Benefits of a cashback vs. miles card? : r/personalfinance - Reddit

We just recieved an offer for the Delta Skymiles gold card with 50k bonus miles. Is it worth it to get cards like that over regular cash back cards like Quicksilver (1.5%) or Citi Double (2%)? The …

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Benefits Of A Cashback Vs. Miles Card? : R/personalfinance - Reddit

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Cash Back Vs Miles? Better Rewards 2x Vs 5% : R/personalfinance

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To me, the best credit cards for rewards/miles are Chase Sapphire Reserve + Gold Amex, and then the Chase Amazon card for Amazon. The cards have fees but with the various money …

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How Much Better Are Cards That Reward Miles Vs Cash Back? - Reddit

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I really want to travel and feel like I would benefit from a card that rewards airline miles but I struggle to grasp exactly how much I'm being rewarded. It's so much easier to understand 5% …

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Miles Vs. Cash-Back Credit Cards: Which Is Best For You? - Forbes

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What Is Cash Back? One popular type of credit card rewards is cash back, because it’s easy to understand and incredibly flexible. Depending on your specific credit card, the cash back you earn may be provided as a deposit to a linked bank account, as a statement credit toward your card balance … Types of Cash-Back Credit Cards Cash-back credit cardstypically come in two main variations. For customers who prefer simplicity, flat-rate cash-back cards keep things easy to understand. Flat-rate cards earn the same percentage on every purchase—typically 1% to 2% cash back on all spending. Tiered cards pro…

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Cash Back Vs Miles - Best Value? : R/personalfinance - Reddit

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However, seeing how cheap it is to buy United miles, I’m wondering if it wouldn’t be smarter to just get cash back - 2 or 3% - and put in into a money market or something like that, then use the …

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Choosing Between Cash Back Or Miles Credit Cards - Reddit

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Yeah but it eats into the rewards. As long as people realize that their 3% cashback is really just 2.1% (example numbers), then fine. But a new promotion on a new card each year would still …

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Credit Card Selection: Cashback Vs. Airline Miles? - Reddit

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I have three rewards credit cards. One of them is 1.5% cashback with a low limit, one of them is (eventually) 1% cashback with a high limit, and one of them is an Alaska Airlines card. I almost …

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Help Me Understand Cashback Vs Miles And Recommend Me A …

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Discover Travel card gives $180 if you spend $12K a year, which is like 1.5% cashback. It sounds like those miles and points are a scam if you can get 2-3% cashback for your every purchase.

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Do You Prefer Cashback Or Miles Credit Cards? : R/singaporefi - Reddit

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Been doing research on Moneysmart and am torn between cashback and miles cards. As I run a side hustle, I spend about $5,000 on average on online spend per month and it can go up to …

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Are Multiple Banks A Bad Or Good Idea? : R/personalfinance - Reddit

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I currently use ally for 'emergency fund' since the interest rate is decent, cap one as primary card for their 1.5% cashback and my direct deposits are into a normal checking account

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FAQs about Benefits of a cashback vs. miles card? : r/personalfinance - Reddit Coupon?

Are miles based credit cards better than cash back?

On the other hand, mileage-based credit cards earn rewards that can be redeemed toward free flights or hotel stays. While neither type of card is inherently better, they are two very different approaches to earning rewards. So, how do you decide whether a card that earns miles or one that earns cash back is the right fit for you? ...

What is the difference between a cash back and a miles card?

Cash back rewards are straightforward, offering a consistent percentage back on purchases which can be easily converted into statement credits, checks or bank transfers. Miles cards often offer higher earning rates on travel-related purchases and come with perks like airport lounges and travel insurance. ...

What is the difference between cashback & Miles & rewards?

If you prefer immediate gratification. Your cashback is credited into your credit card each month. On the other hand, miles and rewards cards require months or even years of miles/reward points accumulation before you can redeem something substantial. Cashback rate: How much cashback will you be earning? ...

Are miles worth more than cash back?

Some redemptions can be extremely valuable, in which case your miles are worth more than if you had collected cash back. Other redemptions may require an outsized number of miles for an inexpensive trip, resulting in a subpar value overall. ...

What is the difference between cash-back and mileage-based credit cards?

Simply put, cash-back cards allow cardholders to earn a percentage of their spending back in the form of cash rewards. On the other hand, mileage-based credit cards earn rewards that can be redeemed toward free flights or hotel stays. While neither type of card is inherently better, they are two very different approaches to earning rewards. ...

Are miles credit cards better than cash redemptions?

Cash redemptions are easy and more likely to fit your lifestyle, especially if you don’t need the included travel benefits available through miles cards. If you are a traveler, miles credit cards may make more sense, but only if you’re willing to put in the time to seek out strong redemptions. ...