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.
More Rewards:
Cash Reward Credit Cards
Airline Reward Credit Cards
Gas Credit Cards Reward
Tuesday, September 15, 2009
Wednesday, September 9, 2009
Handling Reward Credit Card Disputes
If You’re a Business Owner
Online business owners or internet marketers should be especially aware about the issue of credit cards and disputes. Yes, accepting credit card payments can dramatically boost your sales particularly from reward credit cardholders but there is also the risk of occasionally disputes from customers. Anticipating the problem and knowing how to handle it is best.
How to Handle Disputes
Merchants usually encounter charge back disputes from customers who purchased with a credit card. It is called a charge back since the customer makes the complaint to his/her credit card issuer a day or days after the item has been bought and paid. In short, the credit transaction has been done and the charges have been credited to the cardholder’s account.
What are the possible reasons for a charge back dispute? One possible cause is that the account has been used without the Real cardholder’s consent. Unauthorized charges can occur when the actual credit card or the credit card numbers have been stolen. This usually happens with online purchases.
Another reason for a charge back dispute is that the customer received the purchased items in bad condition. This can happen because of poor packaging or a poor delivery service. Obviously, if the item isn’t received well, the customer will complaint and demand the refund of the purchase.
In both scenario, the issuer of the credit card will usually be on the side of the cardholder. Thus, the merchant becomes the one to shoulder the payment of the credit card charges. Customers have the right to dispute and protect themselves against poor customer service and it is the owner of the business who has to carry the load.
Obviously, if you own an online business, it is your duty to secure the protection of your customers’ identity and their purchases as well. To avoid charge back disputes, you must ensure that you are using a secured website and that you are using a reliable shipping service.
If You’re a Customer
As a credit card holder, what can you if you found out that there are incorrect charges in your account? Remember that you have the right to dispute these charges. Call your credit card issuer immediately and explain the situation. Don’t forget to do follow up through a formal dispute letter sent through registered post mail.
Always check your monthly credit card bills for any signs of fraud or unauthorized transactions. If you’re a using a reward credit card, see to it that you are really getting the points you earned from your purchases.
Don’t buy from online shops with a questionable reputation. Check the background and history of the merchant. See to it that you are using a secured server and that your personal information will be kept confidential.
More Rewards:
Cash Reward Credit Cards
Airline Reward Credit Cards
Gas Credit Cards Reward
Online business owners or internet marketers should be especially aware about the issue of credit cards and disputes. Yes, accepting credit card payments can dramatically boost your sales particularly from reward credit cardholders but there is also the risk of occasionally disputes from customers. Anticipating the problem and knowing how to handle it is best.
How to Handle Disputes
Merchants usually encounter charge back disputes from customers who purchased with a credit card. It is called a charge back since the customer makes the complaint to his/her credit card issuer a day or days after the item has been bought and paid. In short, the credit transaction has been done and the charges have been credited to the cardholder’s account.
What are the possible reasons for a charge back dispute? One possible cause is that the account has been used without the Real cardholder’s consent. Unauthorized charges can occur when the actual credit card or the credit card numbers have been stolen. This usually happens with online purchases.
Another reason for a charge back dispute is that the customer received the purchased items in bad condition. This can happen because of poor packaging or a poor delivery service. Obviously, if the item isn’t received well, the customer will complaint and demand the refund of the purchase.
In both scenario, the issuer of the credit card will usually be on the side of the cardholder. Thus, the merchant becomes the one to shoulder the payment of the credit card charges. Customers have the right to dispute and protect themselves against poor customer service and it is the owner of the business who has to carry the load.
Obviously, if you own an online business, it is your duty to secure the protection of your customers’ identity and their purchases as well. To avoid charge back disputes, you must ensure that you are using a secured website and that you are using a reliable shipping service.
If You’re a Customer
As a credit card holder, what can you if you found out that there are incorrect charges in your account? Remember that you have the right to dispute these charges. Call your credit card issuer immediately and explain the situation. Don’t forget to do follow up through a formal dispute letter sent through registered post mail.
Always check your monthly credit card bills for any signs of fraud or unauthorized transactions. If you’re a using a reward credit card, see to it that you are really getting the points you earned from your purchases.
Don’t buy from online shops with a questionable reputation. Check the background and history of the merchant. See to it that you are using a secured server and that your personal information will be kept confidential.
More Rewards:
Cash Reward Credit Cards
Airline Reward Credit Cards
Gas Credit Cards Reward
Monday, August 10, 2009
Can Reward Business Credit Cards Make You Rich?
To keep up with the competition, credit card companies offer different reward programs to keep their old clients and attract new card holders. Even business owners can take advantage of the rewards that are exclusively offered for business credit card holders.
