Visa reward cards let you accumulate points every time you spend money on the card. The amount of points per dollar spent will depend on the card lender, and the rewards you can buy with the points will again also depend on your lender.

Popular points cards will give you a wide selection of rewards from new TVs, to a family vacation, to a shopping spree at your favourite shop. Additional points can often be added to your card if you spend at particular retailers. Each time you spend at particular retailers, extra points will be loaded onto your account - sometimes it might be twice the normal amount of points per transaction, or sometimes it may be a promotional amount of points for your first spend at the retailer.

Normally, when you are sent your credit card statement, it will show how many Visa reward points you have earnt during the month plus your aggregated total. Often, you will be able to see your points total online too and also be able to see a list of rewards, and their ‘points price’, as well as being able to redeem your points online.

As with all credit cards, it is best to pay off your entire balance at the end of the month to ensure you are not hit with hefty interest charges. It is also common sense to say that the more you spend on your card, the faster your points will accumulate - so it is probably most sense to only get a Visa reward card if you spend a lot on your credit card each month. Small spenders may be better off shopping around to find a card with better benefits (such as a lower interest rate).

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