Reader Poll – Cash Back or Travel Rewards Credit Cards?
I have seen multiple posts and articles about credit cards that offer rewards. The reward structure for said credit cards tend to be either cash back or travel miles. When you read these articles, you will see that people are fans of either the cash back credit card or the travel rewards credit card. You don’t see too many people liking both. I am not sure why this is, but I figured I would put this to the test. Hence, the reader poll!
It is your turn to tell me what type of credit card you like. Are you a cash back kind of person, or do you prefer racking up travel miles in order to fund your next vacation? What is your favorite card? I am a cash back kind of man, but that is because we don’t travel that much right now. My wife has started earning travel rewards with the Barclaycard Arrival World Mastercard. I have both the AMEX Blue Cash Preferred card and the Discover it card. Both are great. I sometimes use my Upromise Mastercard in order to put some cash in to my son’s 529 account.
Some may note that I am a person that was in over $50,000 worth of credit card debt. Why am I using credit cards again? Before I get hate comments, tweets, or emails, I will say that my mindset has changed. I have used my cash back credit card for a year now and haven’t paid a cent in interest. I mean, I have paid NO INTEREST! I pay off my credit card every month. I have earned well over $1,000 in cash back with my cards. I use my credit card for practically every purchase. I know understand my spending habits and credit cards do not increase my spending. I am in full control of my spending.
OK, enough of the background and all of the fun talk. It is time to get to the credit card war! Vote below for which type of reward credit card is your favorite.