What if you get cash back or rewards every time you swipe your credit card and shop? Yes, it is possible. With reward cards, you get points every time you shop from your credit card. You can redeem these points the next time you shop using your card.

Today, some of the top credit card companies have amazing reward cards that will give you bonuses every time you fill your car gas or shop for grocery.

Read this article to know more about credit card reward points and how to make the most of them.

Popular categories of reward credit cards
If you want to make the most of the reward credit cards, then you must first be aware of all the common types of reward cards that you can own. Here are some of the common card categories that you must know:

• Luxury
  As the name suggests, this is one of the high-end rewards cards designed keeping in mind high-end customers. If you are a business person who travels to international destinations a lot, who spends more time in international airport lounges than at your home then you can consider getting these credit card reward points to get some luxury benefits across the world. Note that you should be ready to pay a hefty annual fee to benefit from these types of cards.
• Hotel
  Hotel reward cards are great if you stay in hotels often, for business or travel purpose. If you are loyal to a particular brand and stick to only specific hotel chains wherever you travel, then the reward credit card of that hotel might prove to be profitable.
• Airlines
  With an annual fee, you can consider buying airline rewards cards. The card will give you points for every ticket you purchase. While buying the airline reward credit card, make sure that you consider factors like how often you fly, which airport you use the most and which airlines serve these airports.
• Gas
  Buying a gas reward credit card is one of the best ways to save money on fuel. Every time you fill gas, all you have to do is swipe this card and according to how much gas you fill in the tank, you will get reward points that you can redeem at various retail shops or use it for your next gas visit.
• Business travelers
  If your business needs you to travel a lot, then you can consider getting a business travelers card. You get credit card reward points for all the money that you spend on travel, shipping, telecommunication and even advertisement campaigns.

Some of the best rewards credit cards 2017 and 2018 are:

1. Capital One® Quicksilver® Card,
2. Chase Sapphire Preferred® Card,
3. Discover it® Cash Back,
4. Citi® Diamond Preferred® Card, among others.

Also, take a look at what is a secured credit card and no annual fee credit cards .

How to make the best of your reward card?

• Pick the right card
  If you use your card for different things then you can get a general-purpose card. But if you know that you spend the most on specific categories like travel or hotels, then it makes sense to invest in a specific card.
• Check for the returns
  Many reward cards need you to pay a certain amount as an annual fee. So, make sure that you get returns and benefits that beat the annual fee that you pay.
• Bill payment pattern
  If you are someone who always finds it difficult to pay the credit bills on time, then having a reward card won’t make any sense. Because the credit paying date will arrive and you will be broke. This means that you will then have to pay extra interest charges or fine. Not just that, in extreme cases, you might also lose your account.

Don’t end up purchasing a reward card just because the company is offering you one. Analyze your financial situation, what you spend most of your money, and if you feel that owning a credit card will give you great benefits, then go ahead and buy one that suits your needs the best.