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.TrueEarnings(R) Card from Costco and American Express
- Earn cash back on gas and a $25 statement credit with your first purchase made with the Card.
- Earn cash back virtually everywhere you go - 3% for annual gasoline purchases of up to $3,000 (1% thereafter), 3% for restaurants, 2% for travel, 1% everywhere else, including Costco
- No Annual Fee with your paid Costco Membership
- The TrueEarnings Card serves as both your American Express Credit Card and your Costco Membership Card
- No Limit on the Cash Back earned
| Intro APR | Intro Period | Regular APR | Annual Fee | Balance Transfer | Credit Needed |
| See Terms* | See Terms* | See Terms* | See Terms* | Excellent |
American Express (R) Preferred Rewards Gold Card
- Earn 10,000 Membership Rewards(R) bonus points when you spend $500 in 3 months - redeemable for a $100 gift card!
- The Membership Rewards(R) program - Earn 1 Membership Rewards(R) point for virtually every dollar you spend and redeem for your choice of travel, shopping, and entertainment rewards.
- Gold Card Events - exclusive access to tickets for select concerts, shows, major sporting events, and more in cities nationwide.
- Express Approval. Get a decision in less than 60 seconds.
| Intro APR | Intro Period | Regular APR | Annual Fee | Balance Transfer | Credit Needed |
| N/A | N/A | $125 annual fee | See Terms* | Excellent |
Discover® More(SM) Card - American Flag
- 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 12 months on Balance Transfers*
| Intro APR | Intro Period | Regular APR | Annual Fee | Balance Transfer | Credit Needed |
| 0%* | 6 Months* | None | 5%* | Good |
Visa® Black Card
- 24-Hour Concierge Service: Enjoy the personalized assistance of a 24-hour Concierge Service catering to entertainment, travel, business, shopping and lifestyle needs.
- Exclusive Rewards Program: Receive 1% cash back on all purchases with Black Card’s Exclusive Rewards Program.
- Travel Redemption: Redeem points at a higher rate for flights on any airline at any time. No blackout dates or advance purchase requirements.
- Luxury Gifts: Cardmembers receive luxury gifts from some of the world's top brands.
- Travel Lounge Priority Pass: Complimentary membership which provides access to over 600 lounges in more than 100 countries.
- Limited Membership: Membership is limited to ensure the highest caliber of personal service is provided to each Cardmember.
- Black Card Benefits: Cardmembers are eligible for benefits including Worldwide Travel Insurance, Baggage Delay Insurance, Trip Interruption Insurance, Warranty Manager Service and Purchase Security.
| Intro APR | Intro Period | Regular APR | Annual Fee | Balance Transfer | Credit Needed |
| N/A | N/A | $495 | See terms* | Excellent |
Discover® More(SM) Card - Sealife Collection
- 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 |
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%.
