Heard about cash back credit cards? Sounds too good to be true, doesn't it? It's hard to even imagine getting money back for all the things you buy with your credit card. It really sounds unbelievable, doesn't it? But there are lots of credit card companies out there that offer this sort of deal. You can say that getting about 1% of the money from your purchases back isn't much. However, it's free money, isn't it? But here is the catch.
If you are one of the heavy credit card users and you make a lot of purchases in a month, this probably sounds like a wonderful deal. The catch is that they don't give you cash back on everything you buy. They may say they give you a certain percentage cash back on everything you buy, but there may be a limit to how much you can get for each purchase.
Most companies have lots of rules and regulations concerning how much they will give you back. So you have to read all the fine print very carefully. Offers like these are often just ploys to try to get new customers. your credit rating must be in order to take advantage of such offers. Since no company wants to give away free money, they will check your credit history carefully before giving you a card like this.
It's always a good idea to shop around a little before you pick a credit card. There is a wide variety of different credit cards out there, and you might find just the right one that suits your buying needs. You could find great deals that gives you back a high percentage of cash back with few rules and limits. Chances are, the better the deal is, the more carefully they will scrutinize your credit history. There are some credit card companies that offer good deals to customers who are looking to repair their credit rating and rebuild good credit. Look into everything and don't forget your individual tastes and buying habits.
Your decision of accepting a deal like this should be based on your own habits and needs. Like most things in life, there is no one-size-fits-all credit card. There are companies that offer cards with up to 3% back! Always keep in mind though; deals that seem too good to be true most often are. Still, a credit card with cash back may not be the one for you. You may want one that will help you rebuild your credit rating, if that is necessary. Keep all this in mind and read the fine print carefully when choosing a credit card.
Hugh Thorpe is a web publisher who likes to provide readers with Loan and credit Info . Check out Loans for more great financial info.