Points vs Cash Back: Which is Better?

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Mark Plymale is NOT a financial advisor. All of the content on this channel is strictly for entertainment purposes.
#creditcards #points #cashback

[ThatCho]

Basically it boils down to a few factors:
- how hard do u wanna work to get my redemption?
- how much do I value flexibility in what I redeem it for?
- how much do I value traveling, specifically international or aspirational travel?

Great video!

[jononfirebudgetinginvestin]

I am focusing on points right now in order to travel! The points are harder to use, but I value experiences. Plus, it really makes the credit card rewards truly feel like rewards!

[LifeWithVinceLuu]

There's been times that I've used the points and been times where I used the cash back. Totally agree with you; it all really just depends (just like with anything in life!).

[jf]

Cash back for the foreseeable future. AmEx and Chase bought a tremendous amount of points/miles from their travel partners (Delta/United/Hilton, etc.) at HUGELY discounted rates that are bound to depreciate when COVID is over. Banks are also giving bonus points in multiple spending categories now - so when everyone has a ton of points - they don't value as much.

[TheAndrewLopezFinancePodcast]

Personally a bigger fan of cash back. Unless you use transfer partners, you can get higher cash back with less annual fees. Think any combination of using 5% card, the BOA preferred reward system for the cash rewards cards, the citi double cash back, and/or using card with 3% categories (Amex everyday card, capital one savor, etc)

[dcrump]

Exactly why I subscribed to you.... like thinker 💪💯💯

[DerikAasansLevelUpTravel]

I have been going points/miles the last 5 years or so, BUT baby on the way in 1.5 months and don’t think I’m going to be traveling a ton. Going from heavy Amex to US bank Altitude Reserve, capitalone venture and SavorOne. Probably downgrading Venture to ventureOne and using my Paypay master card to replace.

[cjmor]

Cash back is nice in for niche purchases like at a specific store that has higher cash back percentage than average but I slightly have a biased towards points on everyday purchases because u have more options on redeeming and almost always can cash out points if needed

[chancejones]

Yay another great video with great I’ve always kinda wondered which is better since I’m pretty new to the cc game. Thanks again

[donniebrasco]

NICE VIDEO!!! KEEP UP GOOD WORK. STAY SAFE

[davidvallejo]

Hey mark, congrats on your growing channel!

Have you planned any international travel in the near future with your rewards ?

I'm trying to use my amex and chase points to travel at some point lol. Also do you have a video on how to use the ultimate portal and amex portal to book travel the most efficient way?

[juliusgil]

Cash back. Points are generally hard to redeem

[Keyumiz]

@5:14 Don't you mean that when you pay with credit card you pay slightly more than if you pay with cash because of the fees?

[P.I.P.E.L.I.N.E_Podcast]

Well I have 1 point card and 4 cash back cards🤷🏾‍♂️