Rewards card
Cards & borrowingA credit card that offers points, miles, or other rewards for spending.
Overview
Rewards can be travel points, vouchers, or cashback-style benefits.
These cards may have higher interest rates or fees.
Why it matters
- Rewards can offset some costs if you pay in full.
- Fees may reduce the value of rewards.
- Carrying a balance can make rewards expensive.
FAQs
Are rewards cards worth it?
They can be if you pay in full and use the rewards well.
Do rewards cards affect my credit score?
They affect your score like any other credit card, based on usage and payment history.
Related terms
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