Compare credit cards with rewards

If you like to spend on your credit card and pay it off in full every month, you don’t need flashy 0% offers, or even a particularly low purchase rate (as you never intend to pay it). Instead you want a credit card that will reward your custom, perhaps with points or vouchers, or even with cashback.

A reward credit card is not suitable for you if you don’t repay your balance in full each month (or before any 0% introductory period ends) because any rewards you earn from the card will be more than cancelled out by the interest you have to pay.

The key to choosing the right reward credit card is to select a card that offers rewards useful to you. For instance, if you spend a lot on your weekly food shop, a reward credit card that gives you vouchers or points to spend there might be a good option (indeed, some supermarkets have even started offering credit cards that also double as a loyalty card for just this purpose), or if you are a frequent flyer, a reward credit card that earns you Airmiles might be the way to go.

Where a card offers points as a reward for spending, it’s important you check how much the points are actually worth as well. Points schemes vary massively in value, so don’t take it as said that if you earn four points per £1 spent, it’s necessarily going to be better than a card offering one point per £1 spent.
 
For example, you’re comparing two cards that allow you to earn one point for every £1 you spend. With Card A you need to collect 1,000 points to earn a £5 voucher, and with Card B you need to earn 500 points to get a £5 voucher. So, although both cards appear to offer the same, Card B actually offers the more generous reward scheme.