More about Cash Rewards Credit Cards…
There's nothing better than free money! Companies offering cash back credit cards offer you a rebate consisting of a percentage of the amount you charge on their card. The more you use the card, the more cash you get back. This is a win-win situation: you get a little bonus and the credit card company gets increased usage.
The amount of cash back you could receive can vary from .25 percent to five percent. With a full five percent rebate, $6,000 in spending could earn you $300 in rewards. However, offers vary widely even within the same company and there are always terms and conditions that apply. It can be difficult to figure out just which offer ends up being the best for you.
In addition to the cash back rewards, there are many elements to take into consideration. Does the card charge an annual fee? What interest rate applies? Does the cash back offer cover all purchases, or only purchases at specific venues? Do you have to accrue a certain minimum before you'll get anything back? You can easily review the answers to some of these questions and more on CreditSoup.com and on each credit card’s terms and conditions.