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Learning About Cash Back Credit Cards: Good or Bad Ideas?


Getting a credit card that offers money back always sounds like a good idea. What can be better than getting money back from all the purchases you made with your credit card? That sounds too good to be true, right?

Well, there is a card that gives you free cash, but usually only about 1% of the money back. However, free money is free money, right? Sometimes yes

If you like buying a lot of stuff in a month, this kind of credit card might sound good to you. However, you must remember that they will not give you money back on every purchase you make. Even if they claim to give you money back on every purchase, they will only give you a certain amount per transaction. Companies also have strict limits on the amount they will give back to their customers. If you read a little, print small on the form that you signed, you will see paragraphs with limitations in terms and conditions.

This is another way to try to attract new customers for these companies. This is a credit card that is good to have and sounds great in theory, but they must check your credit rating before they give you their card.

Research various credit card companies to see what they offer. You might be surprised to find a cash back credit card that offers what you need and want with a high cash back percentage, some limits on the amount they will give back, and an instant cash deposit when you make each purchase with their card.

Although this credit card seems like a great thing to have, some companies will need your credit rating to be great too. However, there are credit card companies that offer these cards to people with low credit ratings to help them rebuild their credit. Research all your choices.

What should be your decision? If you have a good credit rating, this card is a good choice for you. Research different card companies – there are cards out there that offer you up to 3% money back and give very little limits. However, if you have a bad credit rating, you might want to find a credit card that will help you rebuild your credit.