If you are not a frequent flyer or interested in gift certificates to stores you rarely visit, then cash may be much more appealing to you. A cash back credit card can get some of the money you spend right back into your wallet.
Sounds rather funny that a credit card company would offer you cash back on purchases that you make. In fact, some offers are rather hilarious. But picking the best cash back credit cards can be sticky business. But knowing what to look out for can leave you running to the bank with extra cash in hand.
Read Between The Lines
Let’s take a look at examples of what cash back credit card companies often offer:
Card one: “Earn a full 1% cash back on purchases at your local gas station.” Card two: “Earn up to 1% cash back on purchases at your local gas station.”
These two cash back credit cards see to offer the same, but look at them again closely. Earning “a full 1%” sounds almost the same as “up to 1%.” Consider this illustration… if you spend $1000 at your favorite store, you will earn $10 back from card one. If you do the same with card two, your cash back...