Are all credit cards created equal? Not at all!
Welcome to MoneyBackCreditCard.org! In this web site you will find many best money back credit card choices. Depending on your situation, we will present several possibilities for cash back credit cards or cash rebate credit cards that should suit most people. However, cash back and refund credit cards are not for everyone!
Who should look into getting a money back credit card?
You really need to assess your attitude towards cash back. Answer just this simple question: Is you getting a money back credit card going to increase your overall purchases or not? If not, the card is for you. If you are going to go deeper in debt just to collect the credit card money reward, then definitely a money back card is not recommended for you.
Answering accurately just a couple of questions will help. Look back at your past spending and consider all the future spending that you have planned. First, could a lot of your regular monthly expenses go through your money back MasterCard or money back Visa? Second, can you keep a promise that getting a money back card will not increase your spending?
Bottom line, in order for money back credit card to work for you, you best belong into the category of people whose finances are reasonably under control. That does not necessary mean that you need to be out of debt, but it does mean that you have a stable financial situation each month. It means that you do not foresee any major expenses in the near future that you are not financially prepared to carry through.
Who should look for some other type of credit card?
Seriously, cash back cards come with some of the higher interest rates among the credit cards. So if you occasionally make your payments of your credit cards late, or if you plan to carry a balance on the card, then the added large late fees and higher interest on the card balance will eat up all the cashback you have received by purchasing items. It is just not worth it to get a cash back credit card for you if you are unable to commit to paying your bill up every month, in full, an on time. You would be better off with a cash back debit card instead.
Which money back credit card do we recommend?
Congratulations! When you are reading this far, you must have decided that cash back, cash rebate, or money back credit card is suitable for your lifestyle! You know how to organize yourself enough to meet the credit card company's requirements for regular payments in full each month. You will be able to take full advantage of money back credit cards then!
Here's what you can do next: You can go and check out a selection of credit cards with cashback. You can also compare money back cards with credit cards that come with a variety of rewards. To jump straight to our recommended money back cards, check out the Chase Freedom Credit Card and the American Express Blue Credit Card.