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Cashback or Point Rewards

I happened to pass by a gas station today that had a sign advertising a credit card with a 5% cashback option. While there was probably a catch since I whizzed by the advertisement sign, I was with another person who made a comment on how he felt that credit card rewards with points such as airmiles are a waste in comparison.

I personally prefer cashback options, although from a value point of view in most cases the reward options you receive seems to be almost inline with each other. The only main difference I see is that with one option you are forced to get something that you don’t necessarily want.

One thing is for sure though, I hate having to pay for those premium reward options and would usually avoid them if they require any kind of additional fee.

one Comments to Cashback or Point Rewards

  • I use cash back cards too and mine are all free!!! I agree with you on the points system sometimes having stuff that you might not want but you get it anyway just to redeem the points.

    lulugal11 5/15/2008 9:58 am

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