What is a good reward credit or debit card?
On One Hand: You Need to Know the Cards Terms.The links in the References and Resources section have a good comparison of cards available. Compare reward plans by comparing the dollar spent to reward point generated ratio. A good ratio is a point a dollar, but a more common one is half a point a dollar. The goods offered by companies such as American Express are often “sold” for points at the latter rate. Some have special promotions for generating extra points, but these are short term considerations and should not sway your decision.On the Other: Programs Should Fit the User.While some cards offer great rewards, business cards, for example, might give 5 percent cash back on dinner out or office supplies, these probably benefit certain people far more than others. If you like to travel, for example, a card dedicated to frequent flier miles usually gives better value than transferring points from a generic rewards plan.Bottom LineSpecialized reward cards, such as business or frequent f
