The Best Cash Back Credit Cards - The Top Cash Back Credit Cards
Everybody loves shopping and each of us needs to purchase a lot of things every now and then. If you want to earn every time you purchase something, you might as well try getting a cash back credit card. Cash back credit cards allows its card holders to earn privileges and rewards from their day to day purchases using the card. These rewards are in the form of cash backs and rebates.
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%.
