Credit Card Forum
  1. #1
    blang
    blang is offline
    Green Member
    Join Date
    Jan 2012
    Location
    United States
    Posts
    1

    Default Is a travel rewards card worth it for a 1-2x/year traveler?

    I travel maybe once or twice a year. Would it be better for me to have a travel rewards card or cash back?
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Jan 18, 12, 5:50 am
  2. #2
    FutureBillionaire
    FutureBillionaire is offline
    Centurion Member
    Join Date
    Jun 2011
    Location
    Down South
    Posts
    201

    Default

    Cash back. You can do the Discover Miles that lets you redeem your rewards for travel or for gift cards.
    Cards
    Visa: BofA Cash rewards Visa Signature (1% on everything)
    Kroger 123 Rewards Visa, Ascend FCU Platinum Visa (1% back), Penfed Platinum Cash Rewards Visa (5% on Gas)
    BofA Cash Reward Platinum Plus (1% on everything, 2%on groceries, 3% on gas), Penfed Platinum Rewards Visa ( 5 points on gas, 3 points on groceries, 1 point on everything else)


    Discover: Discover More (5% back rotating categories), Discover Miles (2% on travel and restaurants, double miles on phone, internet, and tv

    Amex: Gold Card, BofA Accelerated Cash Rewards (1.5% on everything)

    Express Store card (points for gift certificates and special deals)
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Jan 18, 12, 1:57 pm
  3. #3
    Pete838
    Pete838 is offline
    Centurion Member Pete838's Avatar
    Join Date
    Dec 2010
    Location
    Florida
    Posts
    209

    Default

    Absolutely. Why not travel free when you travel? We all spend money all year long, so we may as well gain something of value that we were going to buy anyway. Whether it is travel, or gasoline, or whatever, go for the most lucrative rewards that you were going to spend money on anyway.

    If I was going to spend $2000 on airplane tickets this year, and I am able to offset that by half by spending 30k through a CC instead of writing checks, I've netted $1000.

    If I was going to spend $2000 on widgets and I can offset that by half by using a widgets rewards card for that same 30k, I've netted the same $1k. If you weren't going to travel or buy widgets, though, it's a complete waste.
    Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
    Ronald Reagan
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Jan 19, 12, 2:49 pm
« Previous Thread | Next Thread »