Owning a great reward card can bring tons of benefits to you. An excellent rewards card helps you to gain extra money in the form of miles, points, or as cash back. If you are new to the world of reward points, then it might be a little bit hard for you to decide which rewards card is the best option for you. However, a little knowledge on these rewards cards will help you to easily decide which one is the accurate choice for you. Below are some important details on two of the most popular types of rewards cards in the US. Learn the difference between these two before setting for one.
Discover It Miles
Discover It Miles credit card offers unlimited 1.5x rewards to customers on their every purchase and on every day. You will be able to earn 1.5x miles by spending just $1. The rewards earned by the new card members will be matched at the end of the first year. Besides, you do not have to worry about the annual fee for Discover It Miles credit card either.
There will be no minimums or purchase caps, no limit, and no signing for the new card members. You will be also able to redeem your rewards for travel credit or for cash. This reward card offers $1 for every 100 miles that you have earned. Furthermore, you will also receive free FICO Credit Score on monthly statements, online and on mobile.
Capital One Venture Rewards Credit Card
If you are able to spend an amount of $3000 on purchases in the first three months of approval, then Capital One Venture Rewards Credit Card allows you to enjoy a one-time bonus of 40,000 miles. This is equal to $400 in travel. In addition to that, this credit card also let you earn 2x miles per each dollar on every day and for every purchase.
Owning this credit card will also give you the opportunity to stay at any hotel of your choice and to fly on any airline you wish. You will be also able to travel whenever you want with no blackout dates. Another advantage of settling for this credit card is that there is no limit on how much you can earn and the miles never expire.