Rewards cards give you 1-5 reward points for every dollar that you spend at different merchants and types of merchants. Most pay you 5 reward points for purchases made at their ‘Merchant Thank You’ network, and for purchases made at gas stations, drug stores and supermarkets. You’ll get 1 reward point for every dollar that you spend at other merchants. You can then redeem your reward points for particular items from the merchants that belong to the credit card’s merchant network.
Rewards credit cards offers
| IBERIABANK Visa Platinum |
| Rates |
Fees |
| Intro Rate |
APR |
Cash Adv. Rate |
Cash Adv. Fee |
Late Fee |
Annual Fee |
| 1.99%(6 months) |
9.25%-15.25% |
14.75% -21.25% |
5% / $5 |
$15-$35* |
$0 |
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Apply for the IBERIABANK Visa Platinum Card!
- No annual membership fee
- Low variable rate of 9.25%, 12.25%, or 15.25% (Prime + 6.00%, Prime + 9.00%, or Prime + 12.00%) as of 4/1/10 based on the creditworthiness. This APR will vary with the market based on the Prime Rate. (If there is an interest charge, the charge will be no less than $1.00).
- Low Introductory ARP on balance transfers of 1.99% for your first 6 billing cycles, this rate will not change during the introductory period. Applies to balance transfers processed within three months of your account open date. After that, your APR will be the same as your assigned purchase rate, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
- Earn 1 bonus point for every $1 in qualifying net retail purchases
- Turn your points into hotel, gift, or experience rewards
- Travel accident coverage up to $1,000,000
- Online access to credit card account information*See website for complete terms and conditions of card usage and application disclosure.
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| Simmons First Visa® Platinum Rewards |
| Rates |
Fees |
| Intro Rate |
APR |
Cash Adv. Rate |
Cash Adv. Fee |
Late Fee |
Annual Fee |
| – |
7.25% |
11.25% |
3% (min $4, max $50) |
up to $25 |
$0 |
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- Travel rewards – cardholders who enroll in the program receive one point per net dollar spent
- Excellent credit required – applicants that do not have excellent credit will not be approved
- Low 7.25% variable standard purchase APR and platinum benefits
- Choose any U.S. based airline or ticket class. No blackout dates or seating restrictions
- Other travel related options are hotels, cruises, vacation packages, car rental, and restaurants
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| Escape by Discover® Card |
| Rates |
Fees |
| Intro Rate |
APR |
Cash Adv. Rate |
Cash Adv. Fee |
Late Fee |
Annual Fee |
| 0%*(6 months) |
10.99%-16.99% |
23.99% |
see terms |
see terms |
$60 |
 |
- Earn up to $250 in travel rewards–1,000 Bonus miles every month you make a purchase for the first 25 months
- Double Miles on every $1 you spend
- 0% intro APR on purchases and balance transfers for 6 months, then the variable purchase APR of 10.99% – 16.99%*
- No restrictions on travel–fly on any airline, book any hotel or car, with no blackout dates
- Flexible redemption options like travel credits, merchandise, gift cards or cash
- Travel Insurance benefits, including primary car rental, lost or damaged luggage, travel delay, and trip cancellation when you book with your Escape by Discover card
- Discover is ranked #1 in customer loyalty–15 years in a row! (2011 Brand Keys Customer Loyalty Engagement Index report)
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| Discover® MotivaSM Card |
| Rates |
Fees |
| Intro Rate |
APR |
Cash Adv. Rate |
Cash Adv. Fee |
Late Fee |
Annual Fee |
| 3.99%(6 months) |
11.99%-20.99% |
23.99% |
see terms |
see terms |
$0 |
 |
- Up to 20% Cashback Bonus at popular retailers when you shop online through Discover.com
- Unlimited cash rewards that never expire
- Turn your Cashback Bonus into bigger rewards every time you redeem for gift cards or instant eCertificates from over 100 brand-name Partners
- Flexible redemption options–Choose from Partner gift cards, merchandise, Discover gift cards, charity, or cash
- Discover is ranked #1 in customer loyalty–15 years in a row! (2011 Brand Keys Customer Loyalty Engagement Index report)
- 24/7 access to a U.S. based Account Manager within 60 seconds
- $0 Fraud Liability plus automatic mobile and email fraud alerts
- Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
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| Discover® More Card – 15 months intro period |
| Rates |
Fees |
| Intro Rate |
APR |
Cash Adv. Rate |
Cash Adv. Fee |
Late Fee |
Annual Fee |
| 0%* |
11.99%-20.99% |
23.99% |
see terms |
see terms |
$0 |
 |
- Up to 20% Cashback Bonus at popular retailers when you shop online through Discover.com
- Unlimited cash rewards that never expire
- Turn your Cashback Bonus into bigger rewards every time you redeem for gift cards or instant eCertificates from over 100 brand-name Partners
- Flexible redemption options–Choose from Partner gift cards, merchandise, Discover gift cards, charity, or cash
- Discover is ranked #1 in customer loyalty–15 years in a row! (2011 Brand Keys Customer Loyalty Engagement Index report)
- 24/7 access to a U.S. based Account Manager within 60 seconds
- $0 Fraud Liability plus automatic mobile and email fraud alerts
- Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
*View Discover® Card Rates, Fees, Rewards and Other Important Information. |
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Rewards credit cards advantages
- Rewards points are often higher value than cash-back. If you use the credit card for purchases made within the merchant member network, you can get as much as 5% value back when you spend your reward points.
- Reward points are available to use on a rolling basis. Some card companies may require you to accumulate a certain number of rewards points before redeeming them, but reward point rewards are often more easily available than cash-back rewards.
- Reward points can be used for cash rewards in some circumstances.
Rewards credit cards disadvantages
- Reward points can only be redeemed from particular merchants and/or on particular merchandise.
- Whichever your choice, it makes good sense to get something back when you choose to use credit. If you’re a frequent credit card user, the rewards can certainly add up. Among the merchants that belong to various Merchant Member networks are such well-known companies as airlines, Saks Fifth Avenue, Evelyn & Crabtree and Smarter Edge.
