We used internal data to calculate the dollar values you need to spend on travel to break even between cash - back and travel credit cards, as well as
the dollar value of rewards earned.
Not exact matches
All you need to do is look at the number
of points or miles needed to
earn a certain
reward and divide that amount by its
value (in
dollars).
The «
dollar value»
of your travel
rewards often fluctuates, depending on how you
earned the points or miles (was it a «bonus»?)
The Capital One ® Venture ®
Rewards Credit Card and the Barclaycard Arrival Plus ® World Elite Mastercard ® are tied in terms
of total points or miles
earned and the total
dollar value of those points or miles.
The biggest benefit I've found is that you can also submit auto service statements to redeem
rewards points at the full
dollar value as opposed to getting cash from the
rewards program (which, you know, usually only gives you about 50 %
of what you've
earned).
The
rewards rate for each card is the
dollar value of rewards, perks and bonuses
earned divided by the amount
of spending you make using the card.
However, with this offer, you
earn 250
Reward Dollars after you make $ 1,000 in purchases in the first three months
of Cardmembership instead — that's $ 100 extra
value, the equivalent
of an additional 10 % return on your spending.
If you want to cover the annual fee for the Marriott
Rewards business card based on spending alone, you'll need to spend around $ 10,761, assuming an average
value of 0.92 cents per point and that your
earning only one point per
dollar.
The
value of 1 Disney Dream
Reward Dollar is $ 1, so at the end
of the day you'll be
earning a
rewards rate anywhere between 1 % and 2 % - which is fairly decent.
If the Chase Freedom Unlimited card
earns 1.5 Ultimate
Reward points for every
dollar spent, and the
value of each point is held at $ 0.0125, the actual
rewards rate could be as high as 1.875 % - significantly better than the Capital One ® Quicksilver ® Cash Rewards Credi
rewards rate could be as high as 1.875 % - significantly better than the Capital One ® Quicksilver ® Cash
Rewards Credi
Rewards Credit Card.
How We Calculate
Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annua
Rewards: ValuePenguin calculates the
value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annua
rewards by estimating the
dollar value of any points, miles or bonuses
earned using the card less any associated annual fees.
What it comes down to is not the type
of rewards you
earn, but how you can get the most
value per
dollar between
earning and redemption.
If you want to cover the annual fee for the Marriott
Rewards business card based on spending alone, you'll need to spend around $ 10,761, assuming an average
value of 0.92 cents per point and that your
earning only one point per
dollar.
The reason is that while I
value the 5 bonus Hilton HHonors points per
dollar at about 2 cents, and I
value one United MileagePlus or Delta Skymile at about 2 cents, I
earn Skymiles through flying domestically on Delta and partner flights, and can transfer Chase Ultimate
Rewards points to United, while
earning Hilton HHonors points will become much harder after the changes to the
earning structure
of their co-branded American Express credit cards go into effect in May.
To put a
value to those numbers all you have to do is note that IHG members
earn 10 IHG
Rewards Points per
dollar spent at full service properties so Kimpton Tier 1 members are effectively getting a points equivalent
of a $ 100 hotel stay....
Here we cover the bonuses and perks that the Disney ® Visa ® Card offers and the
value of the Chase
Reward Dollars ® you
earn.
At GET.com we love
rewards, and the way that a card lets you
earn rewards along with the
value of rewards earned per
dollar play a key role in determining the final rating
of a credit card.