Cash Back or Miles
We like to travel in style by Business Class or First Class, therefore, miles are worth more for us. For economy class travelers, you might consider cash back instead of miles because airlines ticket is so inexpensive nowadays. There are a lot of promotion for Asia and Europe travels for less than $500 roundtrip recently. If you need more than 50,000 miles to redeem your economy class ticket, it is better for you to take the cash and purchase the ticket directly. Bear in mind that 10,000 points = $100 cash back, if you are able to make your 10,000 points or miles worth more than $100, there is great, if not, you should consider cash back or save the miles for future use.
What are in My Wallet for Cash Back?
I have two Cash Back cards in my wallet. They are Chase Freedom card and US Bank Cash + Visa Signature card.
Chase Freedom Card Benefits
Chase Freedom card gives 5% back on bonus categories, but those categories are preset by Chase, and capped at $1,500 in purchases a quarter. Third quarter 2016 5% Cash Back categories for Chase Freedom card are:
- Wholesale Clubs
US Bank Cash + Visa Signature Card Benefits
My favor online cash back site, ebates.com. They pay cash back by quarter and last quarter I got $421.49 in cash back. They regularly have double cash back on some retailers and additional cash back offers by meeting the minimum purchases.