Source: George Hobica, MSNBC

With new frequent-flyer fees, cash-back cards make more sense than ever for most consumers.

Remember S&H Green Stamps? I sure do. When I was a kid I used to I help my Aunt Freda paste them into books and then she’d trade them in for toasters and clock radios and the like. The company is a shadow of its former self, but still exists, sort of, in the guise of S&H Greenpoints.

The American public’s fascination with Green Stamps started to wane in the 1980s, and turned instead to frequent-flyer miles and points. But there’s one big difference between the two types of programs: you could always spend your Green Stamps as soon as you had enough to buy something. But “spending” frequent flyer points is getting harder, and may get harder still as airlines make fewer seats available and increase the number of miles required for various awards.

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