Miles & Points vs Cash Back – Which Is Better? (EXPLAINED)
Best Credit Card Miles
Earning miles through credit cards is one of the best ways to travel for free. Credit card miles can be used to book free flights and hotel stays, rent cars, and even purchase goods and services. With so many different credit cards available, it can be difficult to decide which card is best for you. To help you make an informed decision, we’ll cover the basics of credit card miles, the different types of credit cards, and the best credit cards for earning miles.
What are Credit Card Miles?
Credit card miles are points earned through credit cards that can be redeemed for rewards, such as free flights and hotel stays. Most credit cards offer a rewards program where you earn points for every purchase you make. Some credit cards offer bonus rewards points for purchases in certain categories, such as gas, groceries, or travel. The points you earn can be redeemed for a variety of rewards, including free flights, hotel stays, rental cars, and even cash back.
Types of Credit Cards
There are several different types of credit cards available, each with its own set of rewards and benefits.
Cash Back Credit Cards: These credit cards offer cash back rewards for every purchase you make. The rewards are usually based on a percentage of the purchase price, such as 1% cash back.
Travel Credit Cards: These credit cards offer rewards points for travel purchases, such as flights, hotel stays, and rental cars. The rewards points can be redeemed for future travel purchases.
Rewards Credit Cards: These credit cards offer rewards points for every purchase you make. The points can be redeemed for a variety of rewards, such as gift cards, merchandise, and travel.
Best Credit Cards for Miles
Now that you know the basics of credit card miles, let’s look at some of the best credit cards for earning miles.
Chase Sapphire Preferred: This popular travel rewards card offers 2x points on travel and dining purchases and 1x points on all other purchases. Points can be redeemed for travel, merchandise, and gift cards.
Capital One Venture Rewards: This card offers 2x miles on all purchases and a sign-up bonus of 50,000 miles. The miles can be redeemed for travel, gift cards, and merchandise.
Discover it Miles: This card offers 1.5x miles on all purchases and a sign-up bonus of up to 20,000 miles. The miles can be redeemed for statement credits, gift cards, and travel.
Citi AAdvantage Platinum Select: This card offers 2x miles on American Airlines purchases, 1x miles on all other purchases, and a sign-up bonus of up to 50,000 miles. The miles can be redeemed for flights, hotel stays, and rental cars.
These are just a few of the many credit cards available that offer great rewards. Be sure to read the terms and conditions of each card to find the one that best suits your needs.
Key Points:
– Credit card miles are points earned through credit cards that can be redeemed for rewards, such as free flights and hotel stays.
– There are several different types of credit cards available, each with its own set of rewards and benefits.
– Some of the best credit cards for earning miles include the Chase Sapphire Preferred, Capital One Venture Rewards, Discover it Miles, and Citi AAdvantage Platinum Select.
People Also Ask:
Q: How do I earn credit card miles?
A: You can earn credit card miles by using a rewards credit card. Most credit cards offer a rewards program where you earn points for every purchase you make.
Q: How do I redeem credit card miles?
A: You can redeem your credit card miles for rewards, such as free flights and hotel stays, rental cars, gift cards, and merchandise.
Q: What is the best credit card for earning miles?
A: The best credit card for earning miles depends on your spending habits and rewards preferences. Some popular credit cards for earning miles include the Chase Sapphire Preferred, Capital One Venture Rewards, Discover it Miles, and Citi AAdvantage Platinum Select.
Best Credit Cards Miles – Best Deal Right Now?
➡ Best Cash Back Credit Cards – https://www.creditcards.com/cash-back/?utm_source=youtube&utm_medium=video&utm_campaign=explainer&utm_content=BhuscXItbG8
➡ Best Rewards Credit Cards – https://www.creditcards.com/rewards-cards/?utm_source=youtube&utm_medium=video&utm_campaign=explainer&utm_content=BhuscXItbG8
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Full Article – Cash Back vs Points – Which is Better?
https://www.creditcards.com/credit-card-news/cash-back-vs-points/?utm_source=youtube&utm_medium=video&utm_campaign=explainer&utm_content=BhuscXItbG8
Best Travel Credit Cards:
https://www.creditcards.com/travel/?utm_source=youtube&utm_medium=video&utm_campaign=explainer&utm_content=BhuscXItbG8
Best Hotel Credit Cards:
https://www.creditcards.com/hotel/?utm_source=youtube&utm_medium=video&utm_campaign=explainer&utm_content=BhuscXItbG8
Best Airline Credit Cards:
https://www.creditcards.com/airline-miles/?utm_source=youtube&utm_medium=video&utm_campaign=explainer&utm_content=BhuscXItbG8
We discuss cash back vs points vs miles in regards to rewards credit cards. When you are looking for a new credit card you have to consider not only what type of card you want, but also the redemption option you prefer. For instance, you can get a cash back credit card, but that doesn’t mean cash back is your only redemption option. Further, many travel credit cards will offer travel redemptions but also direct deposit, gift cards, etc. As such, when we bring up the topic of miles vs points vs cash back, there is no clear-cut answer, nor is one option always best. Really, it comes down to your personal spending habits and preferences for redeeming rewards. Miles & Points vs Cash Back – Which Is Better? (EXPLAINED).
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▮▮▮▮ TIMESTAMPS
0:00 – Video Overview
0:48 – Redemption Options
2:55 – Redemption Value
4:45 – Final Thoughts
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