Credit Cards

Learn all the main pros of rewards credit cards

You can get a lot of benefits with credit cards. We'll show you the pros of credit card rewards to optime your money in every purchase. So, to take advantage of your credit cards, read this article to learn how to do it.

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by Julia Bermudez

04/08/2022 | Updated on 07/26/2022

Credit card rewards: use them wisely and they can help you!

beautiful woman using credit card
Your credit card can help you save money with rewards. Source: Freepik.

There are many pros of credit card rewards to talk about. We all heard about miles, points, and cashback. It gets more and more common and we know there are many ways to benefit from a credit card. So which are the rewards you can get by using them? Which ones serve you the most?

Think about the meaning of the word reward: you do something for someone and get something valuable for you in exchange. What you’re doing is putting your money to revolve on the credit card issuer accounts. This can be a curious relation, as the issuer is offering you credit, which is something that you need in the first place. But, as the credit cards market is growing more and more, credit cards are now trying to catch cardholders by offering rewards. The ones who offer the best conditions will get the cardholder’s money. That’s the free market operating in this case.

As a wise person who takes finances very seriously, you need to learn about this topic. You can optime your money, by getting a little part of it back to your pockets. So, if you want this information, please read on.

A list of the main credit card rewards

man with passport
If you love to travel, chose a credit card with travel benefits. Source: Freepik.

As the credit card market develops, they need to get more creative about the benefits, perks and rewards programs. Let’s talk about some of the rewards you can see around this topic:

Points

As it main seems like a game, some people take them very seriously. That’s because collecting points can save you a good amount of money if you’re an experienced credit card user. Points are one of the most flexible rewards to get on a credit card. Depending on the flexibility of your credit card issuer’s rewards program, you and redeem your points for many perks and benefits:

  • Gift cards.
  • Merchandise, sometimes from selected stores.
  • Cash back or a statement credit.
  • Travel: air tickets, hotel upgrades, car rentals, access to airport lounges, etc.
  • Tickets for entertainment and cultural events.

Cashback

This sounds like music to the ears: cash back. We hate to see our loved money going away, especially on things we can not choose to spend it or not. Everybody needs to eat, fuel the car, buy medicines, clothes, etc. Some cards offer a tiny bit portion of your money back to your hands. Mostly, it’s not much, it’s cents. But if you gather all of them during a month, or a year, or many years, this can turn into a good benefit. The cashback rates tend to go from 0.5% up to 10% on bonus categories.

Travel perks

This one is classical! When not every mortal human being get to use a credit card. there was this category of persons who got miles as rewards. The thing was: for each mile you travel, you got one mile back to travel again. Nowadays, we have a wide variety of travel cards with many perks and benefits. You can get miles or points as you purchase with your credit card, and redeem them for air tickets, rental services, hotel upgrades, and more. There are also premium travel credit cards that offer elite status at hotels and airlines, preferred boarding, exclusive access to airport lounges, and special events. Some offer a personal assistant to help you with your trips.

All the benefits and pros of credit card rewards

person doing online shopping
You can use your rewards to buy online. Source: Freepik.

But everything has pros and cons. It is not that the rewards have something bad, but we need to use them right to get the benefits. Otherwise, we may just lose our time chasing rewards like a game without knowing if it’s worth it. Let’s talk about the cons and pros of credit card rewards.

Pros

  • Optimize your spending by getting rewarded for it.
  • Access exclusive benefits for cardholders.
  • A good rewards card has no annual fee or the possibility to surpass its value with the rewards.
  • You can save money on important things for you, like trips, streaming services, online purchases, and much more.

Cons

  • You can end up spending more than you would normally do to get more points.
  • The emotion of the rewards program can seem like a game. Remember this is real money that you’re spending, and sometimes the rewards are not worth it.
  • Don’t apply for credit card rewards without paying attention to the bonus categories. If you like to go out for dinner at restaurants, but your credit card gives a bonus only for groceries, you won’t get as many rewards as you could. Look for a credit card that fits your lifestyle.

5 great credit cards with rewards: find the best option for you!

Customer making payment through payment terminal at counter
Use your credit cards strategically and pay attention to the bonus categories. Source: Freepik.

