just now

Travel Vs Cash Back Credit Card - Which Is Best?

First published

02/24/2022

Genres:

business

Listen to this episode

0:00 / 0:00

Summary

Choosing a rewards credit card means picking a side in an ongoing debate: cash back or travel benefits? Both have advantages. Cashback is flexible and easy to redeem. Points or miles dangle the possibility of a paid-for vacation and, sometimes, a higher reward value per dollar spent. Nowadays, some cards let you redeem rewards for cash or travel at the same value. But if you’re deciding between the two, it comes down to your lifestyle — and the effort you’re willing to put in. “I look at it as ‘How hard do you have to work to get the rewards from your card?’” says Jim Miller, senior director of banking services at independent ratings firm J.D. Power. “If you don’t want to work at it, cashback is the easy decision. You get good rewards and you don’t really have to worry about it. If you go with a miles card, you have to pay more attention to it.” Click on this link:- https://www.zupyak.com/p/2951617/t/travel-vs-cash-back-credit-card-which-is-best Cashback With a cash-back card, rewards come in dollars, not points or miles. You can redeem rewards for a credit on your statement and may also be able to redeem for gift cards, a check, or a direct deposit to a bank account.  Click here to get to know about Travel and Credit Cashback cards Travel Travel credit cards give you points, miles, or some other rewards currency. They come in two main flavors: General travel cards. These are bank-branded cards with rewards that can cover a range of travel expenses. An example is the Capital One Venture Rewards Credit Card. Co-branded cards. These are cards branded with an airline or hotel chain. They typically allow you to redeem rewards within one loyalty program.

Duration

1 minute

Parent Podcast

Credit Cards Guide

View Podcast

Share this episode

Similar Episodes

    How Credit Cards Work: A Beginner's Guide

    Release Date: 04/14/2022

    Description: If you're new to the world of credit, you probably have some questions about how credit cards work. There's a lot to learn when you start using credit cards, and a lack of knowledge can end up costing you money. This beginner's guide will cover all the credit card basics. You'll learn exactly how credit cards work, how to choose the best first credit card, and plenty of other information you'll need to know about using credit cards.  Click on this link to know more about How credit cards Work: https://cardinsider.tumblr.com/post/672343889395548160/how-does-a-credit-card-work-a-complete-guide How do credit cards work? A credit card is tied to a credit account with a financial institution. When you use the card, you're borrowing money from the credit card issuer. You can use a credit card to purchase goods or services with any merchant that accepts credit cards. Some cards also let you get a cash advance, although this isn't recommended because of the high fees involved.  Click here you will get to know about how does credit cards in India. The amount you owe on a credit card is called the balance. If you make a $100 purchase, your card's balance would increase by $100. Each credit card has a credit limit, which is the maximum amount you can owe the bank at one time. For example, if your card's credit limit is $1,000, then the balance can't exceed that amount. 

    Explicit: No

    Credit cards

    Release Date: 01/10/2011

    Description: Credit cards - Guide to the latest credit card deals. Compare a variety of features from numerous credit cards to find the ideal credit card for you. Read the latest credit card news and advice.

    Explicit: No

    Your Guide To Different Types Of Credit Cards

    Release Date: 08/06/2022

    Description: Your Guide To Different Types Of Credit Cards Credit Cards are small sized plastic cards that can make life very simple. These cards allow you to purchase goods and services on credit, the money for which you can return at the end of every month. You can choose to pay the full amount of credit that you have borrowed from your credit card issuer or a minimum fixed amount every month. In case you pay only the minimum amount, remember that you will be charged an interest on your outstanding balance. There is a credit limit set for you by your card provider. To know more about credit cards visit: https://cardinsider.my-free.website/blog/post/1985476/your-guide-to-different-types-of-credit-cards There are many banks in India that provide different types of credit cards. The cards are divided based on the rewards and benefits they offer and the income and spend requirements of the applicants. Customers can choose any credit card that helps them avail a lot of benefits and is an ideal match for their requirements. For example – If you travel a lot, then a travel card is best for you as it can help you earn air miles, access airport lounges, etc. In India, credit cards are offered in collaboration with the following payment networks - Visa, MasterCard, American Express, Diner’s Club, etc. The Different Categories of Credit Cards are Contactless Credit Cards Credit cards for Women Contactless Credit Cards Contactless credit cards are equipped with a unique payment technology that allow cardholders to make payments by simply tapping their cards at POS terminals. These contactless transactions do not require the customers to enter any PIN number to make purchases and are extremely secure. These cards offer several benefits such as discounts, cash rewards, entertainment benefits, reward points, welcome gift, lounge access, concierge service, insurance policy, etc. Credit cards for Women To ensure their female customers get the maximum benefits, some banks have introduced credit cards that are exclusively designed for women. These Women credit cards mainly focus on shopping rewards and cashback offers. Apart from this, cardholders can get bonus reward points, fuel surcharge waiver, insurance, etc. They can also earn reward points when they make purchases using their credit cards. There are few credit cards for women that offer amazing travel benefits. Some of the popular credit cards for women are: HDFC Bank Solitaire - Premium Women's Credit Card Kotak Mahindra Bank Silk Inspire Credit Card Citibank Rewards Credit Card

