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A cash back credit card is a fantastic way for you to make some cash, while all the time spending! Although it does only suit the customers who pay their bill in full at the end of each month.

A cash back credit card will give you the chance to earn as you spend. A percentage is returned to you on an annual basis for every pound that you have spent. This is usually set at between 0.5% and 2% depending on how generous the credit card lender is. And as I have said already and I cannot stress enough is you should be able to pay off your credit card statement in full each month as is the only way that a cash back credit card will work for you.

A cash back credit card is not for everyone…

If you are a borrower then a cash back credit card will only cost you, even though you will be earning a little back, you will find that this will be eaten up and more by the interest charges, which are usually on a higher scale of APR.

By not incurring the interest payments, then every pound that you spend on the card will see a little winging it’s way back to you and if you do pay your credit card bill off in full and never have worries about doing so, then why not switch to a cash back credit card. If you don’t already have one, there are only a few ways in which you can get money from a credit card lender, rather than the many ways in which they abstract cash from us.

Do not transfer any balances…

There is a word of warning that will come with this though, if you decide that you want to balance transfer an amount from your existing credit card company on to a cash back credit card, then you should try and avoid this, in fact avoid it altogether. As any payments you make to the credit card will only go on to pay the amount transferred and interest will mount up on any purchases that you have made on the credit card, which will leave you paying back more than the cash back card is making you.

There are a few good deals on the go right now, with the Amex Blue cash back card the Amex Platinum and the First Trust Bank cards worthy at a look if you decide that a cash back credit card is for you.

Remember…

1) Pay off your balance every month
2) Cash backs are repaid annually
3) Avoid transferring a balance to your cash back card

So if you have a clear statement at the end of each month then go for it and make that bargain in the sales save you even more cash.

Back to the Articles

Yes, low APR credit cards are on the rise. Many credit cards are competing for your business to give you the best and lowest rates available today. There are so many credit cards from you to choose from that they are doing all kinds of things to get your attention including lowering their interest rate and giving you no annual fees.

Why is this happening? Because there are so many credit card companies. They all want your business and this is an attractive incentive to get you to apply and own one of their credit cards. If you choose a low APR credit card over one with 19.99 percent you are sure to go with the lower APR.

The only problem is that sometime these 0% and low APR credit cards are only promotional ways to get you to apply and then later your interest rate will rise. Many credit card companies have low APR credit cards for a certain amount of time such as 3 months, 6 months and some up to one year. You will have to compare to find out which one keeps the lower APR after the promotional period to ensure you are getting the best deal around.

No matter what the reason low APR credit cards are here to stay as long as the companies are competing for your business. Just remember to compare everything they offer besides the lower interest rate. You may find that several credit card companies are now offering other wonderful incentives for you to apply with them such as reward programs.

No matter which company you choose, you will enjoy the low APR credit cards even if it is only for a limited time. You will be able to save money on your purchases because you will not have to pay any interest until the promotional period is over. Just be sure your balance is very low when the interest rate kicks in and you will be fine.