About Cash Back Credit Cards: Good or Bad Idea?

Getting a credit card that offers cash back always sounds like a good idea. What's better than getting cash back on everything you buy with your credit card? This sounds too good to be true, doesn't it?

Well, some cards give you free cash, but usually only about 1% cash back. But free money is free money, right? It's okay sometimes.

If you plan to buy a lot in a month, this type of credit card might sound like a good fit for you. However, you must remember that you will not get a refund with every purchase. Even though they claim to give you cash back on every purchase, they only give you up to a certain amount per  transaction. The company also has strict limits on the amount it can return to customers.

If you read the small imprint on the form you signed, you will see a paragraph in the terms and agreement that contains its limitations.

This is another way of trying to attract new customers for these companies. It's a good credit card and sounds good in theory, but they need to check your credit before giving you a credit card.

Research different credit card companies to see what they offer. You might be surprised to learn that a cashback credit card can give you exactly what you need and want, with high cashback rates, very few refund amount limits, and instant deposits every time you shop with their Map .

While these credit cards look great, some businesses also require your credit history. However, some credit card companies offer these cards to people with poor credit ratings to help them rebuild their credit. Research all your options.

What Your Decision Should Be If you have good credit, then this card is a good option for you. Learn about the different card companies - some cards will give you up to 3% cash back with very few limits. However, if you have poor credit, you may want to find a credit card that will help you rebuild your credit.

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