What is a frequent flyer credit card?
-These cards are a type of rewards credit card that allow you to earn points on your everyday spending that can then be redeemed for flights and other experiences.
What do American Express credit cards do?
+American Express credit cards offer the same base level functions that Visa and MasterCard do. For example, you can make purchases in retail outlets and online, although not all accept Amex card (American Express Card) payments. Many Amex cards offer limited-time incentives, such as cash back or points. However, some also charge fees just for having the card, as well as having generally higher interest rates than Visa and MasterCard credit cards.
How is American Express different from MasterCard or Visa?
+Some Amex cards (American Express Cards) charge a fee for having the card and, because American Express provide their own cards, fund all the transactions made on their cards, and charge retailers to process their payments, they can be an expensive and less convenient payment method. American Express cards tend to be popular for the rewards and cashback that comes with using them. Many retailers - especially smaller, independent retailers - don’t accept Amex as a payment method, meaning that you may either want to carry cash or a Visa or MasterCard as an alternative. Visa and MasterCard help manage the transactions between retailers and banks, and so tend to be less costly to use, which makes them more widely accepted.
What is cashback?
+A cashback credit card pays you a percentage back of qualifying purchases, allowing you to earn money on your credit card spending.
What is the typical interest rate on a cashback credit card?
+This varies depending on the card provider, any offers on at the time of applying, and your personal credit rating. Always compare providers before applying for a cashback credit card.
What cashback rates can I get on a credit card?
+This depends on the provider, any promotional offers on at the time of applying, and your personal credit rating. Always compare providers before applying for a cashback credit card, to make sure you get the best rates and rewards for you.
Do the points on my rewards card expire?
+Depending on the credit card provider, and the type of points collected, these may or may not expire. For most rewards programmes, points will not expire as long as the card is active, however, for airline rewards, there is usually an expiry period on points collected.