Why Cashback Might Be Better Than Points

Rewards credit cards typically come in two forms: points or cashback. While points systems can be rewarding for regular travelers or those who prefer gift cards, cashback cards might be a better choice for many people. Here's why.

Cashback is simple and straightforward. You get a percentage of your purchases back as cash. There's no need to figure out conversion rates or browse through rewards catalogs. You simply earn a set percentage of your spending as cashback, which can be applied to your credit card balance or deposited into a bank account.

With cashback, you have flexibility. While points often have to be used for specific rewards or purchases, cashback can be used for anything. Whether you want to put it towards a big purchase, use it to pay off your credit card balance, or save it for a rainy day, the choice is yours.

Cashback is tangible. While the value of points can fluctuate and is sometimes hard to determine, cashback is a concrete benefit that you can calculate and track. You can see exactly how much you're earning and how your spending is benefiting you.

Finally, many cashback cards offer competitive rates. Some even offer up to 2% cashback on all purchases, which can add up to significant savings over time. For more information on the benefits of cashback cards over points cards, visit meyollo.com.