If you’re a business owner, you can find a wide variety of reward programs and choose the one that best matches your business spending and needs. The basic reward programs include Frequent Flyer Miles Rewards, Gas Rebates, and Cash Back Rewards. Some small business credit cards even offer more than one type of rewards.
If you’re a business owner, should you apply for a reward business credit card? What are the advantages of using reward credit cards with your business? Can these cards really make you rich?
The Advantages of Business Credit Cards with Rewards
It is true that using business credit cards allow you to get more from your expenses. Since business owners spend more than personal credit card holders, they can collect points at a faster rate and earn much bigger rewards. For this reason, entrepreneurs are encouraged to grab this opportunity and make the most from their business spending.
Business credit cards with rewards are also sponsored by merchants that offer products and services for businesses. Using your card to purchase office supplies and other goods from affiliated merchants give you the chance to enjoy discounts, perks, bonuses and special privileges that are exclusive only for its card holders.
For business owners, using small business credit cards with reward programs are definitely worth considering. Imagine how much you can save from your expenses if you are given at least one point per every dollar you purchased.
The Risks – and How to Avoid Them
Nevertheless, benefitting from reward credit cards depend on how well you manage your account. For instance, reward business credit cards have higher interest rates than credit cards without rewards. If you want to apply for a reward business credit card, paying off your monthly charges in full is a must. This way, you can avoid paying for the interest and penalty fees altogether. If you have to carry over your balances from month to month, you’ll only be spending more than what you originally owe because of the additional interest charges.
Use your business credit card with discretion. You may be tempted to charge purchases on your account just for the purpose of collecting points. However, this habit could prove to be dangerous. Charging unnecessary expenses to your account can easily lead to overspending and uncontrolled debt. To avoid bad debt, make sure that every purchase you charge to your account is important for the business.
Choose a reward business credit card that suits your business. For instance, if your business requires you to travel a lot, then perhaps a Travel Reward credit card would be best for you. Otherwise, it may be more practical to get a cash back business credit card or a gas reward credit card instead. Finally, read the entire Terms and Conditions of your credit card before signing up your application. Understand the rules of the reward program and make sure that your business can benefit from it.
More Rewards:
Cash Reward Credit Cards
Points Rewards Credit Cards
Travel Rewards Credit Cards
If you’re a business owner, you can find a wide variety of reward programs and choose the one that best matches your business spending and needs. The basic reward programs include Frequent Flyer Miles Rewards, Gas Rebates, and Cash Back Rewards. Some small business credit cards even offer more than one type of rewards.
If you’re a business owner, should you apply for a reward business credit card? What are the advantages of using reward credit cards with your business? Can these cards really make you rich?
The Advantages of Business Credit Cards with Rewards
It is true that using business credit cards allow you to get more from your expenses. Since business owners spend more than personal credit card holders, they can collect points at a faster rate and earn much bigger rewards. For this reason, entrepreneurs are encouraged to grab this opportunity and make the most from their business spending.
Business credit cards with rewards are also sponsored by merchants that offer products and services for businesses. Using your card to purchase office supplies and other goods from affiliated merchants give you the chance to enjoy discounts, perks, bonuses and special privileges that are exclusive only for its card holders.
For business owners, using small business credit cards with reward programs are definitely worth considering. Imagine how much you can save from your expenses if you are given at least one point per every dollar you purchased.
The Risks – and How to Avoid Them
Nevertheless, benefitting from reward credit cards depend on how well you manage your account. For instance, reward business credit cards have higher interest rates than credit cards without rewards. If you want to apply for a reward business credit card, paying off your monthly charges in full is a must. This way, you can avoid paying for the interest and penalty fees altogether. If you have to carry over your balances from month to month, you’ll only be spending more than what you originally owe because of the additional interest charges.
Use your business credit card with discretion. You may be tempted to charge purchases on your account just for the purpose of collecting points. However, this habit could prove to be dangerous. Charging unnecessary expenses to your account can easily lead to overspending and uncontrolled debt. To avoid bad debt, make sure that every purchase you charge to your account is important for the business.
Choose a reward business credit card that suits your business. For instance, if your business requires you to travel a lot, then perhaps a Travel Reward credit card would be best for you. Otherwise, it may be more practical to get a cash back business credit card or a gas reward credit card instead. Finally, read the entire Terms and Conditions of your credit card before signing up your application. Understand the rules of the reward program and make sure that your business can benefit from it.
More Rewards:
Cash Reward Credit Cards
Points Rewards Credit Cards
Travel Rewards Credit Cards
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