It should come as no surprise that many people use charge cards. The surprise to me is that with so many rewards charge card account offers out there, many Americans are using credit card accounts that don’t offer any rewards for their use. If you are one of these consumers, chances are you may be looking for a new rewards charge card account! However, to choose the best rewards credit card account offers, consumers have to know the different types of rewards charge card accounts out there. Here is a list of the most common types of rewards credit card accounts and the rewards that they provide!

Cash Back Credit Cards: The most common type of rewards charge card that Americans will come across is called the cash back charge card. Cash back credit card accounts allow people to earn points with each purchase using their charge card account. These points can be accumulated and later redeemed for great cash back rewards. Often times, when redeeming cash back rewards from their cash back credit cards, consumers have options. Either they can take the cash or, in most cases, they can take a higher dollar value on a gift card to one of their favorite stores. For those people who don’t want designated rewards but would rather spend the reward money on their own, cash back credit cards may be the best option!

Skymiles Credit Cards: Skymiles charge cards are specialty charge cards designed for Americans who travel often for personal or business purposes. These credit card accounts also allow consumers to earn and accumulate points or in this case skymiles with each purchase. Once these skymiles have accumulated on the account that people have, they can redeem them for great travel rewards. Often times, these rewards are free airfare and baggage claim fees!

Travel Rewards Credit Cards: Travel rewards are a lot like skymiles credit cards. These credit card accounts are also designed for Americans who travel often. However, in most cases instead of giving the option to use points for free airfare and baggage claim fees, travel credit card redemption offers often include free hotel stays, theme park tickets and more!

Balance Transfer Credit Cards: Balance transfer credit card accounts are a different type of rewards charge card account. Instead of offering points programs for rewards, balance transfer credit cards reward people by giving them the option to transfer balances from high interest rate credit card accounts to the low interest rate balance transfer charge card account. Often times, balance transfer credit cards will offer low even 0% interest rates for a short period of time on balance transfers. In some cases, these credit cards may also come with rewards like skymiles, cash back and even travel rewards!

Now that you know what different types of rewards credit card accounts are out there, it’s time to compare offers to find the best one for you. I suggest doing so at JEMCreditCards.com!

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