Cash back vs miles? Better rewards 2x vs 5% : r/personalfinance

The cards have fees but with the various money back (e.g. 300 back on travel, etc.), the fees are really diminished. Rewards are great. In terms of cash back vs. miles / points - For the most, …

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

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The cards have fees but with the various money back (e.g. 300 back on travel, etc.), the fees are really diminished. Rewards are great. In terms of cash back vs. miles / points - For the most, …

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

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100% agree, it really depends on the method of travel you do. Miles work better for some people, while cashback works better for others. Most of my trips are usually road trips to rural …

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Cash Back Vs. Miles: What Should You Get? - MoneyGeek

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Nov 4, 2024 · If you bought an item worth $1,000 using a card with 1.5% cash back, you get $15 as cash back. Most card issuers let you transfer your cash back into a bank account or use it …

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Credit Card Points Vs. Cash Back: How To Decide - Forbes

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May 29, 2024 · Regular APR. 18.74% - 28.74% (Variable) Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled …

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Miles Vs. Cash Back: 5 Best Cards For Each (2024) - CardRates.com

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Jan 28, 2024 · INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back! Enjoy 6.5% cash back on …

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Miles Vs. Cash Back Rewards Credit Cards - The Balance

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Mar 28, 2022 · For example, you might earn 2% cash back on all your credit card purchases, meaning you earn $2 in cash back rewards for every $100 you spend on your credit. Many …

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Cash Back Vs. Travel Rewards: How To Choose A Credit Card - The …

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May 13, 2024 · The Blue Cash Preferred® Card from American Express, for example, gives you 6% cash back at U.S. supermarkets (on up to $6,000 per calendar year in purchases, then …

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Cash-Back Vs. Points And Miles Cards: Which One Is Better For …

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Dec 19, 2023 · You can calculate your exact cents per point value on a given redemption by dividing the cash cost of the booking by the points cost. For example, a $600 flight that costs …

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Cash Back Vs. Points And Miles: Which Is Best For You?

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Aug 16, 2023 · So if a flight is $300, with $20 in fees and taxes and costs 25,000 points, your points value is 1.1 cents per mile. For hotel point value, the calculation is much the same, …

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Reward Miles Or Cash Back Cards: Which Are Better? - Kiplinger

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Jun 22, 2017 · Note that all the winning miles cards charge an annual fee. “For consumers who want to pay no annual fee, a 2% cash-back card like Citi Double Cash is usually a better bet” …

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

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5 days ago · With a cashback credit card, you’ll typically get anywhere from $0.01 to $0.05 back for each dollar you spend. Plus, you’ll often have choices for how you receive your money. For …

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Credit Card Points, Miles, And Cash Back—how To Choose The Best …

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3 days ago · Sometimes you can earn extra cash back during the first year of card membership. The Chase Freedom Unlimited®, for example, is offering new cardholders an additional 1.5% …

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FAQs about Cash back vs miles? Better rewards 2x vs 5% : r/personalfinance Coupon?

When is Cash Back Better Than Miles?

Cash back is better when you want a quick, convenient way to save money on everyday purchases. Miles or travel points are better when you can work the system to get the most value out of them. Credit cards generally come in two types: Those that earn cash back and those that earn rewards (like miles or points). ...

How do cash back and miles credit cards differ?

Cash back and miles cards might differ in their terms, such as interest rates, annual fees, expiration of rewards, and bonuses for qualified purchases. Rewards cards may also offer bonuses to new cardholders. ...

Which credit card is best – miles or cash back?

Both miles and cash back credit cards have their advantages. However, cash back is considered the most versatile of all rewards, offering more flexibility for using your rewards. ...

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. ...

How many miles do you need for a cash back credit card?

A dollar is a dollar, no matter which cash back credit card you have. The number of points or cash back required for a redemption varies by credit card or frequent flier program. Most cash back credit cards are fairly simple. Even those with a tiered rewards system can be easier to benefit from compared to many travel rewards credit cards. ...

What is the difference between cash back and rewards cards?

While cash back, points and miles cards are all classified as rewards cards, the main difference is in the way you’re rewarded. Cash back cards are the most straightforward – you’ll typically earn a percentage of your spending back as a rebate, either in the form of a statement credit or check. ...