What is a Cash Back Credit Card?
by Jon Francis
Individuals may not even know it, but a cashback credit card is probably the best credit card they could ever hope to have – especially if they pay off the entire balance each month.Companies like Morgan Stanley, American Express, GM, and Marbles are just a handful that offer cashback credit cards. You can compare these credit cards, standard variable rates and cashback percentages at www.moneyeverything.com/cards. They have compiled the best of cashback credit cards available and put them together in a user friendly format to help you compare and choose online.Despite the criticisms against the use of credit cards, there are distinct advantages of paying with plastic. The first advantage is that credit card purchases are discounted, so that cardholders receive an amount of money at the end of the year. It is up to them to decide how they want to use this ‘refund’. They could either buy something that they’ve put off buying, or they could use the money to add to their monthly credit card repayment.The second advantage has to do with protection. When card users make purchases of over £100.00 with a credit card, they are automatically covered by Section 75 of the Consumer Protection Act. If the merchandise they purchased is defective or needs to be exchanged, their credit card receipt constitutes proof of purchase. www.moneyeverything.com lives by their motto of "finance in plain English." If you visit their site, they have a well-written credit card guide that you can read to help you to decide which is the best credit card for you in your present circumstances.Some of the standard variable rates (SVR) of the more common credit cards differ between 0.5 and 2; the credit card companies structures these rates and cashback amounts according to their own guidelines. This could explain the saying 'not all credit cards are created equal'.Some cash back credit cards will offer you more money, while others will offer you less. Those that offer less may impose lower SVRs to compensate for lower cash back amounts. It’s really a question of what’s more important to credit card users.What appears to be the best credit for one person may not be the best one for the next person. There are as many financial situations and credit problems as there are individuals. And of course, there are as many rates and as many offers as there are credit cards in the market.The benefit of this amazing choice is the degree of flexibility on offer. And perhaps even more helpful is the fact that since most credit card providers have eliminated the annual fee, individuals are free to switch cards until they find one that satisfies their needs and expectations.The hard work that www.moneyeverything.com/cards put in up front means fewer questions for the applicant and it’s easy to compare all these options side by side ensuring the right credit card is selected first time round.
About the Author
Jon Francis has been involved with various areas in the world of finance and has a keen eye for a bargin! He has an in-depth knowledge of the UK credit card market and now helps others get the best from their credit cards. Visit their website at: http://www.moneyeverything.com/cards
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