CardRates.com Guide: Cash Back Cards
With all of the reward credit cards out there, how do you choose which one will work best for you? How about just keeping it simple and choosing a cash back card? Cash back reward cards are a great way to save money and not have to worry about points, airline miles or other fancy rebates you may or may not keep track of. After all, everyone knows what to do with cash.
Cash back credit cards have been around for a long time and are still very popular today. Credit card issuers are competing with each other for your business and are trying to outdo the latest great offer from the other guys. What that means for consumers is a great rebate card and great terms.
Cash back rewards are just what they sound like. Many cash back credit cards offer a certain percentage of each purchase back each month based on where you use the card and what you buy. Many are now also offering 0% interest for up to a year or longer, along with no annual fee.
The advantage a cash back credit card has over other reward cards is they don’t require as much attention to take full advantage of the benefits. For example, some reward cards offer points you can use toward purchases and discounts. Of course, these “points” have an expiration date. There also are limitations to where and what you can use the points for.
Most of the cash back credit cards available today don’t require as much attention and will issue cash back on a regular basis. You can also choose to apply your cash back toward your monthly charges if you carry a balance.
With all of the cash back credit cards out there, you should be able to find one that fits your needs. You should never need to pay an annual fee for a cash back card. You should look for a cash back credit card that offers a zero-interest introductory rate. Just be mindful of your rate after the intro period.
Credit card companies are trying hard to earn your business and offer some excellent rewards to do so. Some will even give you a signup bonus of $100 or more! Shop around and compare cash back cards for yourself – they may be just what you’re looking for.
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Editorial Note: 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 or otherwise endorsed by any of these entities.