Generally, bank credit cards with generous rewards carry higher fees and higher interest rates.If you can funnel lots of charges, such as business expenses, through a rewards card you can get some great valuable rewards. Thanks to aggressive competition, rewards credit cards have never been better. Redemption restrictions have generally evaporated. However as always, monitor the rewards program carefully, as rules can change on a moment’s notice. That Kenya Safari vacation for 500,000 points that you worked so hard to rack up for several years could go POOF when you are ready to cash-in. Set a shorter time frame to cash-in on reward credit cards.
Bottom Line: (Literally it is) If you charge a ton of $$ and clear the balance monthly, your rewards card is worth it.