Mark Carolin

Archive for the ‘Cashback Rewards Cards’ Category

Most of the credit card companies have come up with cash back as well as reward point schemes. You can avail huge discounts with the help of cash back and reward point cards. There is a facility for you to donate these reward points to charity organizations. Some cards also offer the facility to transfer the cash back to your savings account as an investment. But above all you should be careful and watch out the interest levied on these cash back cards. The interest charged on these cash back cards are heavy compared to the interest on other ordinary cards.

Cash back credit cards do not have many restrictions as other reward cards have. You normally get a discount of one percent to two percent on your credit purchases. The cash back rewards come in different forms like discounts on gas purchases or other furniture purchases. Here you have to worry about accumulating a given number of reward points in order to make use of these discounts. Most of these cards do not have annual fees charged unlike the reward cards where the annual fees gets adjusted with the discount you earn. You are able to get back a percentage of what you had spent for the purchases made. You have various methods of getting back this offer. You could get back the cash by means of statement of credit or you could ask for a check or you could ask them to directly deposit the amount into your savings account.

Cash back companies help you to make use of the discount amount in any of its retailers. There is no limit to the amount of discount that you can earn since the more you purchase the more discounts you get. There are some companies who even offer up to five percent discount on purchases made.

Reward points will have to be accumulated for a certain limit and once you are eligible you can gain a lot of rewards right from airfares to merchandise and other great offers. You will be able to get more rewards than the normal cash back. The only drawback here is that it has a lot of restrictions. There are definite periods before which the reward points have to be collected. Also these cards come with annual fees. So whatever reward points or discount that you earn almost gets adjusted with the annual fees. There are also restrictions on the stores that offer these rewards. Some discounts are given in such a way that you can redeem it only at the same store or chain of stores.

Looking at both these type of discounts, you will find that cash back discounts are more beneficial than the reward points offered by the credit card companies. With the cash back cards you have the facility to spend the cash discount immediately as against the reward points which need to be accumulated and only after reaching a target can be redeemed as rewards.

Many customers got a poor experience with frequent flyer miles programs in the past when they found that it is very hard to redeem the miles and the whole effort is not worth the benefits. Credit card companies noted the grumble and promptly shifted to other incentives.

If you haven’t taken a moment to scout new credit card offers, the time has arrived. Credit card companies are battling for the largest client base, and as a result, consumers are on the receiving end of very attractive benefits. One of the most popular types of cards on the market today is the cash back reward card. Although the logistics change depending on the financial institution, the result is the same: get cash back on every purchase!

Below are the top four cash back rewards cards; check out the benefits and choose the one that’s right for you. I’ve chosen these particular offers because of the size of the rewards and because of low interest rates.

Chase Cash Plus Rewards Visa Card

This is one of my favorite cards because Chase doesn’t bog down the customer with a laundry list of rules and regulations. With some available cards, you have to follow very specific guidelines in order to receive rewards. With the Cash Plus Rewards Visa, all you have to do is use the card, and you’ll get cash back.

Every time you use the card at a grocery store, gas station or drug store, you receive 5% cash back. When you use it for other purchases, you get 1% cash back. Then, when you build up a balance, you can either request a check from Chase Bank, or you can request a gift certificate for merchants such as Best Buy, Macy’s and Home Depot.

There’s no annual fee for the Cash Plus Rewards Visa card, and new customers receive a 0% introductory APR for up to twelve months on both balance transfers and purchases.

HSBC Cash Back Rewards MasterCard

I recommend this card for anyone who enjoys security protection and fair, competitive rewards. With the HSBC Cash Back MasterCard, you receive 1% cash back on all purchases, with no spending requirements. They offer a 0% introductory APR for the first twelve months. There is no annual fee, and you’ll receive Zero Liability in the event that your card is stolen or used without authorization.

With the Chase card, you received 5% back on some purchases, which is not true of the HSBC card. However, this card comes with unlimited purchase protection, extended warranties, and travel accident insurance.

Citi Dividend Platinum Select Credit Card

This is a card for anyone who wants cash back rewards, but who plans on paying the card off every month. Customers receive 5% cash back on purchases at grocery stores, drug stores and gas stations, and 1% back for all other purchases. Citi offers a 0% APR on balance transfers for the first twelve months, but the regular APR is higher than the other cards being compared here. The cash back rewards are good, but this is not the card on which to carry a balance.

Citi offers the highest in security protection with a Photocard option and a fraud early warning block. They also provide Lost Wallet Protection, which means that if your card is lost or stolen, they will replace it within 24 hours.

Blue Cash from American Express

This is the perfect card for anyone who wants to share the benefits with a family member. Blue Cash offers up to 5% back on all purchases – the most at drug stores, grocery stores, gas stations and home improvement stores – and you receive the same cash back rewards with additional cards. That means that if your spouse, parent or child has a copy of the card, you earn cash back with their purchases as well.

