Review:
Points Based Rewards Credit Cards
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
Points-based rewards credit cards are credit cards that offer rewards points for each purchase made using the card. These points can be accumulated and redeemed for a variety of rewards such as cash back, travel miles, gift cards, or merchandise.
Key Features
- Earn rewards points for every purchase
- Redeem points for cash back, travel rewards, gift cards, and merchandise
- May offer bonus points for certain spending categories
- Some cards may have annual fees or higher interest rates
Pros
- Opportunity to earn valuable rewards on everyday purchases
- Flexibility to choose how to redeem earned points
- Some cards offer sign-up bonuses or promotional offers
Cons
- Potential for high annual fees or interest rates on some cards
- Points may expire if not used within a certain timeframe
- Limited redemption options compared to cash back cards