 TITLE: What’s the Difference Between Cash Back, Points and Miles? CONTENT: ### Points\nPoints-based credit cards can earn points that are redeemable for a variety of things, such as hotel stays, flights, general travel rewards, cash back rewards, gift cards or even charitable contributions. Redemption options and values can vary, depending on the program and the card you're using.\nSome points-based credit cards don't have an annual fee, but many of them do. If you have a card with an annual fee, you'll typically have access to a bigger welcome bonus—some are worth $500 to $1,000 or even more—and more benefits.\nWhile some points cards offer an introductory 0% APR on purchases or balance transfers, it's not as common as it is with cash back credit cards. END