What Are Credit Card Cash Rebates?

A wealth of credit card companies offers cards that provide the cardholders with cash rebates. These cards are called cash back cards. They allow the cardholders to earn a small percentage of money back on their daily purchases. Cash back cards are some of the most popular cards in the industry because they offer the consumers a chance to earn money. A person who is looking for a new credit card can spot cash back cards because the feature will appear in the card description. Neither Visa card companies nor MasterCard companies are shy about displaying a cash reward or cash back option.

 

 

 

How Credit Card Cash Rebates Work

Aside from the above stated cash rebate process, some credit card companies offer their customers cash back upon approval. They may offer their new consumers $50 or $100 cash just for obtaining approval for their credit card. This cash rebate is an added incentive to persuade consumers to apply for a new card. It can be a great way for someone new in the credit world to receive extra funds on his or her account. Credit card companies usually apply the cash reward to the credit card balance after the consumer’s second or third billing cycle.

 

Bank Of America Cash Reward Credit Cards

Bank Of America Cash Reward Credit Cards

 

Citi Bank Cash Back Credit Card

Citi Bank Cash Back Credit Card

 

 

 

Cash Rebate Percentages

In the case of cash back rewards, the consumer has to use his or her card for to purchase certain products. Each credit card company is different with its requirements for cash back. One company may offer its customers 2 percent cash back on all purchases, while another company may offer as much as 5 percent cash back on certain purchases. The terms are stated clearly in the credit card “terms and agreements” section.

 

CIMB Bank Cash Rebate Credit Card

CIMB Bank Cash Rebate Credit Card

 

 

Items That Earn Money

Fuel is something that can earn a consumer cash back in most cases. Every time the person uses his or her credit card to buy fuel, a small percentage of the expense goes in the cash back till. A fuel cash rebate can quickly multiply since the consumer will need to buy fuel at least once per week (best card review: UOB Bank Cash Rebate Credit Cards with 5% Petrol Rebate). Other items that may prompt cash rewards are groceries, office supplies, furniture, hotel reservations and more.

The best cash rebate cards are the ones that do not have limits on the amount of cash the customer can earn. Some of them allow for unlimited earnings, while others have a cap of about $300 per year. Credit card comparison tools are excellent helpers in choosing the best cash rebate credit cards.

 

UOB Bank ONE Card Cash Rebates

UOB Bank ONE Card Cash Rebates

 

 

 

Applying for Cash Rebate Credit Cards

Cash rebate credit cards have the same criteria that other cards have. The consumer must meet credit rating standards to obtain the card. The lenders will review that person’s credit report for blemishes, and it will make a decision based on that information. It is possible for a person with poor credit to obtain a cash rebate credit card. A person with extremely poor credit can obtain a secured card that has the cash rebate option. The key for each consumer is to shop around to find the best available product.