What is the difference between a rewards credit card and a cashback credit card?
There is precious little difference between the two in theory, although many cashback cards have a low rate of return, often as low as 3%, so you would need to spend a significant amount on your card to receive a significant amount back.
Some reward credit cards can be tempting because they build towards a specific purpose. The AA, for instance, has a rewards card that provides extra points towards breakdown cover and other benefits every time you fill up with fuel. Alternatively, you can spend the rewards on the high street.
Loyalty cards are a neat trick that can serve you well, but they are designed to ensure you spend with the brand in question at both ends of the deal. Use them carefully though, and make sure you pay your balance quickly and you can enjoy the benefits of savings in the shops, on your holidays and for days out.
So start comparing rewards credit cards today with our comparison service. We’ll show you a list of the available cards ordered by the lowest APR% and give you all the details so you can easily find the reward card that suits your needs.