Cash Rebate Credit Cards: An incentive to shop!

Cash reward credit cards - Getting paid to spend
If you’re in two minds of whether to buy that expensive dress or not, don’t worry because cash rebate credit cards actually pay you to spend. You can purchase items at grocery stores, drugstores, restaurants, travel and vacations and in return these credit cards give you cash back. It’s almost like an impetus to spend!

Rebate percentage and who is it best for?
The rebate percentage offered is different depending on the credit card company. However, in general, the rate ranges from 0.5% to even 2%. Also, the rebate percentage applies to a certain range of purchases made. For example, there are slots such as 0 to 2000 dollars, 2000 to 4000, 4000 to 6000 and so on.

Credit cards that offer a rebate provide a great way to shop and earn too. However, this only helps if you have been regular at paying off your outstanding balances. Every month, all accumulated balances need to be paid off in full. Else the entire scheme fails. Instead you might end up accumulating even more debt.

Qualifying for cash rebate credit cards
Usually credit card companies offer cash rebate to people who have a good credit history and always pay on time. Also if credit history of a person is weak, then chances are the default interest rate will be very high. Nevertheless, it is best to go for a card with a 0% APR. That way, at least purchases are not subject to interest rates.

Types of cash back credit cards
There are several types of cash back credit cards:

The ones that accumulate reward points
Frequent flyer miles
Subsidies on petrol and gas

Cash back vs. Cash rebate credit card
Nevertheless, please keep in mind that a cash back credit card is different from a cash rebate credit card. In case you’re wondering, a cash back credit card is one which can either accumulate reward points for shopping, frequent flyer miles or even subsidies on gasoline etc. However a cash rebate credit card is one which only gives you cash back. Therefore it is different from a cash back card.

Automatic cash rebate credit card
Sometimes you may need to ask for the cash rebate from the credit card and in some cases, the company automatically credits the amount to your account. However this depends on the policy of the credit card company.

Tracking it online
Cash rebate credit cards come with a handy feature – of being able to track cash accumulated online. This makes it easy to know how much you’ve spent and how much you’ve earned as a result.

Paying your bills gets so much easier with an online facility. No more rushing to the bank! If needed, you may entrust a person to manage your account apart from any additional cards you may have got. Any theft of the card needs to be reported to the credit card company immediately. Soon after, the card will be blocked by the bank to prevent any further usage. Most credit card companies have a fraud detection system in place – lets say your card account is encountering unusually high purchases. The bank might suspect fraudulent transactions. Therefore they will typically contact you to confirm if you have performed these transactions or not.

Therefore, safety features are always built in to these credit cards thus enabling customers to shop hassle-free and smoothly.

Use it responsibly
A cash rebate credit card can often tempt a person into spending more. After all, that’s what credit card companies want – you to spend more. Therefore, while using cash rebate credit cards, be sure to exercise caution and use them judiciously.

ADDITIONAL CASH REBATE CREDIT CARD RES0URCES

CREDIT CARD TYPES

Choosing the credit card that's best for your needs and situation starts with knowing what options are available to you. The following list details the most common credit cards available:

	Balance transfer credit cards - Balance transfers are a way of transferring outstanding balances from existing credit cards to another card that offers a lower interest rate. For example, if you your have a high annual percentage rate (APR) credit card with a significant outstanding balance, you can transfer the balance to another card with a lower rate or even one offer zero interest. Typically these cards offer low balance transfer rates for a specified period of time allowing you to save hundreds (or even thousands) of dollars in monthly interest charges.
	Low-interest credit cards - These cards offer a low introductory annual percentage rate (APR) for a promotional period, after which they can change to a higher rate or a fixed-rate. If you plan on making a large purchase, it's a good idea to pick up a low-interest credit card to take advantage of the savings on interest during the introductory period.
	Cash rebate credit cards - Cash rebate cards accumulate "points" for1 every purchase you make using the card. Most cash reward cards award a point based off 1% of the purchase total, excluding interest and finance charges. For example, if you make a purchase for $1,000 the credit card will award you with 10 points (or, $10.00). These cards are great for loyal customers who make payments on-time every month.
	Reward credit cards - Reward credit cards are similar to cash rebate credit cards, but differ in that they offer various forms of "rewards" for the purchases you make. For example, you can accumulate rewards for frequent-flyer-miles, free magazine subscriptions, and even hotel and travel discounts. Ideal for those who enjoy getting something for free from their credit cards.
	Travel credit cards - Travel credit cards are ideal for the frequent flyer who travels the globe on a frequent basis. These cards accumulate significant reward points every time you make a travel-related purchase. You can gain discounted airline tickets, rent cards for free, and even get discounted hotel rates!
	Pre-paid credit cards - Pre-paid credit cards are ideal for those who are on a tight budget and don't want to fall prey to the financial pitfalls associated with standard credit cards. They work similar to gift certificates or debit cards. You deposit money into the card and then use the card to make purchases as you would a typical credit card.
	Secured credit cards - Secured credit cards are ideal for people with poor or no credit. They work on a collateral system, where you put up something of value against the debt on the card.