What is a rewards card? - Credit Card Rewards FAQ

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Credit Card Applications » Questions » FAQs » Credit Card Rewards » What is a rewards card?

What is a rewards card?

Answered on | Updated on August 14th, 2017
The content is accurate at the time of publication and is subject to change.

Broadly speaking, a rewards card is a card that gives incentives (points, miles or cash back) for the amount of money you spend with the card. Rewards cards can be co-branded or they can be general use cards issued by a major bank or credit card issuer. The way rewards cards work is not different from regular credit cards, only you will receive some % back from your credit card spendings. In most cases, you won’t need to do anything to earn rewards, all you should do is shop and receive your cash back, points or miles. But sometimes you should enroll to have an opportunity to earn additional rewards. All your earnings on a reward card are not pure cash you can freely use. You should redeem your earnings and redemption options may be limited to cash, merchandise, travel expenses or some other expenses.

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All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
Excellent, Good Credit
Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
Excellent, Good Credit

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