EBATES = Cash Back !

Credit card cash rebates offer the maximum flexibility and if flexibility of your card is high on your list of priorities then you should focus your attention on cards that offer the highest cash rebate percentage.

It is easy to fall into a pattern of thinking that makes us assume that doing all of our spending on a credit card with cash back features is highly beneficial to us. This is true up to a point, up until the time before the economy started its downswing, credit cards offered as much as 5% cash rebates on amounts spent. Many companies have reduced their percentage to 3% and some to even lower than that.

Irrespective of the state of the economy, for the consumer rebates continue to remain the highlight of using it. However, card companies are hiking interest rates to increases falling revenues and the consumers have to bear a heavier load.

When you carry a balance on your card, no amount of credit card cash rebates is going to help you. The interest rates continue to spiral upward on unpaid balances, so any rebates you may earn will be swallowed up.

How do cash rebates from credit cards work? Depending on the polices the card operates on, you will get as much as 6 percent rebate on “everyday purchases” which include supermarket shopping, gas stations and drugstores. There will be cash rebates applicable on other purchases like clothing stores, furniture and other stores; these rebates are usually a much lower percentage, maybe 1.5-2% at best.

Every card will have its own terms for availing the rebate. This is usually determined as a ceiling or limit that you have to reach on your spending in order to avail of the rebate. For example, when the card specifies the spending limit as $7500 annually, it means you have to spend that amount (or more) each year to avail of the cash back rebate.

Cash Back Savings – Join Free

Making money when you spend money. Sounds a little to good to be true – doesn’t it? But you see these commercials advertising this all the time. So what’s the deal? Do these cards really work and are you the only one who is being left out or do they just not exist? Keep reading to find out what and best cash-back credit cards are and if they really do work.

First of all, these cards do exist. What the credit card companies don’t bother to tell you is that these cards are not what you need to be carrying if you don’t pay off your card each month. The cash-back rewards really do exist, but the monthly APR is high. In other words, if you don’t pay off your balance each month, the interest they are going to charge you is going to use up your “cash-back” reward. These cards are good if you pay off your balance regularly. If you don’t pay off your balance each month, it would be better for you to use a card with the lowest APR.

Here are four of the top cash-back credit cards:

American Express

12.49% – 18.49% APR 5% cash back at grocery stores, gas stations, and drugstores (after you’ve spent $6,500 within a year – if you spend less, the rate is 1% and 0.5% 1.5% cash back on all other purchases 0% APR on new purchases for up to 12 months Offers a fixed 2.99% on balances transferred for 12 months 3% transfer fee
Capital One

9.9% – 16.9% APR 2% cash-back on gas and groceries % on all purchases 0% APR for up to 12 months No limits on cash-back rewards Rewards never expire $29 annual fee charged to people with lower credit scores
Chase Visa

9.99% – 18.99% APR 3% for every dollar you spend on gas, groceries, and fast food for the six months 1% for all other purchases $50 credit after first purchase 0% APR for up to 12 months 3% rewards are limited to $600 in purchases per month (after you reach $600, you earn 1%)
Discover

10.99% – 18.99% APR 5% cash back in various categories on up to $400 of quarterly purchases 0.25% on other purchases up to $1,500 in yearly spending 0.5% from $1,500 to $3,000 on new purchases for six months 1% after $3,000 on new purchases for six months 0% balance transfers for up to 12 months 3% transfer fee

Now that you know if a cash-back credit card is right for you and which credit card company offers the best ones, get started finding the exact card. Each of these companies has several cards that fit the above mentioned benefits. Be sure you compare each card they offer so you can get these deals.

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