How to get the Best Cash Back Credit Cards

Money rebate credit cards give you cash rewards each and every time you make a purchase with your credit card. There are many types of rewards credit cards on the market but cash back credit cards are the most popular. Why? At the end of the day, you want to get a shock in the mail or on your costs, and that’s exactly what you get with cash rebate cards.

It is not to say that store discounts and airline benefits are not popular.
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In fact , airline credit cards are running a close second in order to cash rebate cards for smaller businesses. But if you are a heavy credit card user, cash rebate credit cards will give you a lot of money in return. I personally know a pay-per-click marketer who uses Advanta’s online marketer’s card to get 5% cash back on his advertising costs. In fact , he’s three different cash back cards to maximize his rebates. Isn’t it wise to cut your costs by 3-5%?

Most cash back cards come with increased rates and fees, so do be cautious before applying for a cash rebate credit card. But if you can afford to pay your balances in full and on period, then cash back rewards can be great for you and your business.

The percentage associated with cash back will vary, but it will be among 1%, with 5% depending on the type of your purchase. For every purchase you make using your cash rebate credit card, you’ll get a small amount of money back. Using your credit card on a frequent basis will give you lots of cash back at the end of the year. Make sure you read the fine print before planning your dream vacation with your own rebates. Most credit card companies limit how much you can earn back and some drop the rebate percentage to 1% or less after your first couple of thousands of spending.

So here is what you should know before applying for a cash rebate credit card:

* Monthly Expenditures: How much money do you plan on putting on your credit card? Occasionally it’s better to choose a different rewards credit card, depending on your monthly balance.

* Cash Back %: you need to know exactly how much you will be getting from a cash back credit card before applying. A cash back charge card that pays you 1% on your own fees may not be the best option.

* Cash return Limits: do yourself a favor plus read the terms and conditions before applying. Most credit cards impose limits on the amount of money you can earn back with their cards. There are two types of limits:

Balance Limit: with this type of limit, you can’t make more than a certain amount, let’s say $500. So you can put $1m on your credit card yet all you’ll be getting back is $250.
Balance Threshold Limit: this type of restrict is becoming more popular with credit card companies as increasing numbers of people forget to read the terms and conditions. A person apply for a card and you think you will be getting back 5% on all your being approved purchases, right? Wrong! Since you did not read the terms and conditions and the tiny “font 13 lines carefully, you missed the fact that you will be getting 5% cash back for your first $1000. After that, possibly looking at 1-2% cash back which is considerably lower. The $1000 is your balance threshold. If you pass it, you may less rewards.
* Fees: don’t forget to check out the APR and other Miscellaneous fees. Cash back cards are likely to have higher fees, so don’t plan to park balances on these cards.

* Form of Payment: you may also want to discover the form of rebate you will be obtaining at the end of each month. Some companies may literally send you checks while others will provide you with statement credit. I personally prefer the credit score as it’s less of a trouble. Either way, it’s good to know the way you will be getting your money back.

Always seek information before applying for a card. It is possible to earn a decent amount of money back if you go with multiple cash back cards, however, you need to make sure you choose the right ones.