Cash Back & Reward Credit Cards

Credit Cards — What are Cash back and Reward Credit Cards

Cash Back Cards

In this arrangement, cardholders who use their cash back credit card to pay for purchases, qualify for a cash back payment from by the card issuer. The payment may be in the form of actual cash, or vouchers, or points. If it is cash-based, the cash is likely to be paid directly into the cardholder’s account; where the rewards are points or vouchers, both can usually be redeemed at leading high street retailers.

Generally speaking, the amount of cash back is based on the amount the cardholder spends. Some card issuers may, however, offer higher amounts of cash back initially, but the amount of cash the cardholder will receive over the introductory period, may be subject to a limit.

See the best cash back credit card offers here.

Reward Cards

A reward credit card earns the cardholder ‘points’ whenever he or she uses the card to purchase for goods or services. The card issuer may, for example, award the cardholder one point for every £1 he or she spends. When the cardholder has sufficient points, he or she may be able to exchange those points for shopping vouchers for use at a particular store or stores, to obtain discounts on air fares or to pay for admission tickets at entertainment outlets.

Check out the best reward credit cards here.

More easy to understand explanations you may like:

What are Balance Transfer Credit Cards.

What are 0% Spending Credit Cards.

Low Rate Credit Cards – What to look out for?

Premium Credit Cards – What is the difference?

Earning Air miles with your Credit Card.

Credit Cards that can help repair your credit score – How?

What is a normal balance transfer fee?

Use my comparison tables to compare:

Balance Transfer Credit Card Deals

0% on Purchases and Spending Credit Cards

Cash Back Credit Cards

Reward Credit Cards

Low Rate APR Credit Cards

Premium Credit Cards

Air Miles Credit Cards

Credit Builder & Repair Cards


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