Blue Cash offers a 0% introductory APR for the first six months, with a low regular APR afterwards. There is no annual fee, and no spending requirement to start receiving cash back. You might also want to check out American Express’ Smart Chip service with ID Keeper. This web tool allows you to store personal log-in and password information for the web so that you don’t have to input your information every time you log on.

Cash back reward cards are an excellent way to get your feet wet in the credit card world. Try some of these on for size, and see what they have to offer. If you’re going to be buying things anyway, you might as well reap additional benefits!

Copyright Ed Vegliante. Free online reprints of this article are allowed provided the resource box remains intact with a live link back to http://www.credit-card-surplus.com .

There are different types of reward credit cards available for shopping. These rewards come in the form of points, cash back, shopping rewards or travel rewards. Cash back rewards are the bonuses that you receive while doing shopping with your reward credit cards. The company has provided a feature, the more you use the reward cards the more benefits you will be receiving.

When you go shopping with reward cards you have to decide on whether you want the rewards in the form of points or cash back. If you go in for reward points, then you have to keep track of the points that you accumulate. You can exchange these points for airline tickets, show tickets and so on. Some people find it difficult to keep track of the points.

You need to be very careful with these types of points. Sometimes when you go in for redeeming your points it would have become outdated. There are always restrictions attached to the reward points. You have to keep track of the deadline or the last date for redemption of your reward points. Once it crosses the deadline, the points will become zero and you have to start from scratch to gain or accumulate your points. There could also be some redemption fees attached to the reward points. So you should be aware of all these points when making use of reward cards.

Cash back is another form of reward that is offered while shopping with these cards. Many people prefer the cash back rewards compared to the reward points as here you don’t need to keep track of your points. The cash back amount automatically gets credited into your savings account.

There are different types of reward cards. Special cards are available for students. Students can greatly benefit making use of the cards. But they should make sure that they make their payments in full within the stipulated time. Otherwise the service charges and the late fees will eat up the reward points earned. There are gas reward cards. Some particular reward cards can be used only with these particular purchases only. For example if you have a gas reward card then it will be more beneficial to use these reward cards only for purchase in the gas stations. The company also benefit by offering these cards in the sense that they are able to hold their customers. In this way their regular customers come back to make their purchases and thus increase their business.

You should always make sure that your reward cards do not have annual fees. If it does then whatever you earn as reward points will be cancelled with the annual fees. So it will not be of any benefit to you. Also you should keep an eye on the expiry date attached to these reward cards. It is very much important that you go through the rules and regulations before you go in for these cash back reward cards for shopping purpose.

This is the beauty of Discover card CashBack Bonus program. You get cash rewards with every purchase! Through your Discover Business card you receive a Bonus of 5% on office supplies, 2% on gas and 1% on other purchases. You earn 1% on other purchases when your total annual purchases exceed $5000. This includes $2000 purchase each on office supplies and gas. On other purchases less than $5000 you earn 0.25%.

The Discover Card is offering the card members a range of value added perks and privileges in the true spirit of their well known tagline “It Pays to Discover”. The new range of rewards includes the Cashback Bonus Award program, the new card Discover 2GO(SM), redefined merchant connections as well as promotional offers and sponsorship opportunities. All these will be activated through various marketing initiatives which are being implemented at present.

The Cashback Bonus award is the reward program in the forefront. As Discover Card rewards its participating members they will be able to collect Cashback Bonus award points on every purchase they make. The newly redesigned program offers the card holders additional options in using their awards. Redeeming the award is possible at any time as soon as the accrued amount reaches $20 or more. The increment for redeeming is $20. If the card member builds up the award over a period of time they also have the option of doubling their award with affiliated merchants such as Borders Books & Music, Blockbuster and The Sharper Image.

The new innovative Discover 2GO(SM) Card is a very convenient and user friendly way to access the card member’s Discover Card account. This is the first time a credit card company has introduced this type of a unique and consumer friendly card. The compact Discover 2GO(SM) card fits into a protective case that can be attached to a belt, key chain or a money clip with ease. The card member will never forget it or lose it and will have it with him all the time allowing easy access to the Discover Card account.

The Discover Card has evolved over time to include a wide cross section of merchants with whom they have built up steady relationships through the Cashback Bonus award program. Many popular magazines feature the merchants who are participating in the program allowing the card members to double their Cashback Bonus awards. The number of merchants who are joining the program is on the increase adding to the value of the Discover 2GO(SM) card.

All these unique and innovative offers which are exclusively reserved for the card members are possible mainly due to the fact that Discover Card is a proprietary card. They are always looking for ways to enhance the shopping experience with the card and keep adding to its value by joining with other like minded merchants across the nation.

As you can see becoming a card holding member with a Discover Card at your command can be a very rewarding experience. It is even more convenient to be able to use the card at many other shopping outlets that will actually double your cash back rewards. It is Discover Cards way of rewarding card holders even further that makes this possible. So, go out and become a card holder today and reap the benefits that will automatically flow to you through all the innovative programs offered by the Discover Card and enjoy the most rewarding experience.