Cash Back Credit Card Offers

A cash back credit card lets you earn cash back rewards. Usually cash back rewards are around 1% to 2% percent but sometimes credit card issuers offer more as a promotion or in rotating categories. Cash back can usually be redeemed starting with any amount. You can redeem for a credit statement to your account, an electronic deposit to your bank account, or to pay for your purchases with cash back.

The general percentage rate for cash back credit cards is 1% cash bash. The cards with 2% cash back are not that common but they do exist. Sometimes credit card issuers offer more cash back in particular shopping categories or in categories that rotate throughout the year. So the amount of cash back you can earn depends on your shopping habits. Also, low monthly payments are a must on a rewards credit card. Ideally, you will want a credit card with no annual fee. Paying off the card balance each month will help you keep all cash back rewards you earn.

Of course the best cash back credit card is the one that gives you most cash back on your purchases. But you shouldn’t consider only the amount of cash back rewards when you choose a credit card. Look at the cash back program terms to see if there are caps or rotating categories. Caps may limit the cash back you can potentially earn and rotating categories often require additional sign-ups. Then look at the fees and interest rates. Although it is recommended to pay off the card balance each month on rewards credit cards, you may sometimes be late or miss a payment. In this case, interest rate may eat your rewards. So make sure the cash back rewards will cover card expenses.