There are different types of credit card rewards — but this is the best one

Online shopping with a credit card

  • There are a few kinds of rewards credit cards. Some earn cash back, others earn points that can only be used toward statement credits, and others earn the best type: transferable points.
  • Transferable points are credit card points that you can transfer to travel partners, such as airline and hotel loyalty programs.
  • Amex Membership Rewards points, Chase Ultimate Rewards points, Citi ThankYou points, and Capital One miles are all examples of transferable rewards.
  • The beauty of transferable points is that you’ll often need fewer rewards to book a flight when you transfer points to an airline program rather than just read more >>>

    Source : BusinessInsider.Com

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