Cash Back Credit Cards



 

Cash Back Credit Card Strategies
Posted by SUp.biz, CEO on October 20, 2008 at 6:00pm

I love credit cards. Especially cash back credit cards. Why? Credit card companies want the chance to earn interest off of you, and compete to provide the best rewards. And it’s been widely written that cash back credit cards give you the most value. I will show you how to use credit cards to your advantage in 3 easy steps.

Step #1: Choose the Right Cards

Credit card companies are constantly competing and your rewards may depend on your credit, so go to an online comparison website such as CreditCards.com (http://www.creditcards.com/cash-back.php) or CreditCardGuide.com (http://www.creditcardguide.com/cashback.html) to investigate your current options. Mark a date on your calendar to do an annual reevaluation.



Look for the following:

-Maximum % of cash back from the beginning (is it .25% until you spend $1500, then 1% thereafter?)

-No annual fees

-No cap on the annual cash back

-High enough monthly limit

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Discover Gas Cash Back - This is the way to earn some money back on the high gas prices. This cash back credit card gives you 5% back on all purchases made at the tank.

American Express Blue Cash - One of the best cash back cards out there with up to 5% cash back, unlimited cash back rewards, no annual fee, 0.00% introductory APR for up to 12 months and the flexibility to pay over time.  You receive your cash back reward once a year.
Capital One No Hassle Cash Rewards - They allow you to get your cash back when you want it, set up automatic redemptions so you won't have to remember to ask for your cash, don’t limit the amount of cash you can earn, don’t impose minimums required to redeem your cash, and the ash back has no expiration.
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