How much better are cards that reward miles vs cash back?

Apart from all the obvious advantages of redemption values and travel perks, one thing I have noticed cards with miles offer that cash back cards don’t is the hefty sign up bonus. For a cash …

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

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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 …

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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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Miles Vs. Cash Back: 5 Best Cards For Each (Jan. 2025)

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Jan 2, 2025 · Enjoy 6.5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; …

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Credit Cards Rewards: Is Cash Back Better Than Miles?

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Oct 19, 2018 · Just a few years ago, it was considered competitive to receive just 1% cash back, and 1.5% returns were highly prized. Now, there are dozens of cards that offer 1.5% back on …

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

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Jan 16, 2025 · The Blue Cash Everyday ® Card from American Express has a $ 0 annual fee and offers 3% cash back at U.S. supermarkets, U.S. gas stations, and U.S. online retail purchases …

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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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Cash Back Vs. Points: Which Type Of Rewards Card Is Best? - Credit …

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Sep 17, 2024 · For example, the Blue Cash Preferred® Card from American Express offers 6% cash back on up to $6,000 in purchases per calendar year at U.S. supermarkets (then 1%), …

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FAQs about How much better are cards that reward miles vs cash back? Coupon?

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. ...

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. ...

Should you earn credit card miles or cash back?

So much so, it can feel like information overload—especially if you haven’t decided yet whether you prefer earning credit card rewards in the form of miles or cash back. Simply put, cash-back cards allow cardholders to earn a percentage of their spending back in the form of cash rewards. ...

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! ...

Should you use a cash back or a points & miles card?

Maximizing points and miles cards can require juggling two or more cards, redeeming points through travel portals, navigating airline and hotel programs and sometimes transferring points to partner programs. If that all sounds overwhelming to you, then a simpler cash back card would be a better fit. Who should choose points and miles? ...

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. ...