A cashback credit card will allow you to earn income when you shop because the percentage is returned to you every year for every pound you have spent. This is usually set between 0.5% and 2% depending on how generous the credit card lender is. I cannot stress enough, you must be able to pay off your credit card statement every month, and this is the only way a cashback credit card will work for you.
If you are a borrower then a cashback credit card will only burden you, even though you will get a small payment, you will find that this will be eaten up and more with interest fees, which are usually on a scale larger than April
Is a cash back credit card for everyone?
By not making interest payments, for every pound you spend on your card, you will see a small refund to you. If you pay your credit card balance in full every month, why not switch to a cashback credit card. Cashback credit cards are a fantastic opportunity to reward you for spending money!
There is a warning coming up with this, if you decide that you want to balance the number of transfers from your existing credit card company to a cashback credit card, you should avoid this. Avoid it altogether. Every payment you make to a credit card will only continue to pay the amount transferred, and interest will only increase on every purchase you make on the credit card. You will then pay back more than you get from the cashback card.
Here are some of the best offers
Several good transactions are going on right now, with the Amex Blue Amex Platinum cashback card and the First Trust Bank card worth seeing if you decide that the cashback credit card is for you.
So, if you have a clear statement at the end of every month, then make and make offers in sales, save more money.
