I am always talking about using my cash back credit cards in order to save money on the purchases I make. If you travel frequently then you might want to take a look at credit card deals with miles in addition to those that pay cash back.
With so many rewards out there it can be difficult to find the right card for you. I found a site that helps you to choose the best card for your needs. It not only lists the bonus miles you get on sign up but it also tells you the primary airline each card applies to so that you can easily find out if your miles will count for the rewards.
You can also search for your card according to the credit rating you fall under and see which rewards cards are available for you. The site is easily used and well laid out, giving you all the basic information on the first glance and then offering more details per card as you go deeper into the site.
Hi LuLuGal – You don’t know of any sites to help find cards that pay you back for gas purchases do you? We have a Citi Rewards Card that we use and get back about $300 per year in gift cards. We have had the card for about 3 years now but the choice of gift cards has reduced considerably. I am looking to open up a new card to earn cash back on gas purchases.
@ Passive:
Actually the only card I know of right now is the Discover card.
It gives 5% on selected items every month and June is selected as gas month.
The card gives 3% on categories like food and clothing and 1% on everything else. Check the site for details…but the 5% changes every month.
I will be using my Discover card for purchasing gas this June.
You can also look at Discover Open Road gas card at http://www.discovercard.com/open-road/?hcmpgn=0801_hpu_cc_open_img because that gives 5% on gas.
I hope this helps.
Give me cash back any day. In my (admittedly
limited) experience, mileage rewards have so many
limitations as to make them useless.
As the saying goes, when you play with snakes, you get bitten. For me, its just not worth the risk to use a credit card just to get rewards; cash back, miles, etc. Unless you spend a LOT of money, the money you get on return is marginal… a happy meal or two at best. Not worth my time and the risk involved IMO.
@ Shawn:
I pay my rent with one card $659 and get 3% back which is $19.77.
Since I would normally write a check for the rent, I have ING send the rent check to the credit card. The card gets paid within a week of me paying rent so I get that $19 before any interest is charged, since interest is charged 20 days after purchase………….so it is worth it for me.
Citi bank has promo like this.
If you do travel a lot then you will want to get a air mile card as soon as you can. Many airlines are discontinuing their credit cards because people are defaulting on them. In turn, it makes it harder for new people to get cards.