A rewards program may be a wonderful additional feature on your credit card. If you want to earn bonus points or cash rebates for purchases you make with your card, consider applying for one of these universal point rewards deals.
Charging your purchases to credit cards with point rewards you will be getting about 1 to 5% of the paid amount back in terms of cash back, with the percentage depending on the vendor and type of the purchase. You earn points at gas stations, grocery stores, merchandise - all the places you regularly shop at. What is more, points are easily redeemed for almost anything you want or you can even get cash back directly deposited into your account.
Many believe that cash is king, but that is not always true with so many rewards programs available these days. There are a lot of credit cards that offer point rewards. Point rewards are often hard to comprehend, but when you manage to do it, you may find them more rewarding in comparison with other rewards programs.
Point rewards are what credit card companies use to keep track of how much you've earned in rewards. Each point is usually worth one penny but it can change when you redeem your points. Often one point is worth more than a penny. Travel credit cards may offer point or miles, where miles are basically the same points but named differently.
Point rewards can be redeemed for anything but some credit card issuers offer just several redemption options. Issuers have special portals where cardholders can earn additional points or redeem them for merchandise, travel, and gift cards. Also, there are issuers that allow points transfers where you transfer your points to another rewards program or convert them into miles.
So, basically points are universal rewards and can replace miles rewards and cash back rewards. If you can manage point rewards, you can manage any rewards program.