Cash Back Credit Card - Why Cash Back?
Cash Back Credit Card - Why Cash Back?
Many Americans are concerned with growing credit card balances and are looking for credit cards with low interest rates and low balance transfers. By keeping their interest rates low it only makes sense that their overall balances will get paid down much quicker.
But what if you don’t carry a balance on your credit card and you just use it for monthly transactions and then pay if off in full each month. In this case a good cash back credit card is the way to go. A good cash back card will give you money back on your monthly transactions for items you purchase everyday.
You have options with different cash back credit cards. One is the Discover Gas Card and the Discover More Credit Cards. These can give up to 5% cash back but have restrictions that you need to learn about before signing up. The advantage to the Discovercard is that it has a 0% interest rate on purchases and balance transfers for up to a year along with cash back with restrictions.
Another good cash back credit card is the Blue Cash credit card from American Express. A cash back card like this can pay off nicely with the 5% cash back kicking in full after charges of $6500 for the year. All purchases for grocery store, drug store and gas purchases will get 5% cash back and 1.5% on all other purchases with unlimited rewards. This can add up to a nice size check if added up over a years time.
Another option is the Capital One® No Hassle Cash(SM) Rewards card from CapitalOne. This card has unlimited cash rewards and offers a number of benefits including extended warranties, travel accident insurance and 24 hour road side assistance. There are also no balance transfer fees and up to a 40% saving on shopping done through CapitalOne savings zone on Yahoo Shopping.
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