Cash Back – A Better Choice Compared To Travel Rewards
What good is a credit card if doesn’t earn you extra rewards every time you go out and spend? The claims of simple rewards that fulfill all our dreams in advertisements may not always be true.
For people who love to travel, credit card travel rewards can be very valuable because they can offset the costs of flying in and staying at certain expensive airlines and lodgings. However, if you aren’t a frequent traveler, you simply don’t earn the required amount of rewards to avail the benefits. Moreover, you might find it extremely difficult or impossible to redeem your rewards for the specific reservations you need.
To sum it up, the best option for you depends on what you want. If you are the kind of user who does not want to book last-minute tickets or travel first-class, but wants to sit back, relax, and redeem your rewards easily, cash back is the best option for you!
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- Predictability and consistency
While different airlines and hotels offer a multitude of reward programs, with cash back rewards, you will always be able to estimate the worth of your earnings.
In the face of growing competition, many companies are offering increased reward rates to attract customers, which, of course, works to your advantage.
While reward points are advertised beautifully, most airlines and hotels will simply inform you that your reward points are insufficient for the seats or rooms you choose or require. By contrast, redeeming cash back rewards is usually as simple as getting a statement credit or a direct deposit into your account. You may also get to redeem them as gift cards or products.
If you have an abundance of travel rewards and nowhere specific to go to, or no time or opportunity to do so, you are saddled with a lot of rewards that you can’t use when you’re not travelling. However, if you have cash back rewards at hand and a spontaneous wish to travel; you can use them to make your reservations or spend them in your daily life!
While travel rewards are most definitely subject to change and depreciate with time, cash back rewards earn interest just like regular cash, thus giving you more in return, guaranteed!
Given the decrease in the costs of flights and hotels over the years, travel rewards are not as useful as they once might have been. This makes it easier to opt for simple cash back rewards, which can be used for all your expenditures.
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