Credit cards can be really rewarding, creating as much as $240 in annual value for the average household who uses them, according to the Federal Reserve Bank of Boston. People who have excellent credit scores can do even better than that.
Banks are generally eager to spend more on perks designed to attract people with excellent credit, hoping to find customers who will spend heavily and pay on time — an ideal customer. And the rewards can be beefy, as new cardholder bonuses of $500 or more and rewards rates of 2% or higher are common throughout the card industry.