Compare rewards and points credit cards

Reward credit cards

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What credit card rewards are there?

A reward credit card recompenses you for spending. There are different types of reward credit card but typically, such cards might reward the cardholder one point for every £1 they spend. These points can usually be converted to earn rewards such as:

  • Shopping vouchers.
  • Discounts in retail or entertainment outlets.
  • Some cards even allow you to collect points to put towards the cost of flights.

How to find the best rewards credit cards for you

Finding the best card for you is simple - follow these easy steps:

  1. Decide on the rewards you want to receive
  2. Calculate your spending on the card each year
  3. Compare rewards you would earn on that amount for each card
  4. Check application criteria to ensure you are likely to be accepted

How to cash in your reward

Some cards offer different rewards depending on where you spend in order to promote shopper loyalty. For example, you might earn one point for every £1 you spend in a particular store, but one point for every £2 spent at certain other retailers. Some cards will offer cashback with major supermarkets such as Tesco, Asda, Morrisons and Sainsbury's, and also at department stores including Debenhams, Marks and Spencer and John Lewis.

There are usually restrictions on how you cash in your reward, too. Some cards, for example, only allow you to redeem points against purchases in one particular store, or in a limited number of outlets.

Clear your debts in full

The interest rates on reward and points credit cards are not normally particularly competitive. These cards are therefore only really suited to people who can afford to clear their balance in full every month. If you allow debts to build up, you will almost certainly pay more in interest than you will get back in rewards.

You should also look carefully at the terms and conditions of reward cards. After all, if you are not a frequent flyer, why bother collecting points towards flights? And if you aren’t a regular shopper, a reward card might not be the best choice.

There is also little to be gained by transferring a balance to a reward card as you normally only earn rewards when you spend on the card.

Multiple reward cards

Some people prefer the flexibility of cashback cards, which give you cash back every time you spend. Of course, there is no reason why you shouldn’t take out multiple cards to make full use of all the different types of reward – as long as you can keep track so that your debts are always under control.

Compare reward and points credit cards

MoneySuperMarket’s free independent comparison service makes it quick and easy to compare reward credit cards and find the best deal. We have details of all the top offers to help you make an informed choice and make the most of any rewards.   

We're free and independent, as well as offering exclusive deals you can't get anywhere else.

Moneysupermarket is a credit broker – this means we’ll show you products offered by lenders. We never take a fee from customers for this broking service. Instead we are usually paid a fee by the lenders – though the size of that payment doesn’t affect how we show products to customers.