Choosing between Cash Back or Miles credit cards - Reddit

It depends on how much the miles are worth to you, which can be difficult to estimate. Miles are probably worth only around 1 cent each if you are buying short-haul economy class tickets, so …


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

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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 …

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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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Maximizing Rewards: Cash Back Card Vs Travel Card Comparison

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When choosing between a cash back card and a travel card, consider how you plan to use the rewards. Cash back credit cards typically offer 1% to 2% cash back on regular purchases, with …

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

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Jan 16, 2025  · For example, the Bank of America ® Customized Cash Rewards credit card has a $200 welcome bonus, and you’ll only need to spend $1,000 in the first 90 days of account …

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Why Would I Choose A Credit Card With Air Miles Instead Of Cash …

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Most cash back "points" are valued at $0.01 per point, so accumulating 100 points will get you a $1 statement credit. Savvy airline award searchers can find conversions valued $0.05 per …

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Which Rewards Credit Card Is Best: Miles Or Cash Back - 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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Do Cards That Reward In Miles Provide A Better Return Than ... - Reddit

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If you had "spent" or more likely gotten a sign up bonus for 125,000 miles on a cash back card, you would get $1250 in cash, but if you are willing to play the mileage game you could get a …

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FAQs about Choosing between Cash Back or Miles credit cards - Reddit Coupon?

Should you choose a cash back or miles credit card?

If you’re trying to choose between a miles or cash back credit card, it can help to consider your lifestyle and spending habits. Frequent travelers may benefit more from a miles rewards card. Those looking for straightforward rewards might prefer a cash back card. Learn more about the differences between cash back and miles credit cards. ...

What is the difference between Miles and cash back rewards?

When comparing Miles and cash back rewards, it is essential to understand the differences. Miles require a variable number of points for redemption, depending on the credit card or frequent flier program. Cash back rewards, on the other hand, are a straightforward dollar-for-dollar return. Most cash back credit cards offer simpler rewards programs. ...

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! ...

How much does a miles credit card cost?

Usually these amounts are low, but they may start around $20. Both miles and cash back cards have their benefits and drawbacks. But ultimately, consumers who prefer straightforward cash rewards will prefer cash back cards, and frequent travelers will prefer earning and maximizing rewards with miles credit cards. ...

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. ...

How much cash back do you get from a miles card?

The cash back you earn is as good as cold cash in your wallet. 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 as statement credit. In contrast, the rewards you get from miles cards can have fluctuating value. ...

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