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Compare reward credit cards

Reward credit cards, as the name suggests, are credit cards that reward you for using them. The incentives vary and are usually points or cashback that you earn as you spend.

 

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What can a reward card get you?

Rewards credit cards give you something back when you spend on them, such as:

  • Shopping and restaurant vouchers
  • Supermarket loyalty points (like the Club card and Nectar schemes)
  • Air miles
  • Cashback
  • Hotel vouchers
  • Football merchandise

What is a reward credit cards?

A reward credit card works pretty much the same as any other credit card. You can spend up to a set limit and, when you receive a monthly bill, you can either:

Pay off the balance in full, in which case you shouldn’t pay any interest (subject to the terms and conditions of your card)
Make a smaller payment, right down to a minimum set by the provider, but you will have to pay interest on the balance left on the card.

There’ll be a limit to how much you can spend on your card. If you go beyond the specified amount, you could face charges and it might even affect your credit rating.

But what is different is that you’re rewarded for using the card, usually with points, air miles, vouchers or cashback, depending on the card you’ve chosen.
Your application reference number

How does a reward credit card work?

Regardless of how you’re rewarded, the basic principle is the same: the more you spend, the more you’ll earn in rewards (although some cards will have caps on how much you can earn, especially cashback cards.)

Cards affiliated with high-street stores or supermarkets will usually give you more points for shopping in stores connected to the card. Once you’ve earned a certain number of points, you’ll be issued with vouchers to spend in store.

Other card issuers offer air miles, which you can put towards the cost of flights, holidays, spa breaks and even concert tickets from participating partners. Two of the most well-known air miles schemes are Avios and Virgin’s Flying Club.

Cashback reward cards work on the same principle, but you get money back instead – this could be cash credited back onto your card account or into your current account.

Alternatively, some cashback cards convert earned points into redeemable vouchers. If the card is associated with specific stores, you’ll usually be incentive to spend in those outlets and offered more cashback if you shop there.

Multiple credit cards with rewards

Reward cards are often competitive in other areas, enabling them to be used for various different purposes.

This means that even if you’re not a regular shopper or frequent flyer, some reward cards could be worth considering for the added benefits on offer.

For example, as well as points, many of the cards in our table above also offer long 0% interest periods on balance transfers, purchases or both.

However, as interest rates on reward credit cards are normally average at best, they’re only really suited to people able to clear their balance in full every month.

What is the best reward credit card?

There is no such thing as the “best” reward card, the best rewards credit card will vary according to the uses you have for each reward. If you do your shopping with a particular retailer, then their own reward credit card which gives you points to spend in their store can be attractive. However, if you do your shopping all over the place, even a really attractive rate of points rewards that can only be used in one store probably won’t be worth it.

Comparing reward credit cards

When it comes to choosing a reward credit card, consider your spending habits, the type of reward, any introductory offers and the APR.

To make it easy to find a match, you’ll be able to see at a glance what the key features of each card are. Start comparing right now to find a reward credit card that’s right for you.

Who do we include in this comparison?

We include unsecured loans you can get in the UK from our panel. Like other comparison sites, we make money when you click through to a product or service, or go on to purchase it after visiting our site. If you use one of our broker services, we make commission after you buy a product, but it doesn’t cost you anything extra. Our comparisons are free for you to use and you get the same or a better deal than going direct.