Rewards credit cards are the perfect cards for people who don't necessarily have a specific purpose for their card, like travel or business, but want all the perks available for using their credit card often. The premise of Rewards credit cards is simple - for day to day purchases, just by using the card you will get cash back rebates and/or rewards in the form of preferred status, money off on gas stations or entertainment, or special gifts through the different companies' rewards programs. The rewards can vary, from 1% on every purchase to up to 5% on rotating categories, via a flat percentage or sometimes a point system. We recommend these cards to just about every one, in fact, there really isn't a reason to not have a top cash-back card in your wallet.
There are definitely a few important things to remember when using cash back cards. Firstly, these cards are most beneficial when you don't carry a monthly balance. If you carry a high monthly balance, the credit card companies are going to charge a hefty interest fee on your debt. This goes for just about any card, but because these cards are designed for everything, they tend to have an extra steep interest rate. Secondly, if you're specifically interested in Travel and booking trips it is worth looking into Travel Cards. The standard Rewards cards will have universal points systems, but many airlines have cards that help you earn miles faster.