5 things to keep in mind when you're deciding between a rewards card and a cash-back card

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5 things to keep in mind when you're deciding between a rewards card and a cash-back card
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As credit card issuers change and devalue their points programs, you might debate the merits of opening a cash-back card instead

. Cash-back cards have their advantages: They generally don't have annual fees, there are no restrictions on how you can redeem that cash, and you can keep earning miles, points, and status when you book with cash back. However, points earned through rewards cards are usually more valuable than cash, especially if you're a frequent traveler. Points-earning cards also usually have lucrative sign-up or welcome bonuses. Read more personal finance coverage.

. Cash-back cards have their advantages: They generally don't have annual fees, there are no restrictions on how you can redeem that cash, and you can keep earning miles, points, and status when you book with cash back. However, points earned through rewards cards are usually more valuable than cash, especially if you're a frequent traveler. Points-earning cards also usually have lucrative sign-up or welcome bonuses. Read more personal finance coverage.

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