Perks and benefits that a cardholder receives in exchange for using a specific credit card; these perks can include airline miles and cash back, are called what?

• A. Credit card rewards
• B. Credit score impact
• C. Annual fee benefits
• D. Balance transfer rewards

Answer: (A)

Rewards are the perks you earn for using a credit card, such as airline miles or cash back. This name covers the incentive structure that cards offer: you accumulate rewards based on your purchases and can redeem them later for travel, statement credits, cash, or merchandise. Cards may offer rewards at a flat rate or higher rates in specific categories (like travel or groceries), which helps you tailor selections to your spending. It’s useful to compare the rewards rate and redemption options to understand a card’s value. These perks are different from how a card can affect your credit score, and they’re also separate from features like balance-transfer promotions or annual-fee benefits.