BEST Credit Cards for EVERYDAY Purchases 2021 (maximize rewards and get the most cash back possible)
What Are Credit Card Rewards?
Credit card rewards are incentives offered by credit card companies to encourage cardholders to use their cards more often and to build loyalty. Rewards can include cash back, points, miles, and merchandise. Credit card rewards programs can be a great way to save money, receive discounts, and even get free trips.
Types of Credit Card Rewards
There are several different types of rewards programs offered by credit card companies. The most popular types of rewards are cash back, points, miles, and merchandise.
Cash Back Rewards
Cash back rewards are one of the most popular types of rewards programs. Cash back rewards give cardholders a percentage of their purchases back as a statement credit or direct deposit. Depending on the card, the cash back rate can range from 1-5%, and can be earned on all purchases or on specific categories such as dining, groceries, and travel.
Points Rewards
Points rewards are another popular type of reward offered by credit card companies. Points rewards programs allow cardholders to earn points for every dollar spent. These points can then be redeemed for a variety of rewards such as travel, merchandise, gift cards, and statement credits. Depending on the card, points may have different values, and may be earned at different rates.
Miles Rewards
Miles rewards are a type of reward offered by airlines and travel-focused credit cards. Miles rewards programs allow cardholders to earn miles for every dollar spent on the card, in addition to bonus miles for certain categories such as travel, dining, and shopping. Miles can then be redeemed for flights, hotel stays, and other travel-related expenses.
Merchandise Rewards
Merchandise rewards are a type of reward offered by select credit cards. Merchandise rewards programs allow cardholders to redeem their points for merchandise, such as electronics, clothes, and home goods. Depending on the card, points may have different values, and may be earned at different rates.
Finding the Best Credit Card Rewards
When looking for the best credit card rewards, it’s important to consider your spending habits and goals. For example, if you’re a frequent traveler, you may want to look for a card that offers miles rewards. If you’re looking to save on everyday expenses, you may want to look for a card that offers cash back rewards. It’s also important to consider the APR and fees associated with the card, as these can offset any rewards earned.
How to Maximize Credit Card Rewards
Once you’ve found the best credit card rewards for your needs, you’ll want to maximize them. This can be done by using your card for all eligible purchases, taking advantage of bonus categories, and redeeming rewards for the most valuable options. Paying your balance in full each month can also help you maximize your rewards, as it will allow you to avoid interest charges.
Key Points
• Credit card rewards are incentives offered by credit card companies to encourage cardholders to use their cards more often.
• Types of rewards include cash back, points, miles, and merchandise.
• When looking for the best rewards, consider your spending habits and goals, as well as the APR and fees associated with the card.
• To maximize rewards, use your card for all eligible purchases, take advantage of bonus categories, and redeem rewards for the most valuable options.
People Also Ask
Q: What is the best credit card rewards program?
A: The best credit card rewards program will depend on your spending habits and goals.
Q: How do I maximize credit card rewards?
A: You can maximize credit card rewards by using your card for all eligible purchases, taking advantage of bonus categories, and redeeming rewards for the most valuable options.
Q: Are credit card rewards worth it?
A: Yes, credit card rewards can be a great way to save money, receive discounts, and even get free trips.
Best Credit Cards Rewards – Review
Today I discuss the credit cards I use on a daily basis in order to maximum my rewards on everyday purchases. I earn 5% cash back on ALMOST ALL my everyday purchases using these cards. Why not get the most cash back possible out of purchases you will make either way? Yeah, you won’t get rich from credit card rewards, but the points certainly DO add up! These are the best cash back credit cards that I use on a daily basis on everyday items and services.
FICO vs VantageScore…what’s the difference? Find out here: https://youtu.be/pYk4uFXfV88
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💰 Investment/Savings Accounts I Use:
○ WeBull (Get two free stocks): https://act.webull.com/vt/o1LZXupPIVNP/fw8/inviteUs/main
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📃 Budgeting Software I Use:
○ YNAB (You Need A Budget)
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🛒 I genuinely LOVE using Rakuten for getting cash back on tons of online shopping (I’ve earned over $140 cash back over the last couple years) : https://www.rakuten.com/r/JOSHCB24?eeid=28187
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– Joshua Butler
Budgeting with BUTLER
*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
#creditcards #cashback #personalfinance
Chapters:
0:00 Are you ready?
1:04 Best Card for Amazon & Wholefoods
3:12 Best Card for Gasoline
4:33 Best Card for TWO Categories of Your Choosing
6:49 Best Card for Groceries & Verizon
8:35 Best Revolving Category Cards
11:39 Best Two Cards for Miscellaneous Purchases