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 - Monogram
- 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%* | Excellent |
American Express(R) Premier Rewards Gold Card
- Earn 15,000 Membership Rewards(R) bonus points when you spend $1,000 in your first 3 months of Card membership
- Earn Membership Rewards points up to three times as fast: You can earn 3X points on airfare, 2X points on gas and groceries, and 1X points on everything else
- Earn 15,000 Membership Rewards bonus points when you spend $30,000 per calendar year.
- No annual fee for your first year, a savings of $175
| Intro APR | Intro Period | Regular APR | Annual Fee | Balance Transfer | Credit Needed |
| N/A | N/A | See Terms* | See Terms* | Good |
Biodegradable Discover® More Card
- Help protect the planet with the new biodegradable Discover Card
- Card plastic breaks down 99% within five years in landfill conditions
- 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%.
