Credit Card Rebates Overview
Rebate credit cards, or cash-back credit cards, are a popular feature that many credit card companies are offering to their clients.
When you apply for a rebate credit card, you are essentially enrolling in a program that is designed to give you back a percentage of the cash you spend on the card. For each dollar that you spend, your credit card company will offer a rebate.
However, the rebates are generally set to become active at pre-determined price points. For example, you may only qualify to receive credit card rebates once you have spent $1000 or more dollars with your credit card.
How it Works
Rebate credit cards work for the consumer because shoppers get excited about spending money on one credit card if they know that the credit card offers rebates for each dollar spent. Therefore, many shoppers elect to use only one credit card so that all of their expenses are consolidated.
Before you request your credit card rebate, you may have spent more money through interest rates imposed by the credit card company than you actually get from the credit card rebate.
Therefore, it is important that if you enroll in a credit card rebate program, you are aware of the interest rates that you may assume if you do not pay your credit card balance down each month.
How the Credit Card Companies Benefit
It can seem like poor business practice on the rebate credit card company’s behalf if they continue to give money to credit card users after they already have lent money out in the first place.
However, credit card companies know that the more incentives they offer to long-term users, the greater the chances will be that those users will be loyal to the rebate credit card company.
For example, if you know that you can get $100 back if you spend $5000 on one credit card, you may be more inclined to actually spend money on that particular card rather than on other credit cards you may own.
You will also be less likely to quit the credit card company before meeting that price point. While you stay with the rebate credit card company, you are most likely paying significant interest rate fees when you do not pay your monthly balance down.
The majority of credit card holders do not routinely pay their balances completely, so the credit card companies benefit from the long-term relationship.
Where to Find Rebate Credit Cards
Believe it or not, rebate credit cards are easier to find than you might imagine. You may need to do some research so that you find a rebate credit card company that also offers a low interest rate.
The low interest rate will help to keep you from spiraling into more debt, while the credit card rebates that you receive will make you actually feel good about spending. After all, who couldn’t use a little extra cash as a rewarding for spending it?
While many credit card companies offer rebate credit cards, the incentives associated with those companies very a great deal.
Some companies may also offer 0% APR, while others may offer airline miles in addition or in place of the credit card rebates. Therefore, you must first define exactly what incentives you would actually use before you enroll in any one program.
You’ll quickly find that there are many advantages to using a rebate credit card – the least of which is the fact that you will actually get money back for each dollar you spend.
Shop around for the rebate credit card company that offers everything you desire — and don’t forget to read the fine print!
Credit Card Rebates – How To Get Yours
Getting those bills in the mail is not much fun – especially the credit card bills.
But what if, every time you got a bill, you also were informed about how much money your purchases had earned – wouldn’t that make it more interesting? That is exactly what credit card rebates does for you.
Many credit card companies are now offering rebate credit cards, giving you a percentage back. We have offered a description of what to look for in your new rebate credit card and how to get yours, quickly and easily.
Compare The Interest
Getting credit card rebates sounds like a really good idea – and it is. A few years ago – about 15, or so, there was a standard fee that everyone had to pay if they owned a credit card.
Only more recently did the credit card companies begin to vary from this pattern of standardization -apparently the competition demanded new ideas. Now just about all of them have some kind of unique way to get people to sign onto their card.
A rebate credit card is really only better for you if you are in the habit of paying it off each month, when your bill comes in. This kind of card is normally a little higher in interest than a regular credit card would be. This is their way of offsetting the expense.
As long as you pay the bill each month you will not have a problem. If, however, you allow your bill to be carried over into the next billing period — well, the truth is that your card really won’t do you much good. You could do better with a regular credit card.
Look For Annual Finance Fee
Rebate credit cards will often charge an annual finance fee. Some cards will waive it for the first year, but then you will be charged in successive years. The fee can also vary quite a bit, too, going from as low as $15 to as much as $135 per year.
Notice The Caps
Quite a number of these cards carry caps on just how much of a monthly (or yearly) rebate you can receive. It may differ, too, in the different kinds of purchases you make.
They often will give you one rate for groceries, medicines, and gas, and another rate for purchases you make at certain stores, and then another rate for your general purchases.
