Shopping For A Cash Back Credit Card
by: FINDcashbackcards.com

If you have never used a cash back credit card before you may not realize it, but they are not all created equal, in fact there are some big differences from card to card.  Before you sign up for a card with one company you will want to shop around and ensure that you are getting the right deal for you.  You could ask friends and family members which cards they use, and you may find this helpful, but everyone will likely give you a different answer because the needs of each borrower are so different.  Cash back credit cards definitely are not one size fits all, so spend some time researching your options before picking one to stick with.

When you start shopping for cash back cards they may all look the same to you, but when you look closer you’ll realize this isn’t true.  The first thing that you will want to look at is to see what the interest rate is.  Many people want to look at what the rebate amounts are, but the interest rate is important.  You could be offered a great rebate rate that all but sells you on the card but when you look at the interest rate you realize why they offer such a great rebate rate.  You want an affordable interest rate because while you are getting cash back you are also paying interest on every purchase that you make.  In addition to the interest fee you will also want to check out what the annual fee is, if there is one.  An annual fee may offset the savings even more, so it is important to consider.

You should also look at what the credit limits are.  Some cards will allow you to have limits as high as $10,000 and others will allow you to have limits as low as $100. Of course, your credit will likely be the deciding factor as to what your final spending limit is, but it is good to know what ranges each of the companies deals with if possible.  If it is not stated than you can assume that the credit card company is willing to offer spending limits large and small.

Last but not least, you want to look at what the rebate offer is.  If everything else looks good you can choose the best rebate offer that you can find.  Many people find that when the interest rate is reasonable and the annual fee is reasonable that the rebate rate is smaller, such as one or two percent.  This may be a bit disappointing, but you should consider the fact that you are still saving on each purchase and while it isn’t five percent, it is better than nothing!  You simply need to do the math and determine if you can save more with a lower interest rate and lower rebate rate or a high interest rate and higher rebate rate.  One usually matches the other, so this is something that you need to determine based on your needs and all of the other details associated with the card.