Practical and Helpful Tips: Finances

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Apr 15, 2018 // By:admin // No Comment

Features Of The Best Cash Back Credit Card

Who doesn’t want to allure of free money at this time and age? The most unfortunate thing is that over 31 percent of people out there are entitled to some free money from credit card cash back, but they do not claim it after all. It could be a matter of misinformation or simply ignoring the mere fact that they are entitled to free money. No doubt you are not the only person who seems confused on cashback credit card options out there in the industry today. A sure bet of finding the right card would be to do a thorough online credit card comparison. This credit card comparison process plays an integral role when it comes to the major factors to consider that will guarantee the best cashback credit card for your needs. Before you hit the internet comparing card after card, it needs no mentioning you must claim your rewards for you to actually get them. So first things first, you must consider the rewards rate. This is where you take into consideration the top rate of the credit card in line with your spending limit.

Are there any annual fees for the credit card you are thinking of signing up for? Again, you want to do a thorough credit card comparison research to ensure you understand whether or not your cash reward card charges some annual fees. This is where you get to find out whether or not the card you are considering charges an annual fee and whether your rewards can go into offsetting the annual fee. You might want to look elsewhere in case your credit card cannot be used to cover credit card annual fees.

This credit card comparison guide will not be exhaustive if we do not explore the flexibility that comes with your cashback credit cards when it comes to redemption and all the possible redemption options at your disposal. Some cashback credit cards will for example put a limit on the amount of money that can earn you a reward, say $20 or $50. On the flip side of the coin you will find some cards that allow redemption of rewards without any conditions that need to be met. It is in such a case scenario where you look at your needs for the card based on how you want to redeem your rewards say in form of a gift card, a statement credit or even a check. Well, this may not be too much of an issue for many people, so you do not want to base your decision solely on the sign up process; especially because a sign-up bonus is a one-off deal. If you get a credit card that satisfies the above criteria, it certainly is the best choice for you.

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