Not exact matches
Especially if both cards offer
similar ongoing reward rates.
If you find two cards that offer
similar rewards on an
ongoing basis, the sign - up bonus can help you choose between them.
Because you have to make a transaction before you get the
reward (whether it's a single purchase or a $ 10,000 threshold), it could be construed as a rebate
similar to the miles earned through
ongoing spend.
These co-branded cards often still provide the infamous first - purchase discount, but most now have
ongoing programs very
similar to regular
reward credit cards (gather points and redeem
rewards) and cash back credit cards (earn rebates from purchases) that encourage long - term loyalty rather than a one - time spending spree.