A brief note on cashback vs miles (again)
For the benefit of those who are new to my credit card philosophy, I’m not someone beholden to either cashback or miles. If someone asks you whether you want money SGD or USD, the correct response is: “how much?”
Getting S$10 beats getting US$5, but US$5 beats S$3. This is my approach when it comes to credit card rewards – if I can get 6% cashback, 4 miles per dollar isn’t that attractive. But if something only gets me 1.5% cashback, 4 miles per dollar is a pretty decent offer. Generally, picking the larger number tends to be correct in my books to derive more value.
Check out lists of Best Cards for areas of spend
Of course, my card choices may differ from yours since we probably have very different spending habits. Check out the Best Cards to use for different situations....