Starwood hotels and resorts in 95 countries including Sheraton, W Hotels, Westin and more with no blackout dates
- No annual fee for the first year and $45 thereafter
- Transfer Starpoints(R) - almost always on a 1:1 basis - to the frequent flyer programs of over 30 major airlines
- Earn one Starpoint(R) for every dollar you spend and double Starpoints(R) at participating Starwood properties and retail partners
- Express Approval. Get a decision in less than 60 seconds.
| Intro APR | Intro Period | Regular APR | Annual Fee | Balance Transfer | Credit Needed |
| See Terms* | See Terms* | See Terms* | See Terms* | Excellent |
FAQs on Rewards Credit Cards
Who can apply for a Rewards Credit Card?
Anyone can, but the type of reward available is dependent on the card issuer and can be anything from tangible goods to cash.
How does one earn rewards?
The card holder receives a percentage of purchases made with the Rewards Credit Card. Each time it is used, it increases the size of the payment that will be received. Other rewards can be redeemed at differing hotels, restaurants and gas stations.
What kind of Rewards Credit Card can one get?
It all depends on the kind of incentives that appeal to the card holder, hence assessing one’s options is of the utmost importance. For example, a person who rarely travels will not benefit from benefits gained from a frequent-flyer miles.
FAQs on Cash Back Credit Cards
What points should I be aware of before applying for a Cash Back Credit Card?
Not all cards charge an annual fee, but check with the card issuer for confirmation. If the card holder is a big spender, checks should be made to see if the card offers higher payouts of varying levels as this would make sound financial sense.
How much cash can I expect to get back?
This depends on the card issuer, but cash back percentage can be anything between 0.5% and 2% of purchases made as an annual rebate. More recently, some card issuers have raised the percentage paid back up to 5%.
