Cash Back Credit Card Reviews
Cash Back Credit Card Reviews
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Cash Back Credit Cards
Choosing the right cash back credit card can allow you to earn money on both big and small purchases - cash that you can use however you like, and whenever you want.
Many cash back credit cards exist today that compete for your business. These cards pay you a percentage back on all purchases, and some give additional rewards from specific retailers. Some of the savviest money managers use cash back credit cards for all of their purchases. They pay off their balance each month, and take their cash back rewards to the bank.
When looking for the right cash back credit card, you need to consider several factors. Some of these include:
TopConsumerReviews.com has reviewed and ranked the best cash back credit cards available today. We hope these reviews help you find the best cash back credit card to help your bottom line!
How Cash Back Credit Cards Work
Every time you swipe your card, the store merchant must pay the credit card company a small fee or a percentage of the sale. A portion of this fee is given back to the consumer in the form of a cash back reward. Cash back cards encourage consumers to use their credit cards for everyday purchases and the credit card company benefits from the store fees and passes some of the money back to the consumer.
Every card has a different system for how you redeem and receive your rewards. Some are automatically applied to your statement or are sent in the mail. With other cards, you must manually redeem your rewards (usually on the credit card website). Some offer money back on a monthly basis while others may send the cash back at the end of the year. Some other credit cards require a minimum balance to be released before you earn your rewards. Typically customers will receive the money back as a credit on their account or as a check or cash card in the mail.
Most of credit cards keep track of your cash back rewards with a point system (or something similar). For example, some cards may give you two points for every dollar spent on groceries. 1000 points may equal $10 in cash back. So if you spent $500 dollars on groceries, you would be eligible for $5 back. Often credit card companies have partnerships with other larger companies. Making a purchase from a store that has a partnership with your credit card company would mean a higher percentage of cash back rewards from that purchase. This might mean that different stores offer more or less points for purchases made there.
Another way cash back credit cards are able to offer rewards are from annual fees and interest accrued. While some credit cards have no annual fee, often cash back cards with bigger reward packages have some type of annual fee. Make sure your rewards are going to offset the annual fee you may be required to pay. You want to use the card to your advantage. Cash back rewards cards have higher interest rates than most other cards to help offset the reward costs. It is important to remember to pay off your purchases on a monthly basis to avoid high interest charges. This will allow you to enjoy the benefits and while paying little to no interest on purchases. Those that carry a balance from month to month will end up owing far more in interest charges than what they will receive as rewards
Always pay attention to the fine print. Many customers rush to sign up for a card that offers 5% back on all purchase, but miss the part about it being an introductory offer. While this is a good incentive and one to consider, make sure you think about how the card and its benefits will look for you long term.
Cash Back Credit Cards In The News
When it comes to cash back credit cards, the goal is simple: for every dollar you spend, you earn money back in your pocket. You can use that cash for anything - from paying off student loans to savin...
Published: Thu, 13 Sep 2018 05:32:00 GMT
4.5 stars We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. A clear cash-back leader with a laund...
Published: Thu, 13 Sep 2018 02:09:00 GMT
E-commerce portals such as Amazon India, Flipkart and Paytm Mall are also offering Rs 6,000 flat cash back when you buy the Samsung phone ... and 128GB / 512GB storage. A microSD card slot with suppor...
Published: Wed, 12 Sep 2018 01:31:00 GMT
BASKING RIDGE, N.J., Sept. 4, 2018 /PRNewswire/ -- Affinity Federal Credit Union announced today its new Affinity Cash Rewards Visa® Signature Credit Card, the latest in its wide-ranging line of Affin...
Published: Tue, 04 Sep 2018 07:44:00 GMT
If you love buying gifts for friends, loved ones, and your postal carrier, you might already be shopping around ahead of the holiday season. But if you use cash or debit to pay for holiday gifts, you' ...
Published: Sat, 21 Oct 2017 03:27:00 GMT
This article was updated June 18, 2018. Making purchases can be fun, but paying for those purchases generally isn't. A cash-back credit card can take some of the pain away. If you choose your credit c...
Published: Mon, 18 Jun 2018 07:35:00 GMT
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