Cash Rebate Credit Cards
Want your credit card company to pay you? A cash rebate credit card may be just what you're looking for!
There are many advantages to a cash rebate credit card. The first is quite simply that you get cash back, of course.
Cash rebate credit cards tend to have lower interest rates than other forms of rewards cards. While many rewards cards have rates over 17%, I have seen cash rebate cards with rates as low as 10.99% - quite a savings, and you get cash back too!
Obviously, if you carry a balance, the cash back is going to save you a little, but not that much compared to the interest. If you choose a cash rebate credit card, you need to make sure that the deal you get on it is close enough to what you would get from a card that did not offer the cash rebate. If the difference is too great, it is simply not worth it.
As with any credit card, you need to understand what it will cost you. This means you look at the interest rate first. Lower is of course generally better, but you need to consider what you are getting from the credit card as well. You should also be aware of what will happen to your APR should you make a late payment. No matter how low it was to start, it is not uncommon for it to shoot up to an obscene 31.49% if your credit card company finds out you paid any bill late, even if your payment to them was on time.
Cash rebates are not always that simple to compare. It depends on how you plan on using the credit card. You might get a better rebate from buying groceries than other products, for example.
Most do not have an annual fee, but read the terms and conditions carefully to be certain of this. There will be fees for such things as late payments, balance transfers, cash advances and foreign transfers.
Learn More About Cash Rebate Credit Cards
What Are the Most Important Things to Know About Cash Rewards Credit Cards? - Think before you apply. The right rewards card will give you more cash back than the wrong one.
Watching Your Cash Rewards Credit Cards - Deciding if your spending habits make a cash rewards card worthwhile.