Episode Description
Today, we’re answering one of the age-old questions when it comes to credit cards: which gets you more value, rewards credit cards or cash-back credit cards? You might think that because I get tons of value from points that my answer would always be the same. But the truth is, there are plenty of people for whom rewards cards aren’t the best fit.
If you’re in the early stages of getting into points travel and you’re a little skeptical that the return on rewards credit cards will be equal or better to what you get from your cash-back credit card, or you already have a few rewards cards but you’re still hanging on to one or two cash-back cards for specific purchases, the next two episodes are for you.
Tune in this week to discover a framework that will help you evaluate your own personal situation to accurately determine whether cash-back credit cards or rewards credit cards are the best way for you to leverage your expenses. Over the next two episodes, I’m walking you through how I think about comparing the potential returns of cash-back credit cards and points-earning credit cards, so you can make the decision that gives you the biggest bang for your buck.
What You’ll Learn from this Episode
- The way that rewards cards work compared to cash-back credit cards.
- 2 variables that matter when it comes to comparing cash-back and rewards credit cards.
- Why you could get significantly higher returns from a rewards credit card than a cash-back credit card.
- How the intention to travel factors into which kind of credit card is right for you.
- Why there are no guarantees that you will get more value from points than from cash back.
- The learning curve that comes with learning to optimize your rewards credit cards.
- My framework for deciding whether you’ll get a higher return from using rewards or cash-back credit cards for your expenses.
Featured on the Show:
- To celebrate the launch of the show and to help get the podcast into as many ears as possible, I’m giving away 100 travel-related prizes for my first 100 honest reviews! All you have to do is follow, rate, and review the show during the next two weeks. Click here to learn more and enter now!
Click here to download full episode transcript
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Point Me to First Class is the show for professionals and business owners with higher-than-average personal or business expenses, who want to learn to leverage these expenses into credit card points they can spend on travel.
Each week, I share valuable tips, tools, and strategies to help you uplevel your skills earning and redeeming credit card points, so you can expand your travel and expand your experiences.