    Explicit: No

    The Money Talk Credit Card Guide - 137

    Release Date: 06/18/2024

    Description: In this episode of Money Talk with Skyler Fleming, we dive deep into the world of credit cards. I introduce the brand new Credit Card Guide, available at moneytalkwithskylerfleming.com/resources. The guide covers essential topics like how to get a credit card, secured vs. unsecured credit cards, managing credit card debt, and optimizing credit card rewards. Join me as I share practical tips and personal insights to help you get the most out of your credit cards. Key Topics Discussed: Introduction to the new Money Talk Credit Card Guide Steps to getting a credit card Differences between secured and unsecured credit cards Using credit cards the right way Understanding the impact of credit cards on your credit score Maximizing credit card rewards Strategies for getting out of credit card debt: Snowball vs. Avalanche methods Common misconceptions about building credit with credit cards Money Talking Points: Should you get a credit card? How to avoid credit card debt Personal experiences with credit card debt Handy Hint of the Episode: Set up automatic payments for your statement balance to ensure you always pay off your credit card in full each month. Resources: Access the new Credit Card Guide: moneytalkwithskylerfleming.com/resources Contact Me: moneytalkwithskylerfleming.com/contact If you have any topics you'd like me to research or any questions, reach out via the contact page or email provided in the show notes. Don’t forget to share your stories and experiences with credit card debt for a chance to be featured on the podcast! Check out the website at moneytalkwithskylerfleming.com Check out our free resources at moneytalkwithskylerfleming.com/resources Email me at skyler@moneytalkwithskylerfleming.com Watch the podcast on YouTube at youtube.com/@MoneyTalk.SkylerFleming "Upbeat Forever" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/

    Explicit: No

Similar Podcasts

    Edmund Garey Credit Repair Show

    Release Date: 04/08/2021

    Authors: edmund garey

    Description: credit repair, fix my credit, bad credit, credit cards.

    Explicit: No

    Edmund Garey Credit Repair Show

    Release Date: 04/13/2021

    Authors: Edmund Garey

    Description: credit repair, fix my credit, bad credit, credit cards.

    Explicit: No

    Edmund Garey Credit Repair Show

    Release Date: 08/20/2020

    Authors: Edmund Garey

    Description: credit repair, fix my credit, bad credit, credit cards.

    Explicit: No

    Best Credit Cards

    Release Date: 01/25/2022

    Authors: Card Insider

    Description: Best Credit Cards in IndiaA credit card is a great financial tool to add to your wallet. During times of cash crunch, a credit card comes to the rescue for making funds available be it for shopping or travel needs or dining, etc. This tool helps in building or improving the credit history. It can be your friend in need or the worst foe to have and it all depends on how wisely you use it. Choosing the right credit card which of the greatest value to you among the humongous range of credit cards can be overwhelming. To begin with the whole process you need to first figure out your needs and which credit card fulfills them, after this from the list of best credit cards in India select those credit cards and compare them to narrow them down to one credit card. There are entry-level credit cards, shopping credit cards, lifestyle-free credit cards, travel credit cards, super-premium credit cards, and so on. Credit cards that are popular these days are Amazon Pay ICICI Credit Card, Flipkart A

    Explicit: No

    Credit

    Release Date: 08/17/2020

    Authors: Amanda Chan

    Description: The Importance In Using Credit Cards & Building A Credit Score

    Explicit: No

    Credit Card Tips

    Release Date: 03/26/2021

    Authors: Denise Shaw

    Description: credit card tips on how to manage your credit cards especially for those who are trying to improve their credit. check our reviews of unsecured credit cards here https://www.newhorizon.org/Info/unsecured.htm

    Explicit: No

    The Top No Annual Fee Credit Cards in the UK

    Release Date: 03/26/2021

    Authors: WilliamFCornell

    Description: This podcast will explain everything that you need to know about the best no annual fee credit cards. For more detail check out: https://ratewise.co.uk/credit-cards/the-top-no-annual-fee-credit-cards-in-the-uk/

    Explicit: No

    Danny the Deal Guru

    Release Date: 04/18/2022

    Authors: Danny Z

    Description: Credit cards, banks, travel and lots of deals.

    Explicit: No

    The credit card Show

    Release Date: 04/13/2022

    Authors: Sharsh Joshi

    Description: This show gives you information about credit cards daily.

    Explicit: No

    Card Insider Brodcast

    Release Date: 01/25/2022

    Authors: Card Insider

    Description: Card Insider is a Credit Card Comparison website in India where you can compare and Apply Credit Cards.

    Explicit: No

    wealthci - credit cards

    Release Date: 04/29/2021

    Authors: wealthci

    Description: what are credit cards and why do companies issue them ?

    Explicit: No