Review:
Points Based Credit Cards
overall review score: 4.2
⭐⭐⭐⭐⭐
score is between 0 and 5
Points-based credit cards are credit cards that offer rewards in the form of points for every purchase made using the card.
Key Features
- Earn points for every purchase
- Redeem points for travel, cash back, merchandise, etc.
- Bonus points for signing up or spending thresholds
- Special promotions and offers for cardholders
Pros
- Opportunity to earn rewards on everyday purchases
- Flexibility in how points can be redeemed
- Ability to take advantage of promotions and bonuses
Cons
- May come with annual fees or high interest rates
- Points can expire if not used in a certain timeframe
- Limited redemption options compared to cash back cards