 TITLE: What’s the Difference Between Cash Back, Points and Miles? CONTENT: Rules on How You Can Redeem Rewards\n-----------------------------------\nDepending on which card you have and how its rewards program works, there may be certain rules you have to follow to use your cash back, points or miles. Here are some rules you may come across:\n*   Some card issuers require you to have a minimum balance—such as $25 or 2,500 points or miles—in your rewards account before you redeem.\n*   Some rewards, particularly with airline and hotel loyalty programs, may expire if you cancel the account or don't maintain activity in your account for a certain period. In some cases, rewards expire after a certain time regardless of your activity.\n*   You may not be able to redeem your rewards unless your account is in good standing, meaning you're not behind on payments.\n*   Some cash back credit cards may require you to have an account with the issuing bank in order to request a direct deposit redemption.\n*   Some travel credit cards offer lower redemption rates on non-travel redemptions.\nBefore you apply for a credit card, be sure to read the fine print to determine which rules apply and whether they fit with your goals. END