Which rewards credit cards offer the best value? - Credit Card Rewards FAQ


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Which rewards credit cards offer the best value?

Answered on | Updated on February 3rd, 2013
The content is accurate at the time of publication and is subject to change.
This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the Citi.
Citi Hilton HHonors Reserve card offer has expired

Although credit cards that give cash rewards and points rewards can both usually be counted on to give you a 1% return on your spending – one point equals one cent – the best values in credit card rewards are almost always found in travel. Whether they are hotel rewards cards like the Citi Hilton HHonors Reserve card (expired offer) or frequent flyer cards like the Delta SkyMiles from American Express, travel cards give great rewards. Cards that offer the American Express Membership Rewards program and the Chase Utimate Rewards program are especially valuable because they let members transfer reward points to a frequent flyer program of their choice.

Keep in mind that just because a rewards card has an annual fee, that doesn't mean it isn’t a good value. In fact, many cards that offer the highest value do have annual fees. In general, credit cards that carry annual fees tend to offer very high value rewards – so that if you make good use of the rewards, you will earn back the fee plus more.

Gift cards are another good option for value redemption. Through the Citi ThankYou center, you can trade your points in at a value of 1 cent per point when you buy gift cards from Barnes & Noble, Sephora, Zappos, Amazon, and many more retailers.

Watch out for merchandise redemption. Turning in reward points for merchandise could cut your reward point value nearly in half. Gift cards always offer better value than buying merchandise directly from a credit card rewards site.

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.
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Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
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Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
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INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
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