What is Rewards rate?

A rewards rate is what a card gives back for spending, as cash, statement credit or points. The useful figure is the rate on your own spending, not the headline one. Absa offers up to 2% cash back, and Ahlibank Qatar offers 1% cashback on its cash back card. Advanzia Bank AT gives 5% back on rental car bookings, 5% travel credit on bookings. AffinityPlus Credit Union runs on MyPlus Rewards points instead of a cash rate, so the value sits in the point redemption.