7 On Your Side

Study: Credit card rewards getting better

Monday, February 13, 2012

Bankrate.com has studied the rewards credit cards and says the deals are better this year than last. Among the findings are 1-percent cash back continues to be the baseline from which comparisons should begin.

Nearly half of the time, cash-back credit cards offer higher payouts for certain spending categories like gasoline or groceries.

Bankrate.com says big spenders should either consider cards that pay 2-percent rewards on all purchases, or cards that offer an annual bonus.

Another thing to look for in a card is a signing bonus. Many reward cards now offer upfront cash or points just for signing up.

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