Cash Back credit cards give cash rewards to cardholders for making purchases with the card. A cardholder accumulates cash rewards based on the dollar amount of his/her purchases with that particular credit card over a period of time.

A typical cash back rate hovers around 1%. However, some cards offer a higher cash back percentage with increased usage and some offer a higher cash back percentage on select products or at select merchants or locations.

It is important to keep in mind that many cash back credit cards offer cash back rewards on new purchases made with the credit card but do not offer cash back rewards on balance transfers or cash advances made with the card. Be aware of this.

Each cash back credit card is a bit different, so be sure to read the terms and conditions to find out what cash back percentage you can expect, whether there is a limit on how much can be accumulated in a year, etc. Be sure to thoroughly look over the terms and conditions for each specific credit card offer.

· Compare cash back credit cards now and apply online if you find a credit card that fits your specific needs.

Posted in Credit Cards, Personal Finance

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This entry was posted on Monday, February 19th, 2007 at 5:39 pm and is filed under Credit Cards, Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.