charged wrote:Hi, I use a rewards card right now, and am considering getting one more card from a different company.
For example I see that Amex offers the blue cash everyday with cashback and the everyday which offers points. In a situation where cards offer points how do I know which is the better deal? With cash back they explain to me clearly how much I'm getting, 1.5%, 3%, ect. I'm not understanding what the reward is with points.
Points on the EveryDay (aka MR points) can potentially become points in certain frequent flyer and hotel loyalty programs. Loyalty points can potentially be worth more than 1 cent per point when you redeem for airfare (or, in some very limited cases, hotel rooms).
There are all kinds of risks, restrictions, and complications in doing this.