Let’s face it, credit cards are as much a part of our lives as cash. We perpetually have it in our wallets, we use it to make the simplest purchases such as groceries, and sometimes we wouldn’t be able to live without it. Since credit cards have become such a staple, why not get the credit cards that reward you every time you make a purchase? And I’m not only talking about rewards cards, but cash back credit cards.
What are the advantages of Cash Back Credit Cards?
Cash back credit cards allow you to receive rebates on purchases you make. Some credit card companies can give you as much as 5% cash back return on the most practical of purchases made in groceries, gas stations, pharmacies, restaurants and the like. The cash back works just like a 5% discount on all these purchases, accumulating to become a huge savings on your part by the end of the year. Usually, people who have a strong credit card history and a good credit score are eligible to have cashback credit cards.
What to Watch Out For With Cash Back Credit Cards?
If you intend to keep a balance on your card, it may be wiser to instead seek a low interest credit card rather than a cash back rewards card. This is because cash back cards usually have a higher interest rate. Also, it is important to check on the details of the credit card such as if there is a limit to the revenue that you can receive, if there is an expiry date to the cash back rewards program, and if cash back expires if you don’t use your card for a certain period of time.
Here are some of the best cash back credit cards 2011 has to give:
Best Cash Back Credit Cards 2011
What better way to spend your money, than with the knowledge that every time you make a purchase, a certain amount will be paid back to you? That’s exactly what cash back credit cards can give their patrons. With cash back cards, it’s as if you’re getting a part of your money back every time you spend.
Getting a return of cash on purchases made is certainly a good deal. After all, we will all eventually spend to on things such as food and gas. So why not take advantage of these credit card offers and earn from the money you spend.