Credit Cards

Are Points Rewards Credit Cards Worth It?

Rewards credit cards are those who offer miles, points, or even cash back with each purchase. Many people swear by this type of card, but others let the cards use them instead of using the cards, which only increases their debt-load. If you are not able to control your spending, it may not be a great choice for you. Those who pay off their credit cards each month will get more value from a rewards credit card.

Choosing a Rewards Credit Card

These credit cards advertise how many points that can be earned from signing up and spending, but often it is not clear what you get for these points. Even if you earn high points or miles, if the reward takes a million points or miles, then it is probably not worth it. The key is to find a card that works for your spending level and has excellent redemption values for the rewards you earn.

credit cards rewards

How Much Can You Earn?

In a 2018 U.S. News survey (Herzog, 2019), it was found that 53 percent of those who responded earned more than $300 in rewards value in just the first year. Twenty percent of those responded earned more than $1501 in a year, so if you use the card frequently, it can give you significant rewards.

Some cards offer a flat rate of earnings, while others earn bonus rewards for spending in certain categories. Understanding your rewards program is essential to getting the maximum value from it.

reward credit cards

How Can You Earn High Points?

The key to earning high points is using your credit cards instead of your debit card, cash, etc. Then pay it off at the end of the month. If this is done consistently, you can earn high points and earn rewards for many different things, including trips, cash, and more. Some have substantial sign-up bonuses of 50,000 points or more.

The key to getting the maximum value from a reward credit card is keeping the card paid off and using it as your main form of payment for everything. In this way, you can earn points and keep your debt low. Use the cards – don’t let them use you.

Work Cited

Herzog, B. (2019, October 17). U.S. News and World Report. Retrieved from U.S. News:

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