Using Cashback Credit Cards
More people should consider cashback credit cards. These sorts of cards are automatically going to be significantly more cost-effective than many other sorts of credit cards, since people will be able to get back some of the money that they purchase initially. These are credit cards that were designed with the consumer in mind, at least compared to a lot of other credit cards, which can make a huge difference. The top cashback credit cards will offer all sorts of great benefits that will manage to save customers a lot of money in the long run. Customers should look into the top cashback credit cards of 2015, as well as the top cashback credit cards that will appear from year to year.
American Express SimplyCash Preferred Card
Not everyone wants to have to memorize a lot of complicated rules when it comes to the cashback rates. A lot of people would just rather have a rate that will apply to almost anything that they buy. Cards like this one have a way of simplifying things. People who buy anything will get 1.5 percent cash back on anything that they buy. For now, people can get five percent cash back for about six months, allowing them to save four hundred dollars.
People get the benefit of 24/7 customer service when they purchase this card as well, in addition to insurance coverage and protection from fraud. The cashback benefits will stop after the customers in question have purchased one hundred thousand dollars. However, for many people, it will take some time to get there, and the rest of the benefits remain.
Scotiabank Momentum VISA Infinite Card
Some of the top cashback credit cards that people will find will manage to give them some important cash back when it involves the more major purchases. This one is much more valuable in many ways, because people will get cash back on the minor purchases that they will make as a matter of course. Collectively, the minor little things that people buy on a regular basis are going to ultimately cost them a lot more money than the major things that they will purchase from time to time.
Using the Scotiabank Momentum VISA Infinite Card, people will get four percent cash back on what they buy at the grocery store and the gas station. When it comes to drug store purchases and recurring payments, customers will get two percent cash back. When they purchase literally anything else, the cashback rate is a full one percent. As such, people will still manage to save a lot of money on the major purchases, at least some of the time, where one percent could make a huge difference.
People also get a full grace period of three weeks before they start accruing interest on this card. The interest rate is 19.99 percent and 21.99 percent for purchases and cash advances, respectively.
This card is not going to be accessible to everyone, as is the case for many of the top cashback credit cards. Only households that earn one hundred grand a year will qualify, and individuals will need to earn sixty grand a year or more.
Capital One Aspire Cash Platinum MasterCard
People can save on annual fees with this card, which certainly earns its place among the top cashback credit cards. People will get one percent cash back on everything that they buy when they get this card. The sky is the limit when it comes to the cash that people will ultimately get back when using this card. People might have to cope with 16.8 percent interest rates to use the card, but its other benefits more than make up for the high interest rate.
People get extended warranties, price protection, car rental insurance, and purchase assurance when they use this particular credit card. As cashback cards go, this one certainly has a lot to offer.
MBNA Smart Cash MasterCard
The rewards associated with this particular card will decrease as time goes on, but they start off remarkably high, so the decrease isn't going to feel all that dramatic. People will get a full five percent cashback on the right grocery and gas purchases with this card, and one percent with everything else. The five percent rate with grocery and gas purchases goes down to two percent after half a year, which is still a very good rate.
People won't get an annual fee with this card, which helps it proudly earn its place on the list of the top cashback credit cards. For ten months, people will also get a comparatively low 1.99 percent interest rate on all of their balance transfers, which can save them a huge amount of money. The top cashback credit cards were designed to save people money where it counts.