Final answer:
Reward Cards provide benefits like cash back and travel points, encouraging spending while offering additional security and convenience.
Explanation:
Reward Cards are the type of credit cards that offer benefits such as cash back, travel points, or other perks. These cards are designed to incentivize spending and offer rewards to cardholders based on their usage.
Credit card companies offer rewards programs to encourage more spending and ultimately generate profit. It is important for cardholders to pay off their balances in full each month to avoid accumulating high-interest charges.
Using Reward Cards can provide consumers with security, convenience, and additional protections compared to using cash or debit cards.
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