5 credit card rewards that can turn into savings for some customers
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Research » Guides » Travel with Credit Cards » 5 credit card rewards that can turn into savings for some customers

5 credit card rewards that can turn into savings for some customers

Updated: February 5, 2016

Add to Favorites:
Credit card rewards are often used by credit card issuers to attract customers to their credit cards. These rewards are getting better by the day because o the intense competition that exists between many credit card issuers to get a major chunk of the pie. Here are some of the best credit card rewards which in some cases can translate to direct savings. Cash back offers Customers with excellent credit are often offered credit cards by various lenders like Chase and Capital One etc. with a cash back offer that varies between 1-5% on all purchases at gas stations, groceries, drug stores and super markets. The cash back sometimes is genuinely good, given that there are no caps applied and the cash is directly available to the customer as a check or as a rebate in the next month's credit card bill. Effectively this credit card cash back offer means a discount of up to 5% on everything that the customer spends or purchases which could make for quite a handful of savings by the end of the year. Airline miles For those credit cardholders who travel very often and stay at hotels, for personal vacations or for business, the airline miles available on credit cards, could convert into direct savings. The customers can get handy discounts on the ticket costs. Loyalty points Loyalty points are accumulated month after month depending on the credit card expenses of the customer. There are many schemes offered by credit card issuers, wherein the number of loyalty points added per every dollar spent varies between 1-5 points. These loyalty points can later be redeemed for discounts on purchases made. If you are planning to purchase clothes or some other items at select merchants at the end of the year, you could instead redeem your loyalty points on the credit card, thus saving a substantial amount of money. Entertainment rewards A lot of working professionals like to take a break and go for movies, concerts or operas during the weekend. Credit cards often offer rewards like discounts on the concert tickets or movie tickets. Some tickets have attractive reward schemes like one ticket free of cost on every ticket purchased for movies and concerts. Assuming that this offer is valid once every month, you can still end up saving a few hundred dollars by the end of the year. More importantly, it will help you catch your favorite movies at less cost and also motivate you to not throw away too much money, usually restricting you to that one outing every month. Discounts at hotels and restaurants Many credit card companies like American Express and even networks like MasterCard have tie-ups with restaurant and hotel chains like Hilton and Marriott. The benefit is that whenever you are on vacation, you get special discounts for your hotel stays. You can also enjoy discounts on your lunch or dinner at a few of these restaurants during a weekend outing with your partner or friends.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Other Travel with Credit Cards Research:

Related Research:

How to Get Free Wi-Fi in the Air

By Herbert Moore, Posted: August 9, 2016

Sometimes in-flight Wi-Fi is the bare necessity when you travel abroad or within the country. However not all airlines offer free in-flight Wi-Fi. There is only a couple of airlines that will allow you to use Wi-Fi ... Continue reading

Amazon Credit Cards Review

By Allison Martin, Posted: May 30, 2016

When Amazon.com was launched 20 years ago, few could have envisioned how far the company would come. What was once an online specialty bookstore is now an Internet juggernaut that sells nearly anything and has made major inroads into ... Continue reading

How Much Do Shell Cards Really Save on Gas?

By Allison Martin, Posted: April 20, 2016

There is an endless amount of gas cards on the market, and practically every major gas station, including Shell, has options to choose from. In fact, Shell offers two options for gas cards for consumers. Continue reading