The best rewards credit card program has not been around that long. First, Discover came up with an idea for its cash-back offer, and then airlines got together with banks to issue credit cards that earned frequent flier miles. In addition to Discover's Cash Back program, here are just a few examples of best rewards credit cards to choose from.
Capital One offers credit cards for frequent flyers and shoppers who want to redeem rewards for travel, merchandise or cash back. Capital One also features platinum Visa and MasterCard credit cards with competitive rates designed for all types of credit.
Visa's best reward credit cards are the number one credit card used by people around the world, Visa cards offer exceptional convenience and reliability. Visa has unsurpassed acceptance in more than 150 countries, as well as at Internet merchants. And with a Visa credit card, you can get cash at more than 840,000 ATMs in the Visa Global ATM Network. It's a secure, reliable way to pay for anything you need, anywhere in the world.
American Express best rewards credit cards offer rewards programs and great rates. Cards include Platinum and Gold Charge Cards, Delta SkyMiles, Starwood Preferred Guest(R) Credit Card, and True Earnings(R) Card from Costco and American Express.
These cards are wonderful and do offer great values. But if you're the kind of credit card user who carries a balance, best rewards credit cards may not be good for you. When you have a balance, you may be eligible for the rewards, but it will be more than negated by interest charges. Unless you are the type of person who has the discipline necessary to pay off your balances when they come due, chances are the interest charges will overcome you best rewards credit cards value.
Don't get sucked in by 0% offers on rebate cards; after they expire, you'll typically pay a much higher interest rate than you could find if you looked for a low-rate, non-rebate card.
Make sure that you understand how a best rewards credit card works before you apply. View their programs, and be aware that the rewards can vary with use.