One card offers unlimited cash back while the other features
tiered bonus categories but both can be extremely valuable for everyday spenders.
Lastly, the BankAmericard Cash Rewards card offers
tiered bonus categories, like the Amazon card.
Not exact matches
The caveat is those higher -
tier categories may not match your spending, and you'll stop earning 5 % once you've spent $ 1,500 in those
categories and when the
bonus period ends.
Tiered and
bonus -
category cash - back credit cards offer higher rates on certain purchases and 1 % on everything else.
As with all
tiered rewards cards, it's important to see if the card's
bonus categories fit your spending patterns — you may find that a flat - rate card or a card that offers
bonuses in different spending
categories gives you a higher average rate of cash back.
While there are other cards that feature a
tiered rewards structure with rotating
bonus categories, they don't put you in the driver's seat when it comes to choosing what those
categories are.
There are no rewards
tiers to worry about, and there is no need to sign up for the
bonus categories, which is great if you like to keep things simple.
Although the Ink Business Cash ℠ Credit Card has a low
bonus category cap of just $ 25,000 per
bonus tier, it offers higher rewards rates than many business credit cards.
The Chase Sapphire Preferred is another great card in this top -
tier category: We have gone through three of them in the last few years, collecting the
bonus on each.
How cash back credit cards work — Cash back credit cards offer a flat percentage back on every purchase,
tiered rewards or
bonuses in rotating spending
categories.
Like
category bonus cards,
tiered rewards cards offer more cash back in select spending
categories, but to maximize your earnings you have to think about which card to use with each purchase.
With
category bonus cards and
tiered bonus cards, different types of spending earn more cash back.
Cash back cards come in a variety of flavors —
bonus category,
tiered rewards and flat percentage cash back cards — but they all pay you back.
In April 2015 the credit card lost the free night
bonus (that was a big hit to the value of the card) and, from 1 June 2015, another devaluation to the loyalty program saw a raft of properties bumped up into the top -
tier category costing 70,000 points per night.
There are no rewards
tiers to worry about, and there is no need to sign up for the
bonus categories, which is great if you like to keep things simple.
My ideas include something a free night at a
Category 1 - 6 hotel after every three paid nights or
tiered bonuses for reaching 5, 10, or 15 nights during the quarter.
Even at the top
tier of
bonus category earning it only earns 3.5 X on dining and travel and 2.6 X on everything else.
The next most popular
category (22 cards) was «
tiered»
category cards — cards that offer a
bonus on one or two fixed
categories of purchases (e.g., gas and groceries).
Rewards on everyday purchases — Cash back cards, whether a simple,
tiered or
bonus category card, offer cash back on the items that you buy everyday, such as gas, groceries, department stores and wholesale clubs.
The Business Gold Rewards Card from American Express OPEN offers a
tiered bonus reward system with five
categories to benefit from and choices for the cardholders when it comes to where you'll earn the most.
There are three types of cash back credit cards: flat - rate cash back cards,
tiered cash back cards, and
bonus category cards.
The ability to earn 5x points on purchases from
bonus categories, and then transfer those points to a
Tier 2 account belonging to you or your spouse / domestic partner, makes Chase Freedom much more compelling than a simple cash back card.
Along those same lines, if you decide to carry a
tiered or rotating
categories cash - back card, make sure that you are using that card for the purchases that will earn you the
bonus rewards.
The BankAmericard Cash Rewards ™ Credit Card is a
tiered - rewards credit card meaning you won't need to keep up with rotating
categories in order to earn
bonus cash, so it could be a better option if you aren't willing to strategize with your credit card spending.
You won't earn
bonus cash back for shopping at particular stores or spending in particular
categories, but you also don't have to keep up with
tiers or
categories so «maximizing your rewards» just means using your card regularly.
Key Highlight: • Exceeded sales quotas by 300 — 400 % for six consecutive weeks • Consistently in top
tier sales performance
category, averaging 210 % to quota for 2007 & 2008 • Achieved annual Presidential Cruise
bonus award, ranking in the top 5 % in total sales revenue • One of two associates that increased revenue by $ 100,000, on a prorated basis, for two consecutive years • Earned Top Dog sales award in 2008 for generating the highest sales revenue in the office • Successfully increased the sales force performance from 66 % quota attainment to the highest achieving team at 183 % of quotas in three months, raising revenue by 175 % • Promoted twice to sales manager within four months of employment based on top sales performance