March 18, 2018

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How Cash Back Credit Cards Compare

How to Choose a Cash Back Credit Card

The Benefits of Cash Back Credit Cards


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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.

Credit Card Rewards May Lose Sparkle, But Not Value

Still, credit card experts say that although some of the details of the sign-up bonuses and ancillary benefits may change in the future, people's favorite rewards - the cash back and points that cardholders tend to value highly - aren't going anywhere.

Published:  Thu, 08 Mar 2018 15:42:00 GMT

How Do Gas Rewards Credit Cards Work

Rewards are one of the most requested features in credit cards. The cards included in these categories offer various types of rewards programs, including cash back, points, travel and airline rewards. Finding a credit card which fits your credit profile ...

Published:  Wed, 14 Mar 2018 13:20:00 GMT

4 Reasons Paying for College With a Credit Card Is a Terrible Idea

Get 5% cash back! Earn 10,000 airline miles! Credit card offers and promotions are everywhere. All those rewards are tempting and can get you thinking of ways to get the most out of your credit card. With the high cost of college tuition, you might be ...

Published:  Mon, 12 Mar 2018 03:11:00 GMT

About half of people lend out their credit and debit cards and often the results aren't good

Thirty-six million U.S. adults have had a negative experience lending their credit cards out ... Other issues: not getting paid back (14%) and not getting the card back (10%). "If you give your card to someone else and they run up a balance, you ...

Published:  Tue, 06 Mar 2018 21:01:04 GMT

Amazon Sets its Sights on Office Supplies Industry with New Credit Card

Amazon currently offers two credit cards to consumers through Synchrony Financial and JPMorgan. These credit cards can offer as much as 5% cash back on purchases made on the Amazon website. The company is also in talks with Capital One and JPMorgan about a ...

Published:  Wed, 14 Mar 2018 05:57:00 GMT

Receive a monthly return with a cash-back credit card: Scorgie

Small changes to the way you spend can add up. Metro financial guru Lesley-Anne Scorgie pulls together weekly tips that will add a minimum of $10 to your savings. Ready to watch your money grow Check out this week's tip. Week 11: Switch to a cash-back ...

Published:  Sun, 04 Mar 2018 15:24:00 GMT

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