Discover More Card (formerly Discover Platinum)

Through this card, you can get a full 5% Cash back Bonus in various categories. These categories changes four times every year. These may include travel, clothes, home needs, gas, restaurants, movie passes and more. In addition, you can also earn a 1% Cash back on all the other purchases using this card. This card’s introductory offer is also quite tempting. It has an introductory APR at Zero percent for the first six month. After this period, the APR will have a variable rate- it can be as low as 10.99% or as much as 18.99%. The Discover More Card also has a zero percent balance transfer rate for the first year of use. There are also no annual fees.

HSBC Platinum MasterCard® with Cash Back Rewards

Using this card, you can earn the full 1% cash back for all of your purchases, regardless of what you bought. What’s most alluring about this card is the fact that you will have a Zero APR for the entire introductory period of 12 months. After the introductory period, your APR will then have a variable rate which can be as high as 17.99% or as low as 8.99%. This rate is considerably lower than the rate of other cash back credit cards. For the first 12 billing cycles, this card also has a Zero balance transfer rate. There are also no annual fees.

Chase Freedom Credit Card

This card has a cash back offer of 3% on all the purchases that fall under the three categories that you purchase most often every month. For example, if you spend a lot on gas, grocery items, and food purchases in restaurants, you will earn 3% cash back on all your purchases within these categories. In addition to that, you will also earn a cash back rate of 1% on all your other purchases. Another good thing, there is $50 cash back on your very first purchase using the card.

However, there are no introductory APR packages so your rate will stay at 14.99% all throughout the period of your card usage. The balance transfer rate is also the same rate as that of the APR. Cardholders will not be charged with any annual fees.

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The task of getting a cash rebate credit card is quite simple. There are many credit card companies all over the world. If you are among the financially stable and employed individual, you might have received a lot of credit card offers via courier, e-mail, or through phone calls. Because of the different offers you get every now and then, you might get confused as to what cash back credit card is the best for you. Below are some of the main factors that you need to consider before getting a cash back credit card

The reward percentage

This is probably the most important factor that you should consider when getting a cash back credit card. The reward percentage refers to the number of points or cash rebate that you will get when you purchase things using the card. The rate will vary depending on the classification of your purchases. Some cards offer a 5% cash rebate on everyday expenses such as grocery items, gas expenses, and apparel. As for the other purchases, most cash rebate credit cards will give you 1% cash back.

The bonus rewards

Aside from the points and rebates, many cash back credit cards offer “double rewards”. These double rewards can be gained through purchases made during a specific introductory period or purchases made with certain shops and stores. In choosing your card, you should consider the extra points that you can potentially earn, along with the length of the introductory period.

The fees

Aside from the rewards that you can get by the purchases that you make using the card, you should also consider the fees that you will have to pay. The most important fee that you should keep in mind is the APR. The average APR for cash back credit cars is 14.99%. However, some cards may offer APRs that are as low as 8.99% or as high as 18.99%.

Such will vary depending on your credit rating and your credit card company. Aside from the APR, some other fees that you should consider are the balance transfer fees and the annual fees. Most credit cards, however, no longer charge annual fees.

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There are many cash back credit cards offered in the market these days. With the many credit card offers that one can get online, the problem with credit cards often starts in choosing which among the many cash back offers should one avail of.

At first glance, it may seem that cash rebate credit cards are all the same. However, if you pay more attention to the rates and the reward rules and regulations, you can find differences that may prove a card’s competitive advantage over another. The important factors that you ought to consider are the APR, the balance transfer rate, the introductory period with the initial APR offer, and the annual fees.

In the early days of the cash rebate credit cards, the cash back offers are only 1% of your total purchases. However, credit card companies today, offer a much higher rate of 5% in rebates.

Included in the list of top cash back credit cards in the market are the Citibank Dividend Rewards MasterCard® and the Blue Cash® Card from American Express®. These cards have achieved utmost popularity primarily because of their 5% cash back bonus offer on important day to day purchases such as drug store items, grocery items, and gasoline expenses. In addition to that, you will also get a 1% cash rebate on your other purchases using the card.

Aside from the percentage of the cash rebate however, the aspiring cardholder should also consider other factors such as the purchase classifications. Keep in mind that in most cash rebate credit cards, your cash rebate percentage will vary according to the type of purchase that you make.

You should also consider the specific shops and stores that are affiliated with your credit card company. The card will be entirely pointless if you are not a frequent shopper from the affiliated stores and shops and gas stations. The best credit card for you will be the one which allows you to earn rewards from the stores that you frequently shop from.

Also, the best cash back credit cards are those that have an introductory APR of zero percentage. The longer the introductory period, the better the credit card is. However, you should also check the APR after the introductory period. The average APR should be around 14.99%.

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• Travel mileages
• Fuel rebates
• Gift certificates
• Partner stores discounts
• Loyalty points
• Cash rebates

Credit cards that have this kind of promo are usually called Reward Credit Cards or Cash Back Credit Cards. However, although their offers seem to be tempting, it is still important that you analyze carefully whether the offer can save you money or simply encourage you to splurge if you take the bait.

What is the APR?

Whenever you get offers like this, one important question should cross your mind: Is it worth it? To answer this, it is important that you look at the interest rate that would be applied to your “rewarded” credit card and compare it to the rate given to those “non-rewarded” types.

Although there are numerous cards that offer some kind of loyalty bonus or reward, by simple comparison you will notice that the lowest interest rate that these types have would be around 15% APR. Basic or regular cards usually have 7-8% APR. Hence, cash back rewards credit cards charge you 7-8% more than the basic type!

In fact, if you compare the reward type with low-interest cards, the difference would even be greater. Not to mention that there are credit cards that have introductory 0% rate that is good for one year. By doing some APR comparison you will know whether a certain cash back credit card is a good deal or not.

How do you Pay Your Card?

It is important to determine what type of a credit card payer are you? This can also help in deciding if you can really benefit with cash back rewards credit cards.

If you’re a regular card user that pays part of your dues every month and not in full, it would definitely be logical if you go for lower-interest non-reward card. You could just buy things that you really need and avoid wasting money paying for higher interest rates just for unnecessary rewards.

On the other hand, if you’re the type who constantly pays off your whole balance even before the due date, and generally does not want pay any interest, then the rewards that you’d get by paying on time would come as a good reason to get a cash back reward card.

So, if you think you have the discipline to pay your credit card company each month fully and in advanced, then you would really do well with a rewarded credit card. However, if you think you do not have this urge, then it is recommended that you just get a low-interest card.

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