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Credit Card Rewards Programs Are Not Made Equal

Sunday, October 13, 2013 - 10:22 PM
From MyBankTracker:
You’re watching TV when a commercial comes on. With exaggerated enthusiasm, the credit card company TV spokesperson emphasizes that you can get up to “five points” per dollar spent on purchases. If you’ve ever taken a look at various rewards credit cards, you’ll find a 5-points-per-dollar reward rate to be rather attractive. But is it really that amazing?
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In 2012, the top four U.S. credit card issuers (as measured by purchase volume) were American Express, Chase, Bank of America, and Citi.    The article includes samples of the rewards, redemption costs and effective points-to-value ratio for their rewards programs. 
pearlbrownpearlbrown1,467 posts since
Nov 2, 2010
Rep Points: 6,376