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What is an average number of miles earned per dollar spend on a prime travel rewards card?
Thanks!
@heathuhhhhwebbbb wrote:What is an average number of miles earned per dollar spend on a prime travel rewards card?
Thanks!
1
Oh okay. I just got the Cap1 executive office to give me 1.25 miles for every dollar spent and I wasn't sure if that was "good". LOL
@heathuhhhhwebbbb wrote:Oh okay. I just got the Cap1 executive office to give me 1.25 miles for every dollar spent and I wasn't sure if that was "good". LOL
Look up a great blog called the boardingarea and you'll quickly find out about credit card churning and how worthless these miles/points cards are after their sign-up bonus has been applied to your account.
First, keep in mind that capital 1 "miles" are not the same as frequent flyer miles. Think of them as cash back points that you redeem after you purchase airline tickets using the card. Second, I'm not sure how you could read boarding area or flyer talk and come away with the impression that travel cards are only useful for the sign up bonuses. Unless you mean cap 1 specifically. Or do you mean for people who don't travel? For people who fly or stay at hotels frequently, miles or points often have greater value than straight cash back.
@Cdnewmanpac wrote:First, keep in mind that capital 1 "miles" are not the same as frequent flyer miles. Think of them as cash back points that you redeem after you purchase airline tickets using the card. Second, I'm not sure how you could read boarding area or flyer talk and come away with the impression that travel cards are only useful for the sign up bonuses. Unless you mean cap 1 specifically. Or do you mean for people who don't travel? For people who fly or stay at hotels frequently, miles or points often have greater value than straight cash back.
Gotcha. I just did some playing around on the rewards menu. I think I will benefit more from the "miles" from Cap1 though, rather than Cash Back (since I have two other cash back rewards cards). I don't think I made the wrong choice for my own personal needs.
@heathuhhhhwebbbb wrote:
@Cdnewmanpac wrote:First, keep in mind that capital 1 "miles" are not the same as frequent flyer miles. Think of them as cash back points that you redeem after you purchase airline tickets using the card. Second, I'm not sure how you could read boarding area or flyer talk and come away with the impression that travel cards are only useful for the sign up bonuses. Unless you mean cap 1 specifically. Or do you mean for people who don't travel? For people who fly or stay at hotels frequently, miles or points often have greater value than straight cash back.
Gotcha. I just did some playing around on the rewards menu. I think I will benefit more from the "miles" from Cap1 though, rather than Cash Back (since I have two other cash back rewards cards). I don't think I made the wrong choice for my own personal needs.
1.25 is ok but 1.5 cash back works out better, although in all fairness i prefer points or miles cause cash back feels like I'm just getting money and deposit to my account and I don't feel like I earned it i just feel like i got some money back, with points i feel like it's free money, i dunno just weird mindset. but regardless 1.5% cash back would be much better than 1.25 points or miles. I would take the cash back and just pay for my own ticket, but at that limit even if you max it out and pay in full once every month you would only be looking at $15 a year extra you would have in bonuses a year. if you chose cash back
I prefer the mileage. I used to have two AMEX SkyMiles accounts that I used for my business. Those cards got used every month and I racked up over 1 mil miles over time. The mileage does feel better than getting cash back. It's kind of like a partically free trip somewhere.
It was 1 for every $1.
Miles are worth more than cashback for me, and many others. Even at 1.25 mile to 1.5 cashback. That's because you can redeem miles at a very good rate and get more value for your money than if you just bought a ticket with cash.
Frequent flyer miles are worth more than 1 cent. General travel rewards miles are worth 1 cent or less; they are redeemable at a value of 1 cent per mile, but the condition that they can only be redeemed for travels makes them worth less than cash back.
You can get at least 1.5 mile per dollar spent with the Bankamericard Travel Rewards card. It's 1.65 miles if you have a checking account with them.