Cash Back Credit Cards – Finding the Most Suitable Offer
Cash back credit cards is the latest trend in the market. It is the most convenient and quickest way of spending your money. It comes with Concept #2, a certain amount of reward points are made on every purchase. But with so many cash-back credit cards out in the market, it is difficult to figure out which one is best. This ranking is based on a few factors, which are discussed in the following article.
Cash back percentages
Usually, 3% is considered the maximum and a reward point most people opt for. However, if you do not look around and compare all the quotes and offers, sometimes you may find that 5% or even 8% cash back is more suitable. Then, there is an old and proven fact that ½ a point is equivalent to one dollar. So, in order to get the most money back, opt for the biggest amount of coupons. If a cashback credit card offers 5% cash back and 80$ cash back on a single purchase, you have a better chance of earning more with this card than the average cashback credit card, which offers 3% towards every transaction.
Cash back offers
Most credit cards will offer various types of rewards. This is done under the name of a cashback offer. Some cards will offer cash back as a balance transfer and others as an advance through credit. Finance companies offer an advance that will give you huge cash. If you have a cash-back credit card, you will not only get back your money, but whatever purchases you make with the card, you will get back the cash advance amount.
Consider these few tips when you are picking out your cashback offer credit card. But remember to apply and give enough time to the credit card issuer. Hire the consultant services or market research team before you sign the deal. Remember that a move in the opposite direction can also have an advantage, as long as you know the advantage.
Query, ING, Emigrant, Citibank, and Discover, sounds like a long list of financial institutions, doesn’t it? Yes, it’s true they are big, and their names are all prominent. But I guarantee you would find a card suitable for you if you would do a little research. I like to hear the companies’ names first, and then see what they are offering. You can do the same, look at multiple credit cards, and after you settle down on something, compare it with what other companies are offering. If you are dealing with a bank, you have a higher chance of getting a bigger cashback reward. This is because the bank will always offer attractive deals and then try to outdo each other on a competitive basis.
Consider the cards that offer the highest cashback reward. This could be made up by a simple application, where you get a 15$ or 20$ rebate on your first purchase. The rebates can be tempting. They are usually targeted at those people who will make the most payments. Cardholders must know that the advantages are totally in their favor if a credit card company offers a 5% cash back on the first $1,000 spent on the card. It is better to get it for $1,000 because there is a large incentive behind it. Whatever card you choose, a lot of work should be done to find lucrative deals; you should never take a spur-of-the-moment decision. Careful deliberation and well-researched decisions are the best way to get the best rewards card.
