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

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most 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

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.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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:

Top 5 Cards for Travel from Our Partners: Spring 2018 – Expert Choice

Top 5 Cards for Travel from Our Partners: Spring 2018 – Expert Choice

Posted: February 12, 2018

Days are getting longer, snow is melting and you already feel the lightest breath of warm breeze on your face - spring is here. Summer holidays are looming, and so is Easter with its shopping. You can lift in spirits and let CreditLand ... Continue reading
Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Posted: February 10, 2018

If you're trying to find the perfect rewards credit card, you might feel like you're drowning in options. There are just so many out there, and many of them look similar. This can make it tough to decide on a card. One thing people often ... Continue reading
Price Protection: Credit Cards That Will Refund a Price Drop

Price Protection: Credit Cards That Will Refund a Price Drop

Posted: February 8, 2018

Those who often find themselves buying stuff and then discovering that they could pay less for the same item they've just bought, will appreciate this credit card benefit – price protection. This is the least known and the most neglected ... Continue reading
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!