How To Maximize Your Cash Back Credit Card

How To Maximize Your Cash Back Credit Card

by Tom Tessin

If you're into credit cards and rewards, sometimes the best reward to get back is simply cash back itself. What most people realize is how you can benefit and get the most cash back without having to worry about overusing your credit card. I'm going to write an outline on how you can reward the most from your purchases.
Let's put everything on your card

Everyone has their monthly bills that they have to pay. From your mortgage to your car payment, let's try and put as much as we can on the credit card. If you don't know how to pay bills such as your mortgage off with your credit card, simply request checks that are pulled from your credit card account. This will still help you with your cash back rewards and will act like a credit card purchase.

We need to make a bank account for the card

Sometimes people find themselves overlooking how much they put on their card. Since, your bills usually don't change from month to month, set up a bank account that is designed for your bills only. If your monthly bills are say, two thousand dollars, you'll want to keep that much money in your account so that you can pay off your bill in full. Remember, if you can't pay your bill off in full, you won't get the most for your rewards. Instead, you're going to have a hefty interest rate applied to your unpaid balance and this can get dangerous sometimes.

Be disciplined

This one kind of rubs off the last point and you need to make sure that you remember this word every time you make your purchases. If you're going to make purchases outside of your bills, you're going to have to make sure you have enough money to pay off these purchases. The best way to keep track of these purchases is by saving the receipts and keeping them in a folder along with your bills. This way, when the bill comes, you won't be surprised with how much is on your card. Another great way to check on how much is on your balance is by logging onto your online account. Your online account is usually up to date and will show you your exact balance.

In my opinion a cash back credit card is one the best cards on the market. Let's say you get five percent back on your purchases and you have three thousand dollars in bills each month, that's one hundred and fifty dollars. If we multiply that number by twelve months, you'll have eighteen hundred dollars. This amount is almost enough to pay off one month's worth of bills. Remember, you're getting all of this by using a credit card. You're not paying any extra money; you're just using a credit card. This should show you exactly how being disciplined pays off. If this plan sounds too good to be true, it isn't! It just takes a little discipline and motivation, and you'll be getting the most cash back in no time.

Why You Should Get A Cash Back Credit Card

Why You Should Get A Cash Back Credit Card

by Tom Tessin

Whether you have one credit card or you have a hundred, if you're not getting cash back on your credit card, you better start re-thinking on how you use your credit card. Credit cards offer an array of rewards. From gasoline rewards to airline travel rewards, they seem to offer them all. In my opinion though, the best reward around is cash back.

Picture a cash back credit card like getting a sale price or a rebate on everything you buy. Every time you purchase something, you get a certain percentage back, almost like a rebate when you send it in after a purchase. This is how a cash back credit card would work. Depending on the credit card company, you're going to get a rebate in either the form of a check or a statement credit. Depending on what you want, you're going to have to do the research to decide on which credit card will work for you.

Cash back credit cards have so many plus sides, I tend to believe they outweigh the negatives. The best form of a reward is cash seeing it can be used on everything and if you get five percent back, that's five cent on the dollar. Just imagine how fast this will add up over time. You're going to get all of these rewards just for making purchases.

When people try to think of negatives when it comes to credit cards that offer cash back, it's really hard to actually find them. Most of these cards offer a low APR rate, they usually offer an introductory zero percent offer, and are generally like most credit cards on the market, if not better because of the cash back status. So, if you're looking for a negative side to this, you're probably out of luck because a lot of people can't point things out.

Now I will point out that some cash back credit cards do offer a limit which you have to look out for. This limit will usually be stated in the terms and conditions. A limit means that you can only get so much cash back. Once again, this will all depend on the credit card company itself. I'll put the limit in an example. Let's say that a company only allows you to get five hundred dollars cash back per year. This is going to be the maximum amount you can get back. You'll still be able to use the card but it won't have any rewards. Your best bet is to find a card that has no limit on the cash you can get back.

When you finally find that perfect cash back card, you're going to be on the road to getting a ton of rewards. There's no better reward than cash itself. The next time you're looking for a reward credit card or you're looking for a credit card that fits your needs, I would highly recommend a cash back credit card.