Choosing Between Cash Back Credit Card and Rewards Credit Card

Would you like to apply for a a reward credit card but not sure which one to get? Some reward credit cards offer cash back while others offer non-monetary incentives such as free airline ticket, free hotel stays, gift certificates, merchandise, etc. This article compares cash back credit cards and non-monetary reward credit cards to help you decide which one best complements your lifestyle.

Cash Back Credit Cards – Cash Incentives for Your Spending

Credit cards that offer cash back rewards pay you in cash or cheque based on your monthly or annual spending. Typically, a $1 worth of purchase would be equivalent to $1 cash back point. That means the value of rewards you can get will match the amount of your spending. Thus, if you spend $500 on purchases, you will get $500 cash back rewards in return.

read more: Choosing Between Cash Back Credit Card and Rewards Credit Card

related rewards: Travel Reward Credit Cards

Regular Credit Card Spender and Cash Back Credit Card

If you are a frequent spender then a cash back credit card is good for you. Find out how to apply for a cash back rewards credit card and make most of it.

A lot of credit card companies offer rewards programs to stay on top of the market. One of the most popular reward credit cards is the cash back credit card and if you are a big spender, then you should definitely think about getting one. However, don’t just grab a deal without getting to know the consequences.

read more: Regular Credit Card Spender and Cash Back Credit Card

Consumer Advice for Cash Back Credit Card User

Cash Back Credit Card Consumer Advice. Want to earn money by spending with your credit card? Take note of this important advice for cash back reward credit card holders.

How would you like to get extra money in your pocket as an incentive for being a loyal customer? True enough, this is the promise that credit card companies give for their reward credit cardholders. And the most popular type of reward credit card is the cash back.

Can you really earn money by spending with your credit card? Is getting a cash back reward card really worth it? And how can you make the most out of this opportunity? More importantly what should you remember when using reward credit cards? This article presents important advice for cash back reward credit card holders.

read more: Consumer Advice for Cash Back Credit Card User

Is it Worth to Apply for a Cash back credit cards?

A cash back credit card holder has more freedom not just in collecting points but in redeeming rewards as well. But Are They worth the Deal?

When it comes to reward credit cards, cash backs are the most popular. Why so? This is because cash back reward cards give its holders more flexibility in collecting and redeeming rewards.

Unlike other credit cards with rewards, one with a cash back reward has simple rules. Generally, customers are given 1 point for every dollar they spent using the card. Most cards give points regardless of the type of purchase made.

It doesn’t matter whether the purchase was made from a gasoline station, drugstore, boutiques or groceries, as long as the expenses are charged to the card, the equivalent points are given. Credit cards with cash back can be used by both frequent shoppers and those who use their cards occasionally.

Choosing the Right Cash Back Reward Credit Card
Although there are many cash back cards in the market, not all give the best deal. To find the best credit card in the market, you need to spend time doing research, comparing your choices and studying the details.

Credit card review sites can be of great assistance. These web sites can help you recognize which cards in the market have the most potential. Here, cards are categorized according to their use so you can go straight to the list of cash back credit cards that are designed for you. If you’re a consumer or a business owner, you can surely find the exact cash back card that suits you.

Read reviews about credit cards with cash back rewards to help you narrow down your choices. However, take note that the reviews only feature the strongest and weakest features of each card. After reading reviews, don’t forget to check out the official website of the credit card and read the complete Terms and Conditions.

Don’t Focus on the Interest Alone
People usually prefer credit cards with the lowest APR over those with slightly higher rates. Although it’s important to get a card with a low rate, your choice of card should not be based on this one factor alone.

There are cards that offer incredibly low interest rate but with expensive fees and charges. For example, does the card carry an annual fee? What about the late penalty and transaction charges? How long will the low interest rate last? How is the interest rate calculated?

After checking the fees and costs, evaluate the rules of the reward program. Here are some of the basic questions you can ask:
• How exactly can you earn points?
• What kinds of purchase are qualified for points?
• Is there a limit to the value of rewards you can earn?
• Are there blackout dates and restrictions?
• How will you be able to redeem your rewards?

Some cash back cards are affiliated with specific merchants. Find cards that have partnerships with your favorite shops and establishments. If you often purchase from these stores, you have the chance to get more points from your expenses.


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