All the Hacks · Wednesday, July 8, 2026
For those who prefer simplicity, cashback cards are presented as a viable option. However, the host points out that many cashback cards lack the travel protections often found on points cards. He also notes that some cashback cards offering over 2% have had their requirements increased or are tied to large bank balances.
“So I think cashback makes sense for the person who just doesn't want the overhead, right? Because even if you wipe all the overhead of transferring to airline partners off, and you just say, I'm going to have one or two cards.”
“Another thing that's been tricky with cashback cards is the travel protections just aren't always there.”
“And, you know, the best card I'd always told people that if you can park a six figure balance, $100,000 or more, in a Bank of America or a Merrill Lynch account, the Bank of America premium rewards, premium rewards elite, unlimited cash, all of those cards ended up getting boosted to be 2.625% everywhere cashback.”