Rewards credit cards

Updated 1 Mar 2024

While similar to cashback cards, rewards cards earn points that can be redeemed for travel, goods, and services. They're more suited to those who prefer to travel.

Although there are caps and tiers on rewards credit cards, they tend to be much higher than the limits imposed on cashback credit cards. In other words, you can continue earning rewards points on more of your spend than you would earn cashback.