Learn more about cashback credit cards: good or bad idea?
Learn more about
cashback credit cards: good or bad idea?
Getting cash from a credit card is always a good idea. What's
better than getting cash back on every purchase you make with your credit card?
Sounds too good to be true, right?
Well, there are cards that give free money but
usually only give about 1% cash back. However, free money is free money, right?
Also, sometimes.
If you like to buy a lot of things in a month,
this credit card may be right for you. However, you should remember that they
will not refund you every time you make a purchase. Even though they claim to
refund you on every purchase, they will only refund you a certain amount per
transaction. The company also imposes a strict limit on the amount it will
return to its customers. If you read the fine print on the form you signed, you
will see a paragraph with restrictions on the terms and agreement.
This is another way to try to attract new
customers to these companies. It's a good credit card and sounds good in
theory, but they will need to check your credit score before giving you, their
card.
Research different credit card companies to see
what they offer. You might be surprised to find a cash back credit card that
gives you exactly what you need and want with a high cash back rate, some
limits on how much you'll get back, and a cash deposit instantly when you make
each purchase with their card.
While these credit cards may seem like a great
deal, some companies will also require your credit score to be excellent.
However, some credit card companies offer these cards to people with low credit
scores to help them rebuild their credit. Research all your options.
What should your decision be? If you have a good
credit score, this card is a great choice for you. Research different card
companies: There are cards that give you up to 3% cash back and have very few
limits. However, if you have a poor credit score, you may want to find a credit
card that helps you rebuild your credit.
