Is a rewards credit card the same as a credit card?

Yes. A rewards credit card has the same attributes as any regular plain vanilla credit card. It serves the same function – to allow you to borrow money from a credit facility extended to you to make purchases. The only difference is that you earn points on eligible purchases with a rewards card. You can redeem these points for travel discounts, merchandise, gift cards, and other rewards.

Do all credit cards give you rewards?

Not all credit cards come with a rewards program, though most do, given their popularity among cardholders. With few exceptions, secured credit cards don’t allow you to collect any points, cash back, or miles. The same applies to student card and “starter” credit cards, which are geared toward users with little or no previous credit experience or poor credit.

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Here’s What a Rewards Credit Card is in Canada

Credit Cards 7 min

Credit Cards

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