Cash Back Credit Card - Save As You Spend
by: Bradley Carson
To help you make the most of your credit card spending, the major credit card companies have available cash back credit card offers. This can be one piece of plastic in your wallet that pays you each time you use your card.
Like any reward credit card, the means by which you receive your cash back varies. You can receive your rebate in the form of a check, a gift card to a specific retail partner, a credit to your statement, and some issuers even make a deposit into an FDIC insured account opened in your name. By comparing the current offers available and reading the fine print, you can choose the way you save that extra cash.
Some offers require you to request your rebate, while others automatically issue your credit when a set amount of bonus points have been accumulated. If you receive your rebate in the form of a credit to your account, this is normally done automatically on a monthly basis. There are some cards which issue one rebate check at the end of each year.
There are cash back credit cards that offer non expiring bonus points and the accumulation is unlimited. Some cards have a yearly savings limit of $300. If there is an expiration date on the bonus points be sure to keep track of them. It could be heartbreaking to loose your savings because you needed to request your bonus points but they expired.
The cards that offer a 5% rebate, are generally referring to purchases or gift cards at partner retailers. The 1% cash back offers are normally for all other purchases with the card. So if it’s cash in hand you desire, a straight 1% cash back credit card may be what you want.
A recent gem of a cash back credit card is the Discover Platinum Card. As an added bonus to their cash back program, they offer double your bonus points when you redeem them for gift points with one of their many brand name partners. You can turn $20 in bonus points into $40. The Discover Student Tropical Beach Card has this same feature and unlimited cash rewards that never expire.
Just like when using coupons, with a little planning and choosing the right card, a cash back credit card can help you to save as you spend.
About The Author:
Bradley Carson is the webmaster and editor of http://cards-king.com, where he shares his financial expertise and gives concise credit card information. See Brad’s current recommendations of Cash Back Credit Card Offers at http://www.cards-king.com/categories/cash_rebate_credit_cards
August 2006
Disclaimer: The information presented and opinions expressed in these articles are those of the authors and do not necessarily represent the views of BIZBUD.com and/or its partners.
Unless otherwise stated, the contents of this site are
Copyright © 2006 BIZBUD.com - All rights reserved.
Articles are copyright materials of their respective authors.
|
