Rewards vs Cash Back

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Rewards or cash back credit cards, what's better?

Rounding it up

  • Rewards credit cards offer points that can be redeemed for merchandise, flights, and more, whereas cash back cards give you a fixed dollar amount for every purchase you make.

  • Choose a credit card based on your lifestyle and what gives you the most bang for your buck.

  • Also take a look at the value and flexibility of a card’s points or cash back to gauge exactly what you’re getting and how you can use it.

  • A credit card’s earn rate, welcome bonus, annual fee, and additional benefits are also important considerations when comparing different credit cards.

9 min read

Barry Choi
#credit card#rewards#cash back#points

Barry Choi

Barry Choi is a personal finance expert based in Toronto who makes frequent media appearances. His website Money We Have is one of Canada's most trusted sources for all things related to money and travel.

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The KOHO Visa* Prepaid card is issued by Peoples Trust Company pursuant to license by Visa Int. *Trademark of Visa Int., used under license. **These services are provided by Service Providers, including Visa, Peoples Trust Company and Galileo Processing. Learn more about your finances with Visa Practical Money Skills.