Knowledge Base
April
24

Cash Rebate Credit Card

Posted by: Category: Finance

Cash Rebate Credit Card

When shopping for a new credit card in today’s market, it would
behoove price conscious consumers to seriously consider cash
rebate credit card offers With a cash back rebate credit card,
the cardholder is reimbursed for a percentage of their total
year’s credit card purchases The offers vary from 1% to 5% cash
back
To encourage consumers to use their credit cards where they
normally use cash or a money card, financial institutions are
offering the higher rate of 5% cash back when the credit card is
used at grocery stores, drug stores and gas stations The 1%
rebate is offered at other outlets such as discount and
department stores
The cash back rebate credit card isn’t for everyone If you’re
not one to pay off your balance each month, the cash rebate
would be eaten up by finance charges It’s at this time the
consumer should be more concerned with the monthly finance
charge assessed
If someone has large balances on one or more credit cards and
would like to consolidate their payments, the 0% APR
introductory offer with added cash back features may be the way
to go There are some issuers that offer not only the above 1%
and 5% discount, but also an additional $5 cash back for each
balance transfer transaction
Every day we see people in the grocery store using coupons and
club cards to get a discount of up to 30% or more on their
groceries Imagine using a credit card each week and receiving a
check for an additional 5% cash back at the end of the year
This could be a tidy sum
We’ve also seen the prices at the pump rise steadily the past
several months How much do you spend on gasoline a week?
Imagine getting a 5% cash back rebate check for your gasoline
purchases at the end of the year!
Some consumers spend time clipping coupons It’s worth a few
moments of your time to look at the current credit card offers
Cash rebate credit cards can save you money

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