"Reward categories" refers to different groups or types of rewards that can be earned or received. It is a way of organizing or classifying rewards based on their characteristics or benefits.
Full definition
The ranking
of rewards categories still has the same ordering — with hotel rewards being most profitable, followed by travel and airline.
3 % Cash Back: You'll earn 3 % Cash Back rewards for each $ 1 spent on purchases in the
following rewards categories: gas stations and restaurants.
This is especially good for those who have very varied spending, and don't shop at traditional credit
card rewards categories.
Consumers who spend less than $ 24,000 are almost always better off signing up for a cash back credit card, over cards in both the airline and
travel rewards categories.
They also want to avoid the burden of registering their card each quarter for a
new rewards category to get a higher rewards rate.
I figured cash back would be king but I didn't realize how far ahead it would be of the
other reward categories like travel.
For those don't want to have to deal with
activating rewards categories each quarter or only charging purchases that fall within a specific category, this card is ideal.
Your business spends more money on charges that don't typically earn rewards, such as printing expenses and office supplies, than on
popular rewards categories, such as restaurant meals or travel.
If you quickly spend that amount in the 2 % cash
back rewards categories, you miss out on the 3 % bonus cash back for gas purchases.
Unfortunately, there's no way to transfer reward miles between the Dream and
Cash Rewards categories to get around this.
Additionally, the ability to earn a bonus in a
few rewards categories, as opposed to strictly for hotel spending, is a plus.
Through this, you are not locked into a
single reward category, allowing you to optimize rewards month - to - month, based on your firm's spending.
The high rewards rate coupled with the added flexibility of being able to choose your
own rewards categories, makes this a great card.
The wild designs apply across the offer spectrum, from their basic cards to their cash back reward cards and even
special reward category credit cards.
Looking at the
above rewards categories, it seems that one category in only eligible for one quarter of the whole year to earn 5 % cash back.
This means you're not tied down to a
specific rewards category, nor do you have to wait until you've reached a minimum threshold to redeem your rewards.
The lack of spending caps and rotating
rewards categories set it apart from many of its competitors and could significantly increase the amount of rewards you earn.
If you want to try and maximize your cash back, a card offering
bonus rewards categories can be quite lucrative when the categories align with your business's expenses.
3 % Cash Back: You'll earn 3 % Cash Back rewards for each $ 1 spent on purchases in the
following rewards categories: gas stations and restaurants.
This is particularly useful for people with varied spending, not captured by the typical credit
card reward categories.
The high rewards rate coupled with the added flexibility of being able to choose your
own rewards categories, makes this a great card.
Phrases with «reward categories»