Cash Back Credit Cards
Today's crowded credit card market has provided a large choice of cashback cards for the consumer to choose from.
Looking for a CASH BACK CREDIT CARD? In recent years cashback has become more and more popular.
Quite simply for any amount
you spend the credit card company will give you back a percentage of the
total. If you are the type of person that pays off their monthly totals
in full each month then this is the type of card you should be looking
for. Generally higher cash back rates will go hand in hand with higher APR's
so be sure of how you will be managing your use of the credit card
before choosing a card right for you. It was to address the changing way
we use our cards that companies such as Accucard came along into the
market place. They were the originators of the idea of letting the user
adjust the configuration of the card so by setting a higher APR you
increase the amount of cash back you receive. If you are paying off the
balance monthly you wont be affected by the level of APR since you will
have no balance to pay interest on. To give you a chance to view the
various companies now offering cash back we have provide a selection
below.
| American Express: |
5% cash back on
all purchases subject to conditions for the 1st 3 months. |
| BARCLAYCARD PLATINUM CASHBACK |
4% cashback on all spend (up to £15 cashback per month) until 30th September 2008
0.5% cashback (up to £15 cashback per month) until 1st January 2010 Typical 16.9% APR (variable) |
| CAPITAL ONE MASTERCARD |
Earn 4% Cashback on purchases until
1st September 2008 1% Cashback on purchases thereafter on the first £1,500 of purchases in each statement period typical 19.9% APR variable |
Different companies will run their schemes slightly differently to each other. Generally remember that the quoted rate will be an annual one and is normally paid at the end of each year. It will be paid on the total amount of purchases made in the previous twelve months.
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