AcharyaCenter.com - Browse eBooks, Audios and Videos

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

0 like 0 dislike
1,522 views
posted in Finance by Sassassin
Getting a credit card that offers cash back always sounds like a good idea.  What could be better than getting cash back on all the purchases that you make with your credit card?  It sounds too good to be true, doesn’t it?   

Well, there are cards that give you free cash, but it is usually only around 1% cash back.  However, free money is free money, right?  Well, sometimes.  

If you like to buy a lot of things in one month, this kind of credit card probably sounds great to you.  However, you need to keep in mind that they are not going to give you cash back on every purchase that you make.  Even if they claim to give you cash back on every purchase, they will only give you up to a certain amount per transaction.  The company also has a strict limit on the amount that they will give back to their customers.  If you read the little, bitty print on the form that you signed, you will see a paragraph with their limits in the terms and agreements.  

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

Research different credit card companies to see what they are offering.  You may be surprised to find a cash back credit card that offers you just what you need and want with a high cash back percentage, few limits on the amount they will give you back, and instant cash deposits when you make each purchase with their card.  

Although these credit cards seem 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 a low credit rating to help them rebuild their credit.  Research all of your options.  

What should your decision be?  If you have a good credit rating, then this card is a great option for you.  Research different card companies – there are cards out there that offer you up to 3% cash back and impose very few limits.  If, however, you have a bad credit rating, you may want to find a credit card that will help you rebuild your credit.

Please log in or register to reply to this post.

Related posts

0 like 0 dislike
0 comments 1,124 views
About Sports Affinity Credit Cards

Affinity cards are a special kind of credit card which are linked into the cardholder's lifestyle in some way, offering benefits ... be showing your support for your team both visibly and financially.

posted in Finance by HairySeahorse
0 like 0 dislike
0 comments 215 views
Accepting Credit Cards Over the Phone

There has been a huge growth in the number of cold calls, and unsolicited offers that people receive on their home and business ... address carefully and make sure that it all appears above board.

posted in Finance by ForceSoldier
0 like 0 dislike
0 comments 227 views
A smart way to manage credit cards

Credit cards are a great way to help you to control your finances. It's true that occasionally we may make poor decisions with our ... a fixed amount due every month will help you plan your budget.

image
posted in Finance by MagicalCyborg
0 like 0 dislike
0 comments 1,573 views
5 Things You Should Know About 0 APR Credit Card Offers

If you have received one of these offers in the mail, you know how tempting they can be. They claim that you will pay no interest ... , but it will not remove the damage already done to your credit.

posted in Finance by PositiveVoid
0 like 0 dislike
0 comments 52 views
Credit Cards With Cash Rebate

Credit cards with cash rebate incentives give you cash rewards each and every time you make a purchase with your credit card. ... will be getting cash back for just about anything you purchase.

posted in Finance by HuggingDuck
0 like 0 dislike
0 comments 180 views
7 Options To Consider When Taking Out A New Credit Card

How many times have you taken out a credit card based purely on its current interest rate or balance transfer option? You may be ... lowest interest rate as it may cost more in the longer term.

image
posted in Finance by BunBunny
0 like 0 dislike
0 comments 177 views
10 Tips To Improve Your Credit Score

These days most of us avail loans to buy a house, set up a business, or buy a car. Many students take loans to further ... plan you income-expenditure , and avoid spending what you have not earned.

image
posted in Finance by Celestiger
0 like 0 dislike
0 comments 445 views
A Credit Repair Agency – What Can It Do For You?

A credit repair agency advertises that it can help you repair bad credit so that you will qualify for that loan you need to buy ... Do you really need a commercial credit repair agency? Probably not.

posted in Finance by FrighteningTwinkles
0 like 0 dislike
0 comments 278 views
3 Ways To Get Approved For A Business Credit Card

If you run your own business--whether it's a retail store, direct sales, hobby shop or freelance consulting--chances are you ... Internet search or check the websites of major credit card companies.

image
posted in Finance by Tomatoad
0 like 0 dislike
0 comments 263 views
5 Easy and Quick Ways to Improve your Credit Score

Your Credit Score is one of your biggest financial assets. If your credit score is high, your borrowing rates will be low and ... help inform you of ways to increase your credit score when needed.

image
posted in Finance by DreamBaby
0 like 0 dislike
0 comments 1,463 views
3 Things To Look For In A Credit Repair Company Online

If it's been a while since you've looked at your credit report, you may be surprised to find errors, mistakes, or even a ... against the company, so you can avoid scammers and rip-off artists.

image
posted in Finance by Monkeyno
0 like 0 dislike
0 comments 205 views
5 Ways To Instantly Increase Your Credit Card Limit

A lot of credit card holders aspire for a higher credit card limit. But: credit card holders need to remember that to get a ... will determine whether you'll get a higher credit card limit or not.

image
posted in Finance by ShowDolphin
0 like 0 dislike
0 comments 235 views
A Guide To Credit Card Debt

When talking about credit card debt, the effects of debt depend upon such factors as the sources of loan funds, the purpose for ... loans, this will tend to encourage the purchase of their securities.

image
posted in Finance by UncleRhino
0 like 0 dislike
1 Comment 259 views
How to improve my credit ratings?

