Life’s too short to leave rewards on the Credit Card!

Whether it’s everyday purchases or earning miles for other uses, there’s a credit card that fits your goals.

How do you want to earn rewards?

When choosing a credit card, finding the right rewards can make a big difference in how you spend.

There are three main types of credit cards: Cashback, Miles, and Points. Individuals take into account different spending habits and financial goals.

We break down each option to help you figure out which one best suits your needs.

1. Cashback: Earn money on everyday purchases

If you use your card for everyday expenses like groceries, gas, or dinner out, cashback is the way to go.

This type of credit card pays you back a percentage of what you spend, which can often be applied to your credit report, a deposit into your bank account, or a portion of your bill.

Cashback cards are good for:

Everyday shoppers who want to save money.

• People seem to like it simple, and the rewards are easy to use.
• Those who are looking to cut their monthly expenses.
• Most cash back cards offer 1% to 5% cash back with variable or fixed rates.
• Some also offer bonus types, like higher percentages on groceries or travel.

2. The Warrior: Great for Frequent Travelers

For jet-setters and adventurers, Miles is a great option.

A travel credit card lets you earn miles, or points, that can be redeemed for flights, hotel stays, and other travel expenses.

If you fly frequently for work or pleasure, a miles-earning card can turn your miles into free or discounted travel every day.

Reward miles are best;

• Frequent travelers want to save on flights and hotels.
• People who prioritize travel-related perks like lounge access and TSA PreCheck credits.
• Those who want the flexibility to book with airline partners or different airlines.
• Many thousands of cards also come with travel insurance, trip cancellation protection, and even lost luggage insurance.

These added perks can give you peace of mind when traveling.

3. Points: Flexible Rewards with Ilium Spender

Points combs are great for people who love flexibility.

With these cards, you earn points for every dollar you spend, which you can then redeem for a variety of rewards, including gift cards, merchandise, travel, and even cash.

Points chests are great for:

• Shoppers who like to choose from multiple reward options.
• People who enjoy dining, entertainment, or online shopping and want to redeem points for these categories.
• Those who prefer flexible redemption options, whether it’s paying for a new app or booking a vacation.
• In many cases, points can be more valuable when redeemed for travel or experiences, giving you even more money.

Expect something different with your credit card

In addition to rewards, warranties can also come with a number of other perks that can protect your purchase and give you peace of mind.

Here are some of the most common benefits;

Purchase protection: If you purchased an item when your credit card was damaged or stolen, you may be able to get a refund or cover the cost of repairs.

Extended warranty: Many credit cards extend the manufacturer’s warranty on electronics and other items, eliminating the need to purchase an additional policy.

Insurance: As before, travel packages often include trip cancellation insurance, rental car insurance, and even emergency medical care while you’re abroad.

The cell phone itself: Some cards protect your cell phone against loss or theft when you use your card to pay your monthly bill.

Fraud Protection: Almost all major credit cards do not cover legitimate transactions, meaning you won’t be held liable if someone steals your card number or account.

Credit Score Considerations

Not every credit card is available to everyone. The cards that offer the best rewards often require the best credit cards.

But if your credit is low, don’t worry. There are plenty of great resources for people looking to build their credit.

Credit cards offer collateral and some cash back rewards, while also helping you build your reputation over time.

For those with a smaller name, consider these:

Sturdy credit cards: Requires collateral, but offers rewards similar to traditional cards. A great option to rebuild your credit.

Low credit score cards: Some cards are tailored to people with poor or fair credit and still offer fair cash back.
Credit monitoring: Many cards also include a free credit score to help you track your credit.

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