|Credit card art image from here|
There are two main benefits for us by handling our expenses this way:
(1) We can keep track of everything we're spending in one place rather than having to consult a bunch of receipts in order to enter our expenses into our budget tracker.
(2) We're awarded one mile for every dollar spent.
In the past, this worked great for us and we've used these rewards to go on several trips. But since we've had a baby, our plane trips have definitely decreased. I've been thinking about switching our main credit card to a cash back card, since we may see more benefit from that now than from getting miles.
In my research I came across this site, which lets you compare credit card rewards programs based on your own needs. I'm having trouble deciding whether to go with a cash back card, or with this card, which will deposit the rewards directly into a 529 plan for our daughter. For now, I'm still researching, but I'll check back when I decide.