Watch Your Statements
The actual amounts that you receive from your rebate credit card will often depend on which of the above categories the purchase is placed into – this is often their prerogative – but still, gas is gas. In order to ensure proper crediting, you will need to verify your purchases, each month, the rebates that are given to you.
Note The Time Frame
A rebate credit card often uses the rebates part of it as an attraction for you to get the card — and it is a good one, too. Keep in mind, however, that the rebates may not keep coming — but usually are good only for the first year of the card.
Other cards may only give the initial offer for three months, and then drop down to a lower credit card rebates level after that. By shopping around, you will quickly find that there are many different conditions for similar cards.
You also will want to read the fine print about possible late payments — just in case. A late payment may be all that is necessary to put you in a category of paying the highest possible interest. So, be informed, and enjoy as many possible benefits as you can, too.
Getting your own credit card rebates is a great way to go – but there is one that is even better. When you shop around, before you sign up, try to get a rebate credit card with 0% APR, and low interest.
This way, as long as you make the monthly payment in full, you will be saving on interest, and get those wonderful rebates, too.
All You Need To Know About Credit Card Rebates
Credit card rebates are the rage, after all, who can resist the temptation of earning while spending? However, don’t you think that before getting a new card, you should spend a little time going over the pros and cons of the credit card cash back offer?
We have outlined everything you need to know about rebate credit cards and how to get the most out of all the various credit card rebates available.
The idea of being paid to spend money seems incredible but that is just the idea behind credit card cash back or rebate credit cards.
With the growing popularity of credit cards, companies are sweating it out to make you believe that theirs is the best option for you. Here are certain guidelines on credit card rebates that can help you make the best of your cash back card:
Taking Stock of Credit Card Cash Back Offers
Take stock of your normal purchases and then get a cash back card that pays you for these items. The best option for credit card rebates, of course, is to look for a card that pays you for ALL your purchases, regardless of where you make them.
The highest rate of credit card rebates may not be the best one for you. You might get rebate credit cards rates as high as 5% but these may cover only certain purchases and merchants and not necessarily the ones you need.
Choose your rebate credit cards according to your personal choice of reward. Some cards offer immediate discount on purchases, some send you gift cards from time to time, still others will reflect as points in your card statement.
Who said a credit card cash back offer was simple? If you would prefer a bonus check, then go for cash back offer that pays dividends on a yearly or six-month basis. This way you could have a decent rebate in your wallet for Christmas!
A gasoline cash back card can be of good use when you have to fill your tank. Every gallon you buy earns discounts. Moreover, you might even receive cash back on purchases at a particular gas station.
Cards that pay you on all purchases generally have a lower rate (usually 0.5%) but it might give you decent rewards in the long run, unless you go to only a select range of merchants.
In this case, you should go for a card that covers such merchants, though beware, these might carry higher rates of interest.
Regularly compare cash back credit cards on websites to ensure that you don’t miss out on better APRs and rewards. In fact, if you are carrying balance on your accounts, interest charges might actually be eating into your cash back rewards.
Are Cash Back Credit Cards For You?
Think of the cash back card as a card that rewards you for taking a loan. These discounts may range between 1% and 5%, depending on the purchases.
Make sure you know what you are getting into – for example, only apply for a gas rebate credit card if you own a car!
Look for the rebate percentage before sealing the deal. Credit card rebates are given out in different forms. Some companies offer discounts through cash incentives on an annual basis; others may directly send it to the customer’s account. You may also find options that link your rebate to a savings account or you may accumulate a certain kind of points.
There could also be a deadline by which you have to spend your points, so do not hoard points without knowing the expiration date. If you have a monthly shopping schedule or if you prefer buying products in bulk then this type of card is likely to work for you.
Chances are that before you are allowed to use all the privileges offered by the company, you will need to demonstrate a good credit history.
Most importantly, you must be aware that the credit card rebates may not cover all the things you wish to purchase. If you keep this and other basics in mind, you can soon be on your way to saving significantly with credit card rebates.
Credit Card Rebates – What They Mean to You
With all the spending you do on a weekly basis, wouldn’t it be great to get some of that cash back at the end of the year? With credit card rebates, you can do just that. Rebate credit cards offer you a percentage of your money back.
