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What are Reward Style Credit Cards
Last update : September 2010
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These credit cards are similar to Cash Back Cards but instead of cash they offer rewards.

Many of these Cards are operated by the big retailers and airlines, such as Marks & Spencer's, Tesco and John Lewis (Waitrose).

For example at the time of writing with the John Lewis Partnership card -
Reward style Credit Cards - What are they - How they work
  • You earn 1 point per £1 spent in John Lewis Stores (including Waitrose) and 1 point for every £2 spent in other shops
  • 500 points is worth £5 in John Lewis vouchers. So spend £100 in Waitrose and that's worth £5

Reward cards are a good deal if you spend a lot of money in certain shops. For example many people are dedicated Waitrose shoppers and therefore the John Lewis Partnership card is well worth it.

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