Credit Card Rewards

Programs set up by credit card companies to encourage more spending using credit cards as the payment type.

Usually a credit card rewards program offers the card holder airline miles, cash back, or points that can be used towards gift cards, cash, travel, and other luxuries.

Credit card rewards usually award the card holder with somewhere between 0.5% and 5% of the amount they charge to their cards. For example, by spending $100 on a “double miles” travel rewards credit card the card holder earns 200 points, which is equivalent to $2 worth of travel (2% of the amount originally charged).