Banks are getting very generous with credit card rewards. The amount they paid out in rewards points and cash back more than doubled from 2010 to 2016, according to an analysis from MagnifyMoney.com.
Between lucrative sign-up bonuses and high cash back rates for spending in certain categories, rewards credit card holders could be making a killing off of credit card issuers. Of course, the banks know what they're doing. American credit card debt recently topped $1 trillion, an all-time high.
But if you handle your finances responsibly, you can benefit from the increase in rewards spending from credit card issuers. Here are the banks paying out the most in credit card rewards, ranked by how much they paid throughout 2016.
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