So when you spend with your credit card you can be earning money. This is a great way to add to your end of year savings or to earn a little extra money for holiday shopping expenses.
How Rebate Credit Cards Work
When you sign up for a rebate credit card, you are agreeing to use the card according to the credit card agreement.
While all agreements are different, the rebate credit card agreement will detail how much you have to spend to earn money on your purchases.
Most cards offer up to five percent cash back on your purchases. So check for the details in the contract. You may earn different amounts at different places.
For example, some cards offer five percent cash back rebate when you use your rebate credit card at a grocery store, gas station, or drugstore. These daily purchases add up quickly and it is easy to earn rebates this way.
However, your purchases at other stores may only earn you one percent of your purchase price in rebates.
Restrictions
Again, many cards only offer their premium percentage rates on purchases made at specific locations. In addition, there may be a limit on how much your can earn.
Credit card rebates may be limited to three hundred dollars or less in one year. Once you hit this limit in rebates, you will no longer be earning cash back when you use your card.
You may also have to pay an annual fee to use the card. Weigh the cost of this against how much you think you will actually earn back in credit card rebates to see if it is worth it.
If you pay a fee that is over fifty dollars and you only think you can earn seventy-five dollars in rebates, the card may not be worth your time.
Keep in mind that the interest rate also plays a part in how much money you get back. It is very important to always pay your rebate credit card bill in full each month.
If you don’t, you will earn interest on the balance and pay the company much more than you get back at the end of the year.
Keeping Track of Rebates
Be sure that you keep track of your spending with these credit cards. Most companies offer an online service to let you see how much you have spent and how much you have earned. Take advantage of this service and stay on top of your monthly bills.
Tips to Earning More
Again, if your card offers a higher rate for spending at supermarkets, drugstores, or gas stations, use your card there primarily. You can also get the higher rate most of the time for purchasing merchant gift cards at the supermarket.
So if you want to purchase something at a department store, buy a gift card at the supermarket to earn your higher rate and then shop with the gift card.
Credit Card Rebates – How They Work
Simply put, a credit card rebate is a cash reward a credit card company gives you for using their card. In terms of how the card actually works, the company that issues the rebate credit card charges the vendor from whom you make the purchase.
You make the purchase from that vendor because you are getting cash back through your rebate credit card. The credit card company shares its earnings from vendor tie-ups with you, and thus attracts more customers. So everyone benefits.
Types of Rebate Credit Cards
There are a number of different rebate credit cards that cater to different types of people. The credit card rebate that works for Jack may not work for Jill. Or in starker terms, one mans meat is another mans poison. Some rebate credit cards are tailored for businessmen.
Some credit cards give very high rebates up to 5% through certain programs. If you find that you fit into that program, and the purchases you normally make are in line with those offered by that program, you stand to save a lot of money
Again if you are a doting mother who just can’t get enough toys for her kids, you can find a credit card that gives you rebates every time you do that.
A certain rebate credit card would be perfect for someone who couriers frequently. Such a person should find a credit card that gives him rebates on payments to a courier company.
Some rebate credit cards can give you up to 10% in credit card rebates on certain purchases for a specified period. If you fit in there, you stand to save a bundle!
But how do you find the card that fits in with your needs? The Internet is a good place to start with some of the best rebate credit cards available with a few clicks of the mouse. A little homework can save you money where you never imagined it could.
Credit card rebates offer an advantage to frequent flier miles.
You can use the rebates as you want. The rebate credit card can also be an important money management tool which will benefit you for years to come. To benefit the most, take your long term needs into account when choosing your rebate credit card.
Be specific to your financial needs. If necessary you can even use two rebate credit cards to take advantage of two bundles of offerings.
Check the Details
Always remember to check for the APR offered by the credit card, as well as the annual fee. There are numerous offers available for rebate credit cards at 0% APR for 12 months and no annual fee for clients with very good credit.
Also read the fine print, including the method of calculation. Some methods of calculation prove more expensive at the same interest rate.
Remember, your rebate credit card is a tool to use your money wisely. By first choosing the correct tool and then using it well, you can save hundreds and sometimes thousands of dollars in credit card rebates.
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