Travel Deal of the Day (February 9, 2009)

If you have a travel rewards card (for airline points, hotel points or some other travel-related reward), you might want to analyze this decision, especially if you are paying an annual fee. There are now quite a few cash back credit cards providing at least 2% cash back on almost all, if not all, purchases. I find it quite hard to obtain a return of at least 2 cents per point from most travel-related rewards programs, especially given all the hassle using the points and the surcharges and fees. Given the flexibility of cash, you might want to exchange your high annual fee loyalty card for one of these cash rewards cards.