When most people think of a credit card, they often just think of a piece of plastic that you swipe at your local store and pay it back later when the bill arrives in the mail.  Well, that might have been the old days and how it worked but today, it’s completely different and even if you have a average credit score, you can still benefit with reward credit cards.

Cash back rewards – One of the most popular ways to get rewards from credit cards are simply by getting cash back.  The concept is simple and many people enjoy this feature.  Let’s say the card says you get a flat out 3% cash back on all of your purchases.  When you get your credit card statement in the mail, you’ll either get the 3% off right then and there or you may have to request it.  This is all up to the credit card issuer.

Travel rewards- If you travel a lot and use services like hotels, car rental companies and more, you may want to look into a travel card like this.  Travel cards will reward you every time you make a purchase through an airline, hotel or car rental.  For example, one credit card may give you 6 points for every dollar you spend on an airline or hotel.  Once you reach 10,000 points, you can redeem it for a free hotel, airline ticket, etc.  This is all up to the company again but the rewards are endless!

Gas rewards- If you just want to save on your gasoline fill ups, you may want to check out gas reward based credit cards.  These cards will give you a percentage back every time you use your card at the pump.  Let’s say the card gives you 5% cash back.  Every time you spend $20 at the pump, you’re going to get $1 back.  It doesn’t sound like a lot but fill up 20 times and it’s like a free fill up!

When it comes to getting rewarded with your credit card, these are the three main ways you can benefit.  As long as you pay your card off on time and use it responsibly, you can really take advantage of these rewards.  With so many cards out there, make sure you do your research before you apply for one.

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