Cash Back Credit Card Offers
Cash back credit cards are deservedly the most popular type of rewards credit cards. Why? For starters, getting cash back is a lot more useful than collecting points or airline miles that may never be used. More importantly, however, cash back credit cards generally offer lower interest rates than other rewards credit cards and don't charge annual fees. Plus, a number of cash back credit cards offer special deals, such as 5% cashback on gas or grocery purchases.
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About the Best Cash Back Credit Cards
Over the past three to four years, and especially since the credit crunch began, credit card companies have been cutting back on cashback credit card rewards. In 2006, for example, Citi offered a cash back credit card that offered a full 5% cashback on all gas and grocery store purchases. Savvy credit card users jumped all over this offer. They used the 5% cashback credit cards only in the places they could get the best cash back, and then paid their balances in full every month. This, unfortunately, made the card unprofitable for Citi, and soon it was pulled from the market.
Despite these changes, cashback credit cards still offer consumers great value. For starters, unlike airline and travel reward credit cards, cashback credit cards almost always come with no annual fee. Additionally, many cashback credit cards are also 0% APR credit cards with lower long term APRs compared to airline rewards credit cards.
Of course, the most important benefit of cashback credit cards is the most obvious: they pay you cashback. Credit cards that offer points, airline miles, or hotel rewards can be rewarding to people who spend and travel heavily. However, with a cashback credit card, you can simply use the cash you earn to pay for whatever you want, whether it be a flight, a dinner, or your credit card bill.
Presently, I consider the best credit card applications for cashback cards to be those that are the most straightforward. Many cards offer up to 5% cashback in certain categories that change every year. However, it can be difficult to earn a ton of money with 5% cashback credit cards with these restrictions. Thus, it is often best to stick to a straightfoward offer with 1 or 2% cashback. |
Articles Related to Credit Cards with Cash Back Rewards
5% CashBack Credit Cards: Gas Rebate Cards Can Save You Money at the Pump: Many people are only familiar with the gas credit cards offered at the gas station. These credit cards are tied to one specific gas station and often charge very high interest rates. However, individuals looking to save money on gas this summer should look no further than the wide range of low interest gas cash back credit cards currently available online. These credit cards offer the flexibility of choosing which gas station to use, as well as anywhere from 3% to 10% cash back on all gas station purchases.
Cash Advance Credit Cards: You Should Know About These Costs: While cash advance credit cards allow you to use part of your credit line to withdraw cash, there are a number of fees and fine print issues that must be considered before proceeding with a cash advance. Getting a cash advance from your credit card is easier than ever. However, one must be aware of the expenses associated with taking a cash advance before inserting their credit card into an ATM. While there are a limited amounted of credit cards that offer 0% cash advances for 1 year, most charge much higher interest rates on cash advances than they do on regular purchases.
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