When you get a credit card, you can often choose between different account levels, such as standard, gold, platinum and black. As well as affecting things like the annual fee, complimentary extras and credit limit, these account levels have an impact on rewards.

Here’s a basic look at how the account level you choose could affect your rewards:

• Standard reward cards: These have the lowest annual fees, but also earn the least points per $1 and are more likely to limit the amount of points you can earn.
• Platinum rewards cards: These have higher annual fees, better points per $1 and higher (or no) points limits.
• Black rewards cards: These are the most premium options. They often have annual fees over $500, but offer the best points rates, flexibility and complimentary extras.