How to improve my credit ratings?

posted in Finance by Titank
0 like 0 dislike
1 Comment 329 views
How To Avoid Credit And Charge Card Fraud?

How To Avoid Credit And Charge Card Fraud?

image
posted in Finance by BeautifulWolf
0 like 0 dislike
0 comments 166 views
Credit Card Management Philosophy - eBook

Save Thousands Of Dollars And Manage Your Money Better With These Credit Card Tricks. Are you curious what the most common ... their boss, economic system or anyone or anything beside themselves.

posted in Money by List
0 like 0 dislike
0 comments 15,457 views
Notice of Approval of New Credit Account Letter

Dear Your account with [name of firm] has been approved for credit. We would like to inform you that your account number is ... looking forward to your orders and to the opportunity of serving you.

posted in Business Templates by List
0 like 0 dislike
0 comments 14,714 views
New Business Announcement for Use with Credit Application

Gentlemen: It is our pleasure to inform you that the [name of new business] is now open for business. Our firm is located at ... you would like to have one of our representatives come to your office.

posted in Business Templates by List
0 like 0 dislike
0 comments 13,753 views
Letter of Credit (Irrevocable)

Letter of Credit (Irrevocable) __________________[Bank] _______________[Address] ____________[City,State] __________________[Date] Irrevocable ... they shall be honored on presentation. Yours truly,

posted in Business Templates by List
0 like 0 dislike
0 comments 13,713 views
Letter of Credit (General )

Letter of Credit (General ) [date line] LETTER OF CREDIT (GENERAL) [name of bank] [address] [city, state, zip ... in pursuance of the above credit. ________________________ [SIGNATURE OF GUARANTOR]

posted in Business Templates by List
0 like 0 dislike
0 comments 11,627 views
Fifth Overdue Payment Reminder, Notice of Credit Hold

Fifth Overdue Payment Reminder, Notice of Credit Hold Dear It is because we do not want you to experience unnecessary ... us your payment today. Thank you for your anticipated cooperation.

posted in Business Templates by List
0 like 0 dislike
0 comments 10,114 views
Disclosure Statement, Fair Credit Reporting Act Form

DISCLOSURE [name of credit reporting agency] is a "consumer reporting agency" and, under the Fair Credit Reporting Act, must report information ... in your file, by mail, upon your request of same.

posted in Business Templates by List
0 like 0 dislike
0 comments 8,883 views
Credit Extension to Past Due Preferred Customer

Dear Our credit department has notified me that your account is past due. You are one of our preferred customers and therefore we ... your kind consideration, and we look forward to seeing you soon.

posted in Business Templates by List
0 like 0 dislike
0 comments 8,830 views
Credit Dept Report to Collections on Past Due Account

COLLECTION REPORT Date: _ Account Name _ Street _ City _ State _ Account Status: Current $_ 30 Days $_ ... plan _ Stop credit and enforce collection ______________________________ Credit Department

posted in Business Templates by List
0 like 0 dislike
0 comments 8,545 views
Corrections to Derogatory Credit Report

Gentlemen: Pursuant to your request as to a clarification on the apparent derogatory findings in your review of my credit history, ... Please feel free to include this correspondence if you so choose.

posted in Business Templates by List
0 like 0 dislike
0 comments 8,213 views
Consumer Credit Application

CONSUMER CREDIT APPLICATION Name _ Date _ Address _ City _ State _ Zip _ How long at address _ ... the nature and scope of this investigation. __________________________________________ Applicant

posted in Business Templates by List
0 like 0 dislike
0 comments 8,166 views
Consumer Credit Application Form

CONSUMER CREDIT APPLICATION Name ___________________________________________Date_______________ ... . ________________________________ Applicant

posted in Business Templates by List
0 like 0 dislike
0 comments 6,754 views
Company Credit Account Denial for Unfavorable Report

Dear Thank you for your recent application for credit with our firm. We regret to inform you that we cannot extend credit terms to you at ... questions or if I can be of assistance to you in any way.

posted in Business Templates by List
0 like 0 dislike
0 comments 6,700 views
Company Credit Account Denial Letter

Dear We have reviewed your application for open account terms, and at this time are unable to open an account for your company. ... dealings with our company, please contact me at the above office.

