What good is a credit card if doesn’t earn you extra rewards every time you go out and spend? The claims of simple rewards that fulfill all our dreams in advertisements may not always be true.

For people who love to travel, credit card travel rewards can be very valuable because they can offset the costs of flying in and staying at certain expensive airlines and lodgings. However, if you aren’t a frequent traveler, you simply don’t earn the required amount of rewards to avail the benefits.

To sum it up, the best option for you depends on what you want. If you are the kind of user who does not want to book last-minute tickets or travel first-class, but wants to sit back, relax, and redeem your rewards easily, cash back is the best option for you!

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• Predictability and consistency
  While different airlines and hotels offer a multitude of reward programs, with cash back rewards, you will always be able to estimate the worth of your earnings. Moreover, cash back programs are simple, and they eliminate the need to find suitable loyalty programs or search for award availability. By contrast, travel rewards may not really give you any benefits if you don’t figure out how to redeem them.
• Myriad of options
  In the face of growing competition, many companies are offering increased reward rates to attract customers, which, of course, works to your advantage.
• Travel rewards may not work for you
  While reward points are advertised beautifully, most airlines and hotels will simply inform you that your reward points are insufficient for the seats or rooms you choose or require. By contrast, redeeming cash back rewards is usually as simple as getting a statement credit or a direct deposit into your account. You may also get to redeem them as gift cards or products.
• Travel rewards don’t necessarily get you anywhere
  If you have an abundance of travel rewards and nowhere specific to go to, or no time or opportunity to do so, you are saddled with a lot of rewards that you can’t use when you’re not travelling. However, if you have cash back rewards at hand and a spontaneous wish to travel; you can use them to make your reservations or spend them in your daily life!
• Travel rewards tend to depreciate, cash rewards are what you should appreciate!
  While travel rewards are most definitely subject to change and depreciate with time, cash back rewards earn interest just like regular cash, thus giving you more in return, guaranteed!
• Travelling is less expensive now
  Given the decrease in the costs of flights and hotels over the years, travel rewards are not as useful as they once might have been. This makes it easier to opt for simple cash back rewards, which can be used for all your expenditures.

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