Is there a credit card that will give me both frequent flyer miles and cash back?

Answered on August 18, 2010
Updated on August 18, 2010
The content is accurate at the time of publication and is subject to change.
James Williams James Williams
Many of rewards credit cards today offer flexible redemption options. You can earn points or miles and then redeem them for travel - get flights, hotel rooms, car rentals, or receive cash back, gift cards, merchandize, discounts or donate earned rewards to charitable organizations, and more. To choose the best rewards credit card for you, you should clearly understand your usual expenditures – purchase categories and amounts spent in each category. Then research credit cards with rewards to choose one that will offer best terms for you. Compare purchase categories that can earn you more points per dollar spent. But watch out for set limits (e.g. you earn 2 points per dollar on your first $150 in a specific category, and then you get only 1 point per dollar), expiration dates and other restrictions. And keep in mind that interest rates, annual fee and other possible charges are important. Advertisements may be misleading and raise your expectations more than the rewards are worth. Choose wisely!
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

User Comments about This Question


You will earn cash back by making purchases at select merchants. These merchants can be found in the Venmo Card section of Venmo app. Earned cash back will be applied to your Venmo account. If you are looking for cash back, we recommend you to apply for cash back credit cards.
For sure, you may choose from different cash back credit cards. You may find there offers with up to 5% cash back, no annual fee, sign-up bonuses and other perks. Pay attention to credit cards with increased cash back bonus categories. For example, if you spend a lot on gas purchases, credit cards with special cash back on gas category may be your choice.
HSBC Cash Rewards Mastercard® credit card comes with the following cash back rewards: 3% introductory cash back on all purchases in the first 12 months from account opening, up to the first $10,000 in purchases. Get 1.5 cash rewards on every $1 you spend on all new, net purchases after the intro period. If you want to earn more, you may consider other cash back credit cards.

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There is a credit card for any credit and for any purpose. Whether you want to start building your credit from scratch or earn rewards on purchases, save on gas or travel for free, you can find a good credit card offer for that.