Regardless of how you’re rewarded, the basic principle is the same: the more you spend, the more you’ll earn in rewards (although some cards will have caps on how much you can earn, especially cashback cards.)
Cards affiliated with high-street stores or supermarkets will usually give you more points for shopping in stores connected to the card. Once you’ve earned a certain number of points, you’ll be issued with vouchers to spend in store.
Other card issuers offer air miles, which you can put towards the cost of flights, holidays, spa breaks and even concert tickets from participating partners. Two of the most well-known air miles schemes are Avios and Virgin’s Flying Club.
Cashback reward cards work on the same principle, but you get money back instead – this could be cash credited back onto your card account or into your current account.
Alternatively, some cashback cards convert earned points into redeemable vouchers. If the card is associated with specific stores, you’ll usually be incentivised to spend in those outlets and offered more cashback if you shop there.