Cashback or Rewards Points Credit Card: Which Should You Get?
Applying for a credit card but don’t know for which type of credit card to go for whether cashback or reward points. Cashback credit cards are those which let you earn a percentage of your spending that is directly credited to your account. Whereas, in reward points credit card you earn reward points on your spending that are redeemable from a rewards portal. You will find a number of cashback credit cards in India and reward points credit cards too. Here is a tabular form of difference between the cashback credit cards and reward points credit cards to help you make an informed decision. Basis Cashback Credit Cards Reward points credit cards Joining & renewal fee Most cashback credit cards come with no joining and renewal fee or a low renewal fee. Reward points credit cards come with a joining and renewal fee and some with no fees. Welcome offers Cashback credit cards usually do not have welcome offers but few offer the welcome benefits. Reward points credit cards most of the t