If you’re a disciplined credit card user, one of the best credit cards you can get on the market is a cash back credit card, hands down.  With a cash back credit card, it’s almost like you’re getting a sale every time you swipe your card.  Most cards range anywhere from 1% cash back to as much as 20%.  It will all depend who you go with when you apply.

How do you know what kind of card works for you?
It’s not that hard at all when you think about it.  All you’ll want to do is ask yourself a few questions and study your spending habits.  Once you do this, you’ll be able to pick out the perfect card for yourself.  I want you to ask yourself the following questions and see how you answer them.  By the end of the survey, you’ll probably know what card will best suit your needs.

Does the percentage matter?  When I say this, does it matter how much you get back?  Do you want 5% back or 1% back?  It sounds like a silly question but some cards will only give you a certain amount back on particular purchases.

Do you want an easy to use card?  Sometimes the more complicated cards have the best rewards but some cards are straight forward and you’ll know what you’ll get.  So, do you want a card that says you’ll only get 5% back if you spend $500 in 60 days at a gas station or 1% cash back regardless of what you do? 

Where do you spend your money?  Where do you usually spend the most money?  Do you spend it on gas a lot, the grocery store, a little bit of both?  Look at your monthly budget and see where you use your credit card.  You’ll find that some cards allow you to get bonuses on particular purchases like gasoline.

Are you loyal?  Do you like a particular company?  Do you want to stick with a certain company?  If so, I’m sure the bank you like has the card that you’ll need.  If loyalty is a factor, then finding a card shouldn’t be hard at all!

How do you want your cash back?  Cash back cards may be called that but don’t be alarmed when you find a card that gives you “points back”  It works the same way because in the end, you’ll get enough points for gift cards, etc.  It all spends the same.  If you want cash back, look for a card that does just that but if you want rewards like points, see how their system works.

By answering these questions alone, it should give you a better idea on what cards you want.  Make sure you look at each card that are on the market (there are a lot of them!)  It’s a lot easier to go in when you know what you want.  As long as you pay your cards off in full, you can really take advantage!


Related posts:

  1. Truth About Cash Back Credit Cards
  2. How to Redeem Cash Back Points
  3. Redeeming Cash Back Points
  4. Comparing Rewards Credit Cards
  5. Credit Card Purchases Earn Cash Back Rewards