October 20, 2017

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How Cash Back Credit Cards Compare

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The Benefits of Cash Back Credit Cards


Top Consumer Reviews Articles provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

The Benefits of Cash Back Credit Cards

With cash back credit cards you receive something for nothing - that sounds like a pretty good deal right? Cash back credit cards give you a bonus for spending money. Cash back credit cards gained popularity after airlines offered cards with “bonus miles.” Now, most credit cards offer some type of reward program - often in the form of a cash back bonus. We all have to spend money on bills, groceries, gas and other essentials. By using a cash back credit card with these purchases, you are receiving money back for items you are already spending money on.

Cash back credit cards work best for those that pay off their balance in full each month. By doing this, you will not pay any interest on your purchases (which is often high with cash back cards) while receiving all the benefits of your rewards. You are essentially getting free money.

Most cards offer anywhere from 1%-5% cash back rewards, depending on what you are purchasing. That is like going to a store and getting 5% off with every purchase. On average, most users receive about 3% back on each purchase. Often, many users get credit cards for their family members to optimize earnings. If you and the members of your household use cash back credit cards on all your purchases, it would add up to a significant amount over the course of the year. Many businesses can also use cash back credit cards and can reap the same benefits and savings each month as well.

There are many benefits to receiving cash back every month. If the rewards come back as a statement credit, then you have reduced credit card bills each month. Other cards send your reward in the mail and can use it to spend it on whatever you want - this could be your vacation or entertainment money. You might feel you have the freedom to use your cash back rewards on items you wouldn’t ordinarily purchase with your hard earned money.

Credit card users have been down recently and many companies have been offering great rewards for new users. There are many different options out there to choose from. You can find one that best supports your spending habits.

Cash back credit cards are one of the best types of credit cards to choose because you earn a portion of the money you spend back and you have the freedom to choose to do what you want with the bonus cash. They are easy to use they offer many benefits to consumers that research and select credit cards that fit their lifestyle. The savings can be significant and costly charges can be avoided if the consumer makes payments promptly and in full each month.

Capital One's new cash-back credit card for foodies

Capital One's new credit card aims to pay people back for what many are already spending big on: dining out. The card, called Savor, offers unlimited cash back in standard categories like 2% back on groceries and 1% on all other purchases. But it's the 3% ...

Published:  Mon, 16 Oct 2017 18:36:00 GMT

You're Still Paying Credit Card Fees Even If You Use Cash

That's why they encourage cardholders to spend money with rewards. Rewards come in the form of cash back or travel points. The credit card companies still earn a healthy profit after accounting for rewards they dish out. Last year, American Express gave ...

Published:  Sun, 15 Oct 2017 19:22:00 GMT

Why paying with cash may not save you from credit card fees

Here's why cash-payers are being impacted by credit card fees To get into how cash-payers may be impacted by credit card fees, we have to back up a bit and explain the charges associated with the credit card business. Up until recent years, retailers ...

Published:  Mon, 16 Oct 2017 11:56:00 GMT

Best Cash Back Credit Cards

How would you like to earn cash back for everything you buy Cash back credit cards can make this a reality, as they give you a percentage back in cash for purchases you make with the card. Some earn a flat cash back rate for everything you buy, while ...

Published:  Wed, 18 Oct 2017 05:54:00 GMT

3 Cash Back Credit Cards That Earn You 5% This Quarter

3 Cash Back Credit Cards That Earn You 5% This Quarter We're three-fourths of the way through 2017, which means it's time to update your quarterly bonus categories for your cash back credit cards. The Chase Freedom®, Discover it® Cashback Match ...

Published:  Tue, 17 Oct 2017 03:03:00 GMT

Best Airline Miles Credit Cards

Maximizing the best miles credit cards is just one of the ways to get the ... The United TravelBank Card is a no-fee airline rewards card that earns cash back rewards. Budget travelers will be happy because the can earn the same purchase rewards as the ...

Published:  Mon, 16 Oct 2017 19:31:00 GMT

New Capital One Savor card pays 3 percent cash back on dining purchases

Cash back can be redeemed for any amount at any time for statement credit, check, gift cards or charitable donation. If you eat out frequently and want to earn a generous rewards rate for doing so, this card is ideal. Additionally, those who plan to carry ...

Published:  Tue, 17 Oct 2017 17:00:00 GMT

What to Weigh When Considering a Secured Credit Card

This won't affect your ability to get your deposit back. Upfront deposits ... so you probably aren't missing out on too much by opting for a secured credit card instead. If you can afford the cash deposit, a secured card can be useful.

Published:  Tue, 17 Oct 2017 22:20:00 GMT

Capital One Launches Savor Card With 3% Cash Back on Dining

This new cash back card has a focus on dining where you can earn unlimited ... Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved ...

Published:  Tue, 17 Oct 2017 14:00:00 GMT

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