What Are Rewards Credit Cards? And How Do They Work?
Rewards credit cards are a type of credit card that offer rewards or incentives to cardholders for using the card. These rewards can take the form of cashback, points, miles, or other types of rewards. These rewards are typically earned based on the amount of money spent using the card, with cardholders earning a certain number of points or miles for each rupee spent. Some rewards credit cards also offer bonuses for spending in specific categories, such as travel or dining. Cardholders can then redeem their rewards for things like statement credits, travel, merchandise, or gift cards. Rewards credit cards are a type of credit card that offers rewards or incentives to cardholders for making purchases with the card. These rewards can include cash back, points or miles that can be redeemed for travel, merchandise, or other benefits. How they work: Cardholders earn rewards based on the amount of money spent on the card. Some cards offer higher rewards for purchases in certain categories s