posted in Business Templates by List
0 like 0 dislike
0 comments 6,647 views
Company Credit Account Approval Letter

Dear We have reviewed your application for credit, and it is our pleasure to inform you that an account has been opened for your ... available, in order that we might have quick access to your file.

posted in Business Templates by List
0 like 0 dislike
0 comments 5,977 views
Christmas Credit Extension Announcement

Dear Wouldn't it be nice to be able to buy all of your gifts this holiday season without having to worry about paying for them ... come up to the fourth floor for a complimentary glass of eggnog.

posted in Business Templates by List
0 like 0 dislike
0 comments 5,692 views
Change Account Credit Limit Raise Notification

Dear After careful review of your charge account, it pleases us to inform you that we have increased your credit limit as follows: OLD ... look forward to being able to assist you in the near future.

posted in Business Templates by List
0 like 0 dislike
0 comments 5,414 views
BUSINESS CREDIT APPLICATION FORM

BUSINESS CREDIT APPLICATION Business Name _ Date _ Address _ City _ State _ Zip _ Owner/Manager _ Tel.No. _ ... privileges, if granted, may be withdrawn at any time. _________________________________

posted in Business Templates by List
0 like 0 dislike
0 comments 5,360 views
BUSINESS CREDIT APPLICATION FORM

BUSINESS CREDIT APPLICATION Business Name__________________________________Date______________ ... any time. _______________________________

posted in Business Templates by List
0 like 0 dislike
0 comments 5,131 views
CREDIT AUTHORIZATION FORM

AUTHORIZATION TO:__________________________ Re: Loan #______________or Savings Account ... Date:_______________________ _______________________ By__________________________ By_______________________

posted in Business Templates by List
0 like 0 dislike
0 comments 55 views
Vacation And Credit Cards

Each and every year, many of us go on vacations. Vacations are a great way to relax, and get away from the everyday pressure ... website - you'll normally receive a response in a matter of minutes.

posted in Finance by Cybora
0 like 0 dislike
0 comments 78 views
The Cost Of Credit Cards

Although some choose to rush into getting a credit card, they normally do so without being aware of the costs. A lot of credit cards ... of the costs - and how to prevent them from happening to you.

posted in Finance by Prepatriarch
0 like 0 dislike
0 comments 84 views
Student Credit Cards

In today's world, having a credit card is a luxury. Credit cards are a great convenience, meaning that you don't need to ... establish credit - which will take them farther wherever they go in life.

posted in Finance by VirtualAssassin
0 like 0 dislike
0 comments 78 views
Small Business Credit Cards

In today's economy, small businesses play an important role. These days, it is easier than it ever has been to start a new ... it, your small business credit cards will more than pay for themselves.

posted in Finance by TwinNut
0 like 0 dislike
0 comments 93 views
Credit Cards For High School Students

Students in high school that are looking to start building their credit early can get high school student credit cards. These credits ... all options available to you and compare what you find out.

posted in Finance by Madept
0 like 0 dislike
0 comments 81 views
Credit Cards And Credit Reports

Over the years, credit cards have become very popular. When they were first introduced, they were popular, although these days millions ... - you'll enjoy the benefit of a positive credit report.

posted in Finance by Camella
0 like 0 dislike
0 comments 80 views
Credit Card Reward Cards

No matter where you look, there is always a credit card company that is offering reward programs with their credit cards. New ... fine print and compare what each unique company has to offer you.

posted in Finance by Hawkward
0 like 0 dislike
0 comments 72 views
Comparing Credit Cards

All across the United States, there are hundreds and hundreds of banks and credit card companies looking for your business. This day and age ... online - you'll save yourself a lot of time and money.

posted in Finance by PlushSeal
0 like 0 dislike
0 comments 91 views
Bank Secured Credit Cards

Even though there are many types of credit cards out there for consumers, there are few for those with bad credit. Those who ... knowing that you are taking the right steps in rebuilding your credit.

posted in Finance by CheeryGrin
0 like 0 dislike
0 comments 549 views
7 Tips To Help Reduce Your Debt

As debt continues to increase in many households across America, more families each year are finding themselves looking for ways to reduce ... how to better manage your money, and stick to a budget.

image
posted in Finance by GiftedWrecker
0 like 0 dislike
0 comments 171 views
Bottled Water - Good Or Bad?

Water, water everywhere but not a drop to drink. You feel you have heard it before, recollecting those horror scenes showing ... without any end. For more info visit www.purebottledwateronline.info

posted in Food by Sassassin
0 like 0 dislike
0 comments 1,558 views
0 like 0 dislike
0 comments 2,676 views
0 like 0 dislike
0 comments 2,035 views
0 like 0 dislike
0 comments 1,659 views

Share Tips and Guides

Add text, links, images, videos and documents

Submit Post

Connect with us:
...