Editorial Policy

Comparing Reward Credit Cards? This Can Help.

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By Steven Gibbs
July 23, 2010

When it comes to reward credit cards, there is no doubt that they have become one of the most popular types of plastic of 2010. Over the years we have seen many changes that have made reward cards more rewarding than ever, and many can ultimately pay for themselves with double rewards on everyday purchases.  Because of these changes even during a time where cardholders’ interest rates have risen, these types of credit cards have continued to be one of the top choices.


Because of the attention reward credit cards continue to receive, we have seen multiple issuers release new cards to compete for cardholders’ attention. With so many cards being made available in the market today it is has become harder than ever to find the right one for you. In an article entitled "5 Tips to Compare Rewards Credit Cards" we find that looking for a rewarding plastic can be simplified a little by doing a little research. Before applying for any rewards card it is best to know the following:

  • Understand the true value of rewards earnings
  • Know if rewards are on a tier or can be capped
  • Know if higher rewards are on a temporary basis
  • Look for point expiration dates and penalty clauses
  • Know if rewards can be transferred across multiple categories

Just like with any credit card, rewards cards can be beneficial when used correctly but can also be a headache if it is not. While earning double miles or additional cash back may be great, some stipulations and payment habits can sometimes end up leaving you coming up short on rewards and also ultimately cost you more in the long run. To get the most out of your rewards card it is best when payments are made on time and in full. By doing this cardholders won’t be charged late fees or interest charges which ultimately can negate the value of any rewards that are accrued by making purchases.