What is a “cash back” credit card?
Cash Back credit cards give cash rewards to cardholders for making purchases with the card. A cardholder accumulates cash rewards based on the dollar amount of his/her purchases with that particular credit card over a period of time A typical cash back rate hovers around 1%. However, some cards offer a higher cash back percentage with increased usage and some offer a higher cash back percentage at select merchants. Many cash back cards offer cash back on purchases but do not offer cash rewards on balance transfers or cash advances. Each cash back credit card is a bit different, so be sure to read the terms and conditions to find out what cash back percentage you can expect, whether there is a limit on how much can be accumulated in a year, etc. Be sure to thoroughly look over the terms and conditions for each specific card.
A cash card is one of the most preferred credit cards on the open market today. Many consumers are looking to get something for the use of credit. The cash credit card is available with secured cards, unsecured credit cards, and with prepaid credit cards. The debit card user who normally has one of the major company logos like Visa, MasterCard, or Discover expects cash back rewards on their card. A card is vital for most consumers because they are so use to getting rewards from manufacturers in the form of rebates and coupons it only stands reasonable for them to get rewards for using the credit card. A good reward program will not cost the consumer an arm and a leg to maintain. It is often part of the package deal that gives you a low APR% and late fee charges. One of the important parts of having a good cash back card is the fact that you earn no matter what you use your credit card for when spending. You should be able to make hotel reservations, airline reservations or on merchandi