To help you understand the rewards, we’ll show you 5 credit cards with rewards, so you can take a look at their features.

Citi® Double Cash Card

Do you want a credit card that will give you cash back on every purchase? Then the Citi® Double Cash Card may be the perfect fit for you. With this card, you’ll earn 2% cash back on every purchase – 1% when you make the purchase and another 1% when you pay your bill.

Credit ScoreGood/Excellent.
Annual Fee$0
Regular APR14.24% – 24.24% (Variable)
Welcome bonusNo welcome bonus is offered.
Rewards2% cashback (1% in every purchase and 1% when you pay your credit card bill).
city double cash credit card

How to get the Citi® Double Cash Card?

Getting cashback is one of the best features of a credit card. Having a double cashback is even better. Would you like to apply for the Citi® Double Cash Card?

Capital One Quicksilver Cash Rewards

Are you looking for a credit card with great rewards? If so, the Capital One Quicksilver Cash Rewards card may be a good option for you. This card offers 1.5% cash back on all purchases, making it one of the most rewarding options out there.

Credit ScoreGood/Excellent.
Annual Fee$0
Regular APRIntro 0% APR for 15 months; 14.99% – 24.99% variable after that.
Welcome bonus$200 cash bonus after spending $500
Rewards1.5% cashback on every purchase.
Capital One Quicksilver Cash Rewards card

How to get the Capital One Quicksilver?

Learn today how to apply for the Capital One Quicksilver Cash Rewards card and enjoy cash back without worrying about annual or foreign transaction fees.

Chase Freedom Unlimited® card

If you’re looking for a card that offers flexibility and convenience, the Chase Freedom Unlimited® card might be right for you. This card comes with no annual fee and allows you to earn unlimited 1.5% cash back on all purchases. Plus, you can redeem your rewards in any amount at any time.

Credit ScoreGood/Excellent.
Annual Fee$0
Regular APR14.99% – 23.74% (variable)
Welcome bonusAdditional 1.5% cash back on every purchase (on up to $20,000 spent in the first year)
Rewards5% cash back on travel purchased through Chase Ultimate Rewards;
3% cash back on dining and takeout;
3% back on drugstore;
1.5% cash back on all other purchases.
Chase Freedom Unlimited® credit card

How to get Chase Freedom Unlimited®?

Looking to get more out of your credit card? Chase Freedom Unlimited® offers cash back, perks, and benefits that can help you make the most of your spending.

Amazon Prime Rewards cards

If you’re an Amazon Prime member, then you may want to consider getting one of the new Amazon Prime Rewards cards. These cards come with a ton of benefits, including 5% back on all Amazon purchases, no annual fee, and special rewards offers just for Prime members.

Credit ScoreGood/Excellent
Annual Fee$0
Regular APR14.24% – 22.24% (variable)
Welcome bonus$100 Amazon gift card
Rewards5% cash back at Amazon and Whole Foods;
2% cash back at restaurants and more.
Amazon Prime Rewards credit card

Application for the Amazon Prime Rewards card

Wondering how to get your hands on an Amazon Prime Rewards card? We'll show you how easy it is to apply so you can start earning stellar bonus points in all your spending

Luxury Titanium card 

Looking for a credit card that will make you feel like a celebrity? Look no further than Luxury’s Titanium card. This card comes packed with exclusive rewards and benefits, not to mention world-class customer service. Whether you’re looking to treat yourself to some luxury items or just want a top-of-the-line credit card, the Titanium is perfect for you!

Credit ScoreExcellent
Annual Fee$195
Regular APR14.99%, Variable
Welcome bonusNo welcome bonus.
Rewards1x point per dollar spent.
2% cashback for airfare redemption
1% for cashback redemption
luxury titanium credit card

How to apply for Luxury Titanium credit card?

The Luxury Titanium credit card is, in fact, a luxury from start to end. If you wish to have a premium travel card like this, you have just found it.

About the author  /  Julia Bermudez

Julia Bermudez is a writer here on this portal. Since childhood, writing has been a passion, and her curiosity for different subjects led to this profession. Julia has a degree in Cultural Production, and her subjects of most significant interest are health, finances, and self-development.

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