Skip to main content

«  View All Posts

Credit Card | loans

How to Choose The Best Rewards Credit Card

September 28th, 2023 | 8 min. read

How to Choose The Best Rewards Credit Card

Print/Save as PDF

 With so many options out there, it's easy to feel overwhelmed about picking the right card. But fear not, because I'm here to show you that the rewards can be highly satisfying if you know the ropes! 

DID YOU KNOW 23% of rewards cardholders haven't redeemed any rewards over the past year according to a new creditcards.com survey, crazy- right?!  
giphy-Sep-13-2023-09-23-47-1201-AM
Via Giphy

Hopefully, they're not missing out on some rewarding opportunities and they're all just waiting on the right time to redeem for a nice big vacation. 
 

From getting cash back on your daily coffee fix to earning flight miles for that dream vacation, rewards credit cards can be a game-changer if you choose wisely.

Lucky for you, we'll cut through the jargon and equip you with the know-how to pick the perfect rewards credit card for your lifestyle. Let's get started!

 

MBA-Iconwhat is a rewards credit card? L&G--Image-Bubble-Template-woman-using-credit-card-to-shop

Imagine going shopping, swiping your card, and getting a little something back each time. Sounds pretty sweet, right? That's what rewards credit cards do! They're like your best shopping buddy who always pitches in.

want to take a quick step back to learn the basics of rewards credit cards?

I understand! Here's what a rewards credit card actually is, how it works compared to a regular credit card, and more.

What Is a Rewards Credit Card?

 

here's a quick look at what we'll cover

 

open-card-icon-whitewhat different types of rewards credit cards can you get?

There are several types of reward credit cards to choose from including: 

  • Cash Back Cards: These are the equivalent of that friend who always insists on paying you back. For every purchase you make, they give you a percentage back in cold, hard cash (well, usually as a statement credit, but you get the idea).
  • Points Cards: These cards are like that friend who loves to trade. You earn points for every dollar you spend, which you can trade in for goodies like merchandise, gift cards, or travel bookings. It's like a game where spending money earns you points and points earn you fun prizes!🥳
  • Travel Rewards Cards: These are for those bitten by the travel bug. Every purchase brings you closer to your next vacation. You earn miles or points you can put towards flights, hotels, and sometimes even car rentals. Some of these cards also give you VIP perks like lounge access, just to add a sprinkle of luxury to your journey.
  • Airline Rewards Cards: Frequent flyer? Then these cards might just be your ticket to paradise. They earn you miles with specific airlines and can get you priority boarding, free checked bags, and more. It's like flying first class without the price tag!
  • Gas Rewards Cards: Your perfect road trip companion. Every time you fuel up, you earn points or cash back. With one of these in your wallet, every drive is just a little bit sweeter.
  • Store-Specific Cards: These are like being part of an exclusive club. You get special rewards when you shop at specific stores or brands. It's like the store's way of saying "Thanks for your loyalty, here's a treat!"
  • Rotating Categories Cards: These are for those who love a good surprise. Every quarter, the categories in which you earn extra rewards change. It could be groceries one quarter, gas stations the next, and restaurants the quarter after that.

There are quite a lot of cards to choose from but when selecting can mainly come down to what you want or need. 

 

bubble-png-girl-writing

Lightbulb-Icon

what to consider when selecting a rewards credit card?

When looking for a rewards credit card, it's essential to ask the following questions to make an informed decision.

 

What Are My Financial Goals?

What's My Credit Score?

How Will the Card Impact My Credit Score?

What Is the Annual Fee?

What Type of Rewards Do I Want?

Do I Want a Low APR?

Are There Introductory Offers?

Are There Any Fees Beyond the Annual Fee?

What Is the Redemption Process for Rewards?

What Benefits Come with the Card?

Is there a Rewards Cap or Expiration Date?

What's the Customer Service Reputation of the Card Issuer?


 

Credit-Card-Icon-whitedoes skyla have a rewards credit card?

giphy-Sep-13-2023-02-02-31-1027-PMVia Giphy

plat reward card cutie-01

 

It's our Visa Platinum Rewards Credit Card!   

This beauty lets you buy what you want and get rewarded for it! From now until December 31, 2023, you can earn double rewards points on all purchases.* Yes, you heard that right, "double"!  But wait, there's more!

 

Product Details:

 

whats next? 

Alright, we've covered quite a bit of ground here, haven't we? We've demystified the world of credit cards, rewards, and all those pesky little details that can sometimes seem as clear as mud. But remember, the most vital part of this journey is you! It's all about finding the card that syncs with your lifestyle, spending habits, and financial objectives.

Your next step? Put everything you've learned to the test and start searching for that special card that'll make everyday spending more rewarding. 

When you discover the rewards credit card that suits your lifestyle and spending habits, don't hesitate to make the most of it. Remember, every purchase opens up a world of lucrative opportunities and perks. Experience the thrill of earning while you spend, and enjoy the myriad of benefits that come with your card. Don’t let these rewarding opportunities slip by.

giphy-Sep-11-2023-08-39-27-1970-PM

Via Giphy

As always If you have any questions or comments, our Customer Service Representatives are here for you. You can send an email, give us a call at 704.375.0183, or visit any of our branches

OK, SO HERE'S THE FINE PRINT

 

Yanna

Yanna

As the Content Specialist and author of the Learning & Guidance Center, Yanna enjoys motivating others by uncovering all that's possible in the world of finance. From financial tips and tricks to ultimate guides and comparison charts, she is obsessed with finding ways to help readers excel in their journey towards financial freedom.

LEARNING & GUIDANCE

more resources for your credit card journey

How to Best Use a Credit Card

Credit cards can be great but can also be a massive headache if you don't know how to use them responsibly. Here are the best ways to use a credit card.

12 min. read

What Happens If You Have 0% APR Credit Cards?

Looking for a credit card that offers a zero percent interest rate? Here’s what happens and what to keep in mind when you sign up for this kind of credit card. 

8 min. read

Join our Mailing List & get articles sent straight to your inbox
Not Sure Where to Start? The Path to Credit Card Confidence: Step-1 reward credit cards basics Learn what a rewards credit card is and what it entails.

Learn More

Step-2---Youre-Here choosing a rewards credit card

Here's how to choose the best one for you. 

Step-3 Master Using Credit Cards Effectively

Here are the best ways to use a credit card.

Learn More