Digital News Report – There are several types of rewards programs offered on credit cards and cash back programs might be the best deal for those looking for a cash back credit card offer. For every dollar worth of purchases your earn points that translate to cash back usually back to your account or sent to you as a prepaid credit card. Credit card companies continually promote different offers. Here is a survey of some of the current cash back credit card offers that are going on right now. Things to consider when shopping for a credit card that offers cash back is how much the annual fee is and what is the interest rate.
Capital One® No Hassle Cash Rewards card has no annual fee and if you have excellent credit rating you can get a 14.9 percent interest with an 0 percent balance transfer and initial introductory offer until July 2011. The points don’t expire and you can set up automatic payout for the cash back rewards. There is an extra 2 percent earning potential on gas and groceries, while all other purchases earn 1 percent. There are no limits to the amount of cashback you can earn with this card.
Chase Freedom Visa is offering a $100 Bonus Cash Back when you sign up with their cash back rewards credit card. If you make $799 in purchases in your first three months you will get the extra $100 cash back bonus. You need to have good credit and you can get an interest rate of 12.99 percent. There is no limit to your cashback earnings and they have 5 percent point rewards for many categories with 1 percent for all the others. There is no annual fee for this card.
Discover® More Card is offering a $75 Cashback Bonus® when you sign up with their credit card offer. They will give you an extra $75 cash back bonus if you spend $500 in purchase during the first three months of having their credit card. There is also a 12 month no interest introductory offer for balance tranfers and 6 months 0 percent interest introductory rate for purchases. There is no annual fee and you need to have excellent credit. Interest rates after the introduction vary from 11.99% – 20.99% APR.
It is important when shopping for the best credit card offer to make sure to read the terms. Make sure that you are aware what the fees are for that particular card.
By: Victoria Brown