These days, it seems like there are rewards-based credit cards for nearly every hobby or interest. Each rewards credit card has each own “rewards type” (or “rewards currency”). Here are some of the most common categories of rewards types:

• Frequent Flyer Miles from a particular airline (for example, United miles, Delta miles, etc.)
• Miles within the rewards program of your credit card company (for example, Capital One miles)
• Cash Back based on a percentage of your purchases
• Hotel Points in the rewards program of a particular hotel chain (for example, Hilton points)
• Generic Points within the rewards program of your credit card company (for example, American Express Membership Rewards Points)