The Latest Credit Cards Tips

Tips on evaluating cash back credit cards

Posted in: Credit Cards

Tips on evaluating cash back credit cards

What to look for in a cash back credit card

A cash back credit card is a type of reward credit card that allows cardholders to earn cash rewards or rebates for purchases made with the credit card.

But not all cash back credit cards are created equal. In fact, most cash back cards differ greatly in many respects. Before applying for a specific cash back credit card, take a few minutes to read over the terms and conditions of the offer.

How is cash back earned?

Look for certain features that may make the card more desirable:

  • Does the credit card offer incremental cash back percentages? Some cash back credit cards don’t give the highest cash back until a certain amount of purchases have been made. Other cards lower the percentage of cash back given after a certain dollar amount of purchases is reached.
  • Is there a yearly cap on the amount of cash back that you can earn in a year? Some, but not all, cash back credit cards have a yearly cap on earnings.
  • Are there certain places where you can earn a larger cash back percentage on purchases (i.e. grocery stores or gas stations)? Knowing this can put extra cash back in your pocket with little effort.

In what form is the cash back redeemed?

Some cash back cards offer multiple options as far as the exact form of your rewards. Others do not offer many options.

  • Are you able to get actual cash in the form a check made out to you?
  • Will the cash back show up on your statement as a credit?
  • Do you have to redeem the cash back in the form of gift cards?

How is cash back redeemed?

Some cards require you to request your cash back, while other cards have automatic systems.

  • Do you have to request your cash back reward?
  • Are your cash back rewards automatically sent to you once a certain amount is reach or a certain amount of time has passed?

Compare cash back credit cards now

Comment on this Tip

Tips by Category



Consumers putting their money in different places now

Credit Card News

Consumers putting their money in different places now

A recent report from credit giant TransUnion took a look at where people are now putting their money and had some interesting findings. Read more

Credit Card FAQs

Credit Card Calculators

Balance Transfer Calculator
Balance Transfer Calculator

Calculate the best distribution of your credit card debt. Determine which balance transfers will produce the greatest savings.

you are here ›› hometipscredit cards
Personal Finance Tips - Credit Cards