Cash back credit cards are a fantastic way for you to make some cash, while spending on your credit card, though it does only suit the customers who pay their bill in full at the end of each month.
A cash back credit card will give you the chance to earn as you spend, as a percentage is returned to you on an annual basis for every pound that you have spent. This is usually set at between 0.5% and 2% depending on how generous the credit card lender is and as I have said already and will say again, I cant stress enough at being able to pay off your credit card statement in full each month, is the only way that a cash back credit card will work for you.
If you are a borrower then cash back credit cards will only cost you, even though you will be earning a little back, you will find that this will be eaten up and more by the interest charges, which are usually on a higher scale of APR.
By not incurring the interest payments, then every pound that you spend on the card will see a little winging its way back to you and if you do pay your credit card bill off in full and never have worries about doing so, then why not switch to a cash back credit card, if you dont...
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