Rewards Credit Cards vs Cards with No Rewards
Let's take a look at the major differences between rewards credit cards, and credit cards that don't have any rewards.
It appears that rewards credit card companies are relying on interest rates and annual fees to compensate for the rewards they provide. If you take a look at the default interest rate of most credit cards without any rewards, you will see that they are much lower than those with rewards. Also, you shouldn't expect an annual fee, on a typical credit card.
Comparison of two popular credit cards from each category, one without rewards, and one with rewards. We will break down the major differences between these cards. (Continued below)