Reward Credit Cards

Reward Credit Cards

Best Reward Credit Cards

Types
  Airline Miles Credit Cards
  Auto Credit Cards
  Cash Rewards Credit Cards
  Hotel Reward Credit Cards
  Gas Reward Credit Cards
  General Purpose Cards
  Retail Credit Cards

Issuing Bank
  American Express
  Bank of America
  Capital One
  Chase
  CitiBank
  Discover
  First National Bank
  HSBC
  Juniper Bank
  US Bank

Selecting Reward Credit Cards

The estimated dollar spending required to earn a specific amount of rebate is calculated by looking at each card's offer terms, and then make assumptions based on the spending. Below are the assumptions made:

• Gas: We assumed that $125 is charged to a card monthly. Furthermore, this represents 15% of overall charges on the credit card.
• Supermarket: 15% of overall charges on the credit card.
• Dining/restaurant: 20% of overall charges on the credit card.
• Travel: 10% of overall charges on the credit card.
• Total monthly credit card charges: $833.33.

Clearly these are simplying assumptions. Everyone will have different spending patterns, so each person's actual amount will vary. This does not, however, take away the validity of this study, as the goal is to evaluate the relative reward power of all the reward credit cards.