kdm31091 wrote:It's just kind of baffling sometimes. I have a Quicksilver, and one of the advantages that people tout (and I have mentioned too) is that you can redeem anytime, any amount. While that's certainly nicer than needless restrictions, how rewarding does a 0.71 statement credit really feel? Not even enough for a candy bar lol. So in practice, I end up saving up rewards anyway until I can get a decent value gift card or something. There's not much point in redeeming tiny amounts (to me anyway). Of course it comes down to preference, but I find that cards whose only option is statement credit aren't really too appealing.
On one hand it really annoys me that my Amex only allows me to redeem in $25 increments, but on the other hand, I don't tend to redeem lower anyway, so I guess it doesn't matter too much.
kdm31091 wrote:Some cards, like Discover, do boost your rewards when used for a gift card i.e. $20 in rewards for $25 GC. If you know where you want to spend the money, may as well get a boost in the process.
Direct deposit isn't a bad choice either. Along the same line as a gift card, you're receiving the money and can do what you want with it.
Statement credits...meh. Unless you build up a TON of rewards, it's hard to even really notice $25 taken off of your total balance for a month or whatever (plus as stated above, you still have to make a payment).
I guess to me I'd rather be saving my rewards for "something", not just $25 off of my everyday expenses. I'd rather get a gift card (or the direct deposit or a check) and go buy something special, go to a nice dinner, etc. Feels like more of a "reward". Everyone's different though.