Cash back vs miles - best value? : r/personalfinance - Reddit

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 …

CouponFollow Extension

3%
OFF

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

2 days from now

reddit.com

5%
OFF

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

2 days from now

I love that I can transfer to travel partners if I get a good deal, e.g. Hyatt points, United miles, etc. Due to the 50% extra redemption through the UR portal, I can essentially get 4.5% cash back …

reddit.com

1%
OFF

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

2 days from now

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…

forbes.com

5%
OFF

Amex Gold Vs Savor | MR Points Vs Cap1 Miles (Dining + Groceries)

2 days from now

Oct 20, 2024 · Costco has updated its cash back so gasoline at Costco now gets 5% instead of 4% cash back! ... The 15% discount when booking with miles increases their value. I …

redditmedia.com

$5
OFF

Valuing Rewards (Miles Vs Cash Back) : R/CreditCards - Reddit

2 days from now

I currently value my miles at roughly 3 cents each ($5k business fare for 155k miles), which is close to what I’d get through BofA Preferred Rewards cash back. But booking the cheapest …

reddit.com

6%
OFF

Cash Back Vs. Miles: How To Choose The Best Rewards Strategy

2 days from now

Jan 16, 2025 · It has a $ 0 intro annual fee for the first year, $95 per year thereafter, but you can earn 6% cash back at U.S. supermarkets (for first $6,000 per year, after that 1%) and on …

financebuzz.com

$1
OFF

Best Cash Back Cards For Military? : MilitaryFinance

2 days from now

Dec 22, 2024 · I've exhausted so many of them over the years when I was active duty. Nothing like spending $1K, $1.5K, $3K, etc. within 2 or 3 months of opening a new card and getting …

redditmedia.com

FAQs about Cash back vs miles - best value? : r/personalfinance - Reddit Coupon?

Are miles better than cash back?

As we often opine, cash back is simpler, easier to use for everyday purchases, and more flexible than miles. However, travelers, especially frequent ones of the sophisticated variety, can probably extract more value from a miles travel rewards card when optimally applied to travel expenses. We say, get both! ...

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. ...

Should you use a cash-back or miles credit card?

As you can see, both cash-back and miles credit cards have their advantages. If you’re not a traveler, a cash-back card is almost always the clear choice. 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. ...

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. ...

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 airline miles worth more than cash back?

Yes. Cash back is usually valued at 1% or 1 cent, whereas most airline miles are worth more than 1 cent. However, some airlines like Hawaiian Airlines and Spirit Airlines have poorly valued miles, so cash back is better in these cases. ...