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Casual Articles - The Pros and Cons of Cashback Credit Cards
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The amount paid back is calculated as a percentage of your total spending. Percentages vary, but typically range from 0.5% to 2%. Some card issuers pay higher rates of up to 5% for purchases in some categories (e.g. gas or groceries) or made through certain retailers.
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The amount paid back is calculated as a percentage of your total spending. Percentages vary, but typically range from 0.5% to 2%. Some card issuers pay higher rates of up to 5% for purchases in some categories (e.g. gas or groceries) or made through certain retailers.
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The amount paid back is calculated as a percentage of your total spending. Percentages vary, but typically range from 0.5% to 2%. Some card issuers pay higher rates of up to 5% for purchases in some categories (e.g. gas or groceries) or made through certain retailers.
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The big advantage of cashback credit cards is thus obvious: You can make a small saving on every item you buy. This might not seem much at the time, but in most cases all these rebates are added together and returned to you in a single annual payment. If you spend, say, $20,000 a year on your cashback credit card, you could collect up to $1,000 a year in rebates - a handy sum in anyone's language!
There is a potential pitfall to watch out for with cashback cards, though. In mos
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