First Credit

Reward Credit Card Review

Determining which credit card you want to apply for can be determined by the types of rewards programs offered by the credit card companies if they offer rewards that work for you. If your credit score is good and you pay your credit card bills on time each month then there are a variety of reward credit cards open to you.

What to look for:

You want to examine any rewards program offered by credit card issuers carefully. Look for cards that offer multiple types of rewards programs including cash back and purchasing your discounts. You want to be able to use the card anywhere and still get your cash back or discounts so look for cards that don't restrict you to their purchasing site or brand. Make sure you are not paying more in fees or interest charges than you will benefit from a rewards program. Here are a list of cards with rewards programs for your consideration.

TrueEarnings card from Costco American Express. This card is open to Costco members only so you will have to pay the membership fee at Costco to qualify for this card. This card offers a cash back program on almost any purchase. There is no other annual fee for the card except the Costco membership fee. You get 1% cash back on any purchase at Costco or any other purchases made anywhere with the card. There are higher cash back offers for purchases in the travel category including 3% for restaurants, 2% for travel and 3% for gas purchases. The rewards are redeemable at Costco for cash or merchandise.

Discover More Card. Discover more card while not accepted at all retail or travel locations does offer a 5% cash back reward on selected categories of purchases made with the card. Discover's cash back categories change every month as determined by the company. You get 1% cash back on all other purchases made using the card. There are spending caps or limits on some of the category purchases. The rewards can be redeemed for merchandise, gift cards and other types of rewards.

American Express Blue Cash. The Blue Cash card offers up to 5% in cash back rewards according to different categories in a program very similar to the Discover cash back program. The categories stay the same with the Blue Cash card including gas, grocery, drug store and other everyday purchases. For non-category purchases made with the card you get 1.25% cash back. None of the cash back rewards kick in until you use the card for $6,500 in purchases per year. Until you have reached that limit you receive 1% cash back on everyday purchases and 0.5% on all other purchases made with the card. So if you are not likely to spend at least $6,500 a year on this credit card go with another card.

Reward credit cards are credit cards that generally offer some type of reward for purchases made using the card. The best reward credit cards offer rewards such as cash back and points on purchases while some offer travel and hotel rewards as well. Reward credit cards are generally for people with a good to excellent credit card score or credit rating. This would require a credit score of at least 700-749 for credit cards that require good credit and a credit score of 750 or above for credit cards that require excellent credit. If you have good to excellent credit, compare and apply for the best reward credit card below. See also Credit Cards with Rewards and hotel rewards points