Which Rewards do You Prefer?
These days we all have some rewards card on hand. SO which kind of rewards do you prefer? Cashback? Air miles? Hotel points? Automatic Rebates or Discount? According to the survey conducted by cardtrak based on an online poll of 1,000 people, about 56% of consumers prefer cash back on their credit cars, while 23% said they favored air miles. About 12% preferred points and only 9% selected automatic rebates or discounts as their favorite rewards. Nearly all general purpose credit cards offer some type of rewards
nowadays. According to a credit card website, the number of reward credit cards in the US has grown from 290 million in 2002 to 500 million in 2006. For card issuers, the rewards programs will pay an important role on how their consumers use their credit cards. For example, HSBC is a newbie in credit card market. However, we can see the number of their card holders are increasing in the past few months. Their 2% reward cards issued by Household Bank and Orchard Bank are really a good move. Their cards are a must for most of us. Personally, I would vote for cashback and hotel rewards as my favorite rewards. Of course, if I fly a lot, I would get some miles cards. Currently, I will save some starwood points which I think will be useful when I want to use them to redeem hotel stays in large cities like Chicago, New York etc. I encourage you guys to give your opinions. Thanks.








Thanks Shawn.
I prefer cashback. It’s more practical: I spend almost all the time around my university and just buy some grocery every week.
Hi Sander. I agree that the customer service from HSBC is not so good. HOwever, I just use this card for shopping at Walmart. Right now, I am using SPG card from AMEX. I think it would be useful for hotel stays in the future.
Cashback is the best for sure. But the real case is a good cashback card becomes harder to find. for example, HSBC 2% card is great, however, considering the small CL they give and their lousy customer service i would rather use SPG from Amex.