 TITLE: What’s the Difference Between Cash Back, Points and Miles? CONTENT: What's the Best Way to Redeem Credit Card Rewards?\n--------------------------------------------------\nThe best way to redeem your credit card rewards depends not only on the card you have, but also on your financial situation and goals.\nWith a cash back credit card like the Capital One Quicksilver Cash Rewards Credit Card, it's relatively easy to maximize your rewards because you're getting cash back rewards that don't change in value when redeemed for cash back.\nWith points and miles cards, however, things can get a bit trickier. For example, if you have the Chase Sapphire Preferred® Card, you can get 1 cent per point if you redeem your rewards for cash, but you'll get 1.25 cents per point if you redeem for travel through Chase's Ultimate Rewards platform. If you transfer your rewards to one of Chase's airline or hotel partners, you could potentially get even more value that way.\nIf you want to maximize the value of your points, taking the time to research redemptions with Chase's partners and transferring your points could net you far more value than what you'd get if you redeem directly with Chase. The same goes for other points and miles credit cards. Take a look at how much your rewards are worth, and try to pick the redemptions that give you the most bang for your buck. Keep in mind, however, that there may be times where it's better to pick a lower-value redemption option if it meets your current needs or goals, such as cash back if you're short on funds. END