Credit card companies’ rewards are geared toward spending. From a company standpoint, the more you use their card the more they make from a fee charged to a retailer (interchange) and potentially fees and interest charged to you. There are two main stream incentives:
- Sign up incentives - Cash reward for spending $3,000 in the first couple months and receive $200 plus just for using the card.
- Cash Rewards - typically 1-2% of every purchase, Groceries,
Gas, Entertainment, etc.