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Savvy consumers across North America are discovering that rewards credit cards are a great way to accumulate points toward future prizes and money. Developed by credit card providers, rewards credit cards continue to grow in popularity as consumers learn ways to maximize their rewards. How about you? Have you gotten a rewards credit card yet? If not, you may be missing out. Read on and we'll take a look at some of the valuable rewards available.

There are many rewards credit cards programs out there but they typically operate the same way: You obtain either a VISA or MasterCard from a well known provider such as the Royal Bank of Canada or Citibank and use this card to accumulate points for each purchase made. Typically, for every dollar spent a point is rewarded although that figure can jump to as high as five points for certain purchases such as gas.

Prizes offered vary, but one bank gives it consumers a booklet to work toward redeeming valuable rewards points. In many cases consumers can start redeeming points as soon as 2,000 have accumulated; in some cases the threshold is reached at a low 500 points.

For 2000 points one rewards credit card provider allows consumer to choose from receiving a $15 gift certificate from Panera Bread or Sony Open Air Headphones.

For 5000 points this same rewards credit card provider offers a $50 Hertz certificate, a Fellowes Stripcut Shredder, or a Sony Portable Radio.

For 20000 points this particular rewards credit card offers consumers a Canon Digital Camera, AeroBed Comforter Bed, or a free 4 Day car rental.

For 100,000 points you can receive a new laptop computer or a high quality fitness treadmill.

Some rewards credit card providers offer even more point options and prizes including free trips to exotic destinations, cash rebates, HDTV, and more.

No rewards credit card is worth it if you don't pay off the balance of the card every month. Sure, go ahead and charge everything as the more you spend the more points you will accumulate. The trick avoid all fees and interest charges otherwise these costs could offset the worth of accumulating points.

Offers for rewards credit cards can be amended at any time. Therefore, the sooner you jump in and start accumulating points, the quicker you will get on the road to obtaining fun and valuable rewards.