Re: Credit Card Travel Rewards
No doubt there are many approaches. I have a Schwab visa (issued by MBNA, actually) that accrues points redeemable for a wide variety of things. If you prefer cash, they will cut you what is effectively 1% cash back. You can also redeem points for travel. We did this once so far, getting my wife a ticket to go to Denver to visit family. She got a direct flight on Continental that we picked out before-hand. Cost of the flight was about $300 if I bought it, but we got it for 25000 points ($250 equivalent). With this card you can get any flight of value up to $400 for 25k points, after that the point price starts climbing.
I figure that if I am ahead by taking cash, I'll take it. If I am ahead by taking the flight, great. Its nice to have the flexibility.
"To be a man means that you are brave, loyal and true. When you are in the wrong, you own up and take your punishment. You don't take advantage of women. As a husband, you support and protect your wife and children. You are gracious in victory and a good sport in defeat. Your word is your bond. Your handshake is as good as your word... When the ship goes down, you put the women and children into the lifeboats and wave good-bye with a smile." C Murray