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Cash Back Credit Cards

What does cash back on credit cards mean?

Cash back credit cards pay back a certain percentage of the money you spend on your credit card purchases. The rate is between 1 and 2 percent for purchases. Some credit card providers offer 5% cash back at different places each quarter.

Why do credit cards providers offer cash back?

Cash back is essentially a rebate of a percentage of the purchases you make on the card. The providers offer cash back to attract the consumer. Card issuers can afford to pay cash back because merchants pay an interchange fee on each transaction.

Whats better cash back or points?

Both cash back and points have advantages. Cash back is flexible and easy to redeem. Points or miles provide the possibility of a paid-for vacation and a higher reward value per dollar spent. Of late, some cards let you redeem rewards for cash or travel at the same amount.

When cash back cards are a good idea?

If you always pay off your credit card balance in full, then cash back credit cards are a good choice. If you tend to carry balances on your credit card, while you'll earn cash back on your spending, this will usually be less than the interest charged on your outstanding balance.

Cash back credit cards will help you to gain back some percentage of your money which you spent on purchasing some items or certain products as the bank mentions in product agreement. Some banks and companies are providing these cards in the United States of America. If you are seeking a cash back card, you can see our list below. You can also apply for those cards through clicking apply buttons on our pages.

There is also detailed information on those cards, comparisons, details about the annual fees, foreign transaction fees, etc. You can find information on cash advance fees, interest rates (APR), rewards points about those credit card products in the listing below.