Getting rewarded for using your credit card with shopping vouchers, free flights or other freebies can make paying on plastic profitable. Here’s how to pick the best reward credit cards so you get something back from your credit card as you spend.
If you want to make your credit card work harder and get rewarded each and every time you pay by plastic then you should consider taking advantage of one of the many credit card reward scheme incentives available in the UK.
Rewards credit cards are most suited to people who regularly spend on their credit card but also clear the outstanding balance in full each time they get their statement.
This is because the interest rates applied to rewards credit cards tend to be higher than average. As such if you don't clear the balance in full the interest charges that accumulate are likely to outweigh the benefits of the credit card reward scheme you're taking advantage of.
If you are going to need to transfer a balance from an existing credit card, or spread your repayments over several months then you should look for cards that offer 0% deals on purchases or balance transfers rather than credit cards with rewards; this will help to make your borrowing is a cheap as possible.
If you decide that a rewards credit card is the right option for you then it's simply a case of working out which card will give you the most value.
This is because there's no one best credit card for rewards, instead the best reward credit card for you will depend entirely on which of the different perks and benefits on offer most appeal.
A host of different rewards are available from reward credit cards, with the most popular including air miles, shopping vouchers, wine deals and cash back. So, before you make a decision it makes sense to compare the various credit card rewards offers to find the most attractive package.
When comparing benefits credit cards consider how much you’ll spend, how frequently you'll use the card, and how long it's likely take for you to accumulate enough points to receive the reward you are looking for.
You can compare credit cards with rewards using our rewards credit card comparison table to make sure you find a card that rewards you for your custom in the way you want it to.
