Types of credit card reward programs

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Travel with Credit Cards » Types of credit card reward programs

Types of credit card reward programs


Updated: December 26, 2012

By
Add to Favorites:
Those who are looking for credit card reward programs should know that even credit card reward programs contain various types. Each reward program targets a specific type of audience. More importantly, credit card customers are able to benefit from one type of reward program but might not get any advantage from another. So it is quite important from the point of view of the credit card customer, to apply for the credit card, which offers rewards that suit them. Frequent shopper reward programs This type of reward program targets customers who are frequent shoppers and are looking for discounts at specific merchants or on specific brands. Customers who shop often in categories such as kitchen appliances, clothes, jewellery or electronics can get very good deals on these credit cards, or even reward points which can be redeemed periodically to take advantage of further discounts. This type of reward program is especially beneficial during the holiday season and you are out buying a lot of gifts for friends and family members. Frequent flyer reward programs Over the years, these reward programs have been offered to the best credit card customers with excellent credit rating. In this reward program, the credit card holders will be offered frequent flyer miles on every purchase. Usually the number of miles depends on your status, and may vary to some extent. These air miles can be redeemed for discounts on airline tickets. Interestingly, not all airline cards allow you to redeem your air miles easily, so you will have to go by reputation and pick cards where the airlines do not have any blackout dates. Some reputed airlines will even facilitate redeeming points for your partner, especially if you have an elite status. These points can also be redeemed in the form of magazine subscriptions or hotel stays in some case. This reward program suits those who travel often and hence get opportunities for staying in hotels and flying from one place to another frequently. Special privileges such as travel lounge is also available. Fuel points Given the recent increase in gas prices, these credit card reward programs can prove handy too. They allow you to obtain discounts on the fuel you purchase. If you take your vehicle to work every day and cover quite a distance, your fuel costs might be significant. In these cases, this card reward program can prove really handy, allowing you to get rebates at gas stations. Cash back offers These are once again offered to credit card customers with the best credit rating. Cash back offers are very beneficial for customers who have normal expenses and neither travel a lot or prefer shopping a lot. They can make their credit card reward count by getting a cash back of fewer than $100 from all their expenses at department stores, fuel stations and shopping malls. The percentage of cash back may vary from place to place, but it is usually around 1% for general purchases and slightly more for drug stores or gas stations.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Other Travel with Credit Cards Research:

Related Research:

5 Reasons to Get the Capital One Venture Miles Rewards Card

5 Reasons to Get the Capital One Venture Miles Rewards Card

By Herbert Moore, Posted: January 18, 2017

If you’re looking for a great travel rewards credit card—one that offers unlimited earning opportunities, flexible redemption, and lots of perks—look no further. This card from Capital One has you covered. Continue reading
Credit Card Tips For Holiday Shopping 2016

Credit Card Tips For Holiday Shopping 2016

By Herbert Moore, Posted: November 23, 2016

November and December are the busiest months as gift shopping reaches its peak. People rush around looking for the best gifts and the best deals leaving a lot of money in the shops. Holiday season may force you to go over the household ... Continue reading
Credit Cards to Save More on Holiday Shopping

Credit Cards to Save More on Holiday Shopping

By Herbert Moore, Posted: November 22, 2016

Discounts and special offers are available all year round. Werther you are a bargain hunter or an impulse buyer, make sure you check online discounts and special offers. Also, if you are a cardholder, see if your credit card opens the door ... Continue reading