Credit Card Rewards
Air Miles:
A popular reward program, where cardholders earn a certain number of air miles in exchange for dollars spent on the card holder's account.
Cash Back:
A rewards program where a cardholder receives cash back on a percentage of purchases made on the credit card.
Rewards Credit Cards:
Certain credit cards that offer cash back, air miles, points, or other rewards.
Rewards:
Bonuses such as cash back, airline miles, points, and other rebates offered by some credit cards to card holders.
In most cases, credit card rewards are earned based on how much you spend on your credit card.
Rewards Type:
The most common categories of rewards are:
-- 'Miles' will either give you:
Miles on the frequent flyer program of a particular airline (e.g. Delta Miles) OR
Miles on a credit card company's rewards program (e.g. Capital One Miles)
-- 'Cash Back' will give you Cash (or a "Rebate") that is a percentage of the purchases you make (e.g. 1% Cash Back)
-- 'Hotel Points' will give you points on the rewards program of a particular hotel chain (e.g. Hilton points)
-- 'Points' will give you points within the credit card company's rewards program (e.g. American Express Membership Rewards Points). They usually can be redeemed for merchandise, gift certificates, and travel.
Rewards Initial Bonus:
Some Rewards Credit Cards offer a bonus for taking an initial action.
The initial action varies between credit cards that offer an 'Initial Bonus'. Some credit cards will award you the bonus after the first puchase, others after you spend above a certain amount within a specified period of time, etc.
Rewards Base Earn:
Some Rewards Credit Cards offer a different amount of rewards depending on how much you spend and what type of purchase you make.
Base earn refers to the minimum amount of rewards that all your purchases will earn.
Rewards Max Earn:
Some Rewards Credit Cards offer a different amount of rewards depending on how much you spend and what type of purchase you make.
Max Earn refers to the maximum amount of rewards that you can earn for every dollar that you spend.
Rewards Limit:
Some Rewards Credit Cards have a limit to either the annual number of rewards (i.e. cash back, miles, points, etc.) you can earn and/or to the annual number of rewards you can redeem.