When searching for a brand new charge card, often, consumers make the mistake of focusing mostly on the two characteristics that individuals hear about the absolute most: the interest rate and the fees.꽁머니 While both of these items are very important and must certanly be consideredcarefully, there's more to look at than simply APR and fees. Often, they are those items which can be evaluated the absolute most because most charge card customers don't pay their cards entirely monthly so APR becomes a factor.Some consumers do practice good credit habits and pay their cards off entirely monthly and for them, the APR or annual percentage rate isn't as important. If you are some of those people, you might want to look at a money back credit card.

Does a money back charge card mean that at certain times you'll receive a package with crisp new cash to invest on what you may want? No, however, many cards aren't far off of that. If you are buying a card that's purely a money back card, you will discover many bank cards that send you a rebate check normally once a year that equals some percentage of your purchases.Just like APR, charge card companies often do not make it easy for you to calculate your rebate. While the practice of complicated calculations to throw off the buyer is getting more transparent and easier to know, it still normally isn't as easy as 3% of your annual purchases.

Do you remember the Discover Card? This card was introduced in the mid 1980s and was the initial card to offer a cash back rebate and no annual fee. In the 80's, both of these benefits were virtually unheard of to consumers and this, coupled with lower merchant fees for the retailers, made the discover card a hit.While it didn't overtake rivals like Visa or American Express, it did force these companies to provide cash back cards of their own. From then as yet, cash back cards have now been a choice with nearly every charge card company or issuing bank offering at least one.

Since the 1980's, cash back cards have evolved and now, not only can the buyer have a card that pays a money rebate, other cards pay the rebate in the form of airline miles, gas rewards, charitable donations, or investment products like 529 college funds. The buyer will find cards in more or less any category where they're spending the most.Most cards such as this need you to have good or excellent credit. There are a small amount of cards that offer those with damaged credit a chance to financially rebuild while still earning rewards points but those cards are rare.

Remember one very important thing: Because it includes you points, rebates, and gadgets and trinkets, that doesn't mean that you need to allow yourself to obtain into interest trouble just to get your rebates. You cannot hold a balance in your card because the interest rate you are paying could be more than your rewards so ultimately you'll still lose money.Start earning cash rebates with all your charge card purchases today! Read the best cash back credit cards