Not much value in rewards credit cards

By John Collett
Updated October 17 2014 - 10:18am, first published August 27 2014 - 12:15am
Six of the best
Six of the best
False economy: Some rewards cards have such high annual fees that you need to spend more than $40,000 a year on the card just to break even.
False economy: Some rewards cards have such high annual fees that you need to spend more than $40,000 a year on the card just to break even.

A study by researcher Mozo shows for most people, credit card loyalty schemes are hardy ever worthwhile.