Good Housekeeping should offer itself a seal of stupidity. It recommends best rewards credit cards and somehow manages to put the Capital One GoMiles card at the top of the list.
- Capital One’s “Go Miles” Visa lets you rack up miles without airline restrictions or blackout dates. For every dollar spent, you earn one mile, and for every 9,000 miles you earn $100 toward a plane ticket.
This amounts to a 1.1% rebate, but unlike most rebate cards that pay you cash this rebate limits what you can do with the money. It’s a small award, 1.1%, and the award can only be used on airline tickets. And then you have to book the ticket through Capital One, complying with their rules and restrictions. David Spade may be a cool spokesman, but could there be a worse rewards card?
See this post for the actual best reward cards.