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There are tons of ways to earn Cosmic Reward points in order to obtain the Account services and items below. You can find Carbine's roundup of all the methods and awarded points here.
*Rewards are earned at the listed point milestone.

Tier 1 can provide many account services that are a plus for Social features, Character ressurection, and Crafting.
Why you want it:

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Why you want it:
Tier 2 offers Account services that open up the AH and CE a bit more to non subbed players as well as Rested XP bonus.

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Tier 3 can give you a boost to Harvesting and Reputation gained, cutting down on currency/time spent.
Why you want it:

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Tier 4 has a Challenge Reward boost that can make gearing up easier!
Why you want it:

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Why you want it:
Tier 5 has the only boost in the game for OmniBit drops, which can spare damage done to your wallet in the future.

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Tier 6 does not offer any Account Services but it does offer one of the most unique and largest house in the game.
Why you want it:

- At the time of this article the best way to get rewards is to purchase Box Copies from Gamestop ( $4.99 ), this provides 30 days of Sub time, Bag o' Riches reward bag, and 12k Cosmic Points per Serial Code added to your account.
- Don't want to spend money? You can earn Cosmic Points buying CREDD with in game currency and reselling it.
- You can earn Cosmic Reward points not only by buying NCoin but also by spending it!
- Spending Omnibits will NOT give you Cosmic Reward points
- Still need answers? Try the ol' Reddit Cosmic Rewards AMA here