card guide
Cash Back Credit Cards - Compare The Best Cashback Offers
There are a number of rewards based credit cards on the market these days, and one of these is the cash back credit card.

With cash back credit cards cardholders can earn themselves cash back on any purchases that are made with the card, so every time they spend money on the card they earn a percentage of the amount spent back.

There are a number of cash back credit cards available on the market, and the amount of cash back offered on purchases made with these cards can vary from one card issuer to another.

Generally the amount of cash back that is offered on these credit cards is not particularly high in terms of percentage – most cards will offer around 0.5 percent cash back for each pound spent on the card, although some cards offer higher levels of cash back. It is worth comparing a range of cash back credit cards in order to find one that offers a good cash back percentage, as the higher the cash back level the more you can earn when you spend on the card.

If you are interested in using a cash back credit card it is worth remembering that the cash back is only offered on purchases made on the card and not on cash transactions made on the card. As with all credit cards the interest and fees charged on cash transactions can be very high, and therefore these types of transactions are best avoided as they will be of no benefit in terms of earning cash back.

Although cash back credit cards can be used by most people with a decent credit rating, they are most beneficial to those that tend to repay their balance in full at the end of each month.

By repaying your balance in full you will not get charged any interest on the card, yet you will still be able to earn cash back on your credit card purchases, which means that you are gaining maximum benefit from the card. Those that do not tend to repay their balance in full each month may be far better off looking for a credit card that offers a low interest rate or a 0% interest on purchases period rather than cash back.

You can compare a range of cash back credit cards quickly and easily online, and this will enable you to find a card that suits you and offers the highest levels of cash back on purchases. You can also make your application online, and can often enjoy an instant decision in principle.

Related credit card articles:
More Information:

Posted on: [ July 01, 2018 ]       Add to   Digg it   Add to Blinklist   Add to FUrl   StumbleUpon