Rewards Cards guides

A rewards credit card pays you back for spending in the form of points, miles or cash back, and it is for you if you pay your balance in full and want something back from purchases you already make. This category covers all reward types, so it is the place to start if you have not yet decided between cash back and a points or miles program.

The main thing to compare is what a reward is worth to you. Cash back has a fixed value. Points and miles vary: the same balance can be worth more when transferred to an airline or hotel program and less when redeemed for gift cards or merchandise. Also compare the earning rates in your biggest spending categories, the annual fee, sign-up bonus spending requirements, and whether rewards expire.

Read the best rewards credit cards for an overview, then cash back vs points vs miles to choose a reward type. How much a point is worth helps you value offers. In Canada, the American Express Cobalt Card is one example of a points card.