Features

• Credit card rewards typically are given as cash back or points. You may earn a percentage of cash back for every dollar you charge or a certain number of points (usually one or two) for every dollar you charge.
  
  

Using Credit Card Rewards

• Once you've accumulated enough credit card rewards you can redeem them. Cash back rewards might be credited to your account or sent as a check. Reward points can be redeemed for merchandise, services and sometimes cash back.
  
  

Restrictions

• Your credit card may require you to redeem rewards in certain increments, like $25 or 250 points. There could be a cap on the rewards you can earn and reward expiration periods.
  
  

Warning

• Reward credit cards can have annual fees and higher interest rates, making the card more expensive.
  
  

Considerations

• Choose rewards you can use. Frequent flier rewards are great if you travel a lot, but useless if you rarely go anywhere.