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The idea of making money with a credit card is a foreign one to most people. In fact, most people can't even imagine it. However, responsible credit card users can actually earn $500 or more from their credit cards if they do one simple and one not so simple thing.

THE SIMPLE THING: Pay for everything with your credit card, especially gas station, grocery store, and drug store purchases. With the Chase Cash Plus® Rewards Visa or the Citi® Dividend Platinum Select® Card you can earn 5% cashback on all of your purchases. If, like many people, you spend $10,000 a year on groceries, gas, and drug store purchases, you could earn $500 cashback simply by using your card for all of these purchases.

THE NOT SO SIMPLE THING: To fully take advantage of the $500 cashback, you must pay your bills in full. Most cards, including the Chase Cash Plus® Rewards Visa or the Citi® Dividend Platinum Select® Card allow a grace period of 20 or more days to pay your balance in full. During this grace period, you are not charged interest. Therefore, you pay nothing to use the credit card while simultaneously accumulating cashback rewards.

Now, even if you do not regularly pay your credit card in full, earning cashback on your credit card purchases can offset the money you pay in interest every year. So, even if you don't pay your bill in full each month, you still end up with an extra $500 in your pocket at the end of the year.

Credit card rewards programs can be great. However, the best credit card reward deals are not for airline miles or merchandise. Those rewards programs often carry high annual fees that offset the rewards earned. The best bet when choosing a credit card is to choose one that offers 5% cashback. Use your card wisely and you'll find yourself with a little extra cash at year's end. No other credit cards offer that.

Copyright 2006 Credit Card Depot Inc. Free online reprints of this article are allowed provided the resource box remains intact with a live link back to http://www.credit-card-depot.com.

Jeff Weber is the President & CEO of Credit Card Depot Inc. His primary website, Credit Card Depot, features detailed credit card application information and links that has helped over 10,000 consumers find new credit card over the past two years. You can find over 80 current credit card applications, including theChase Cashplus andCiti Dividend credit cards, athttp://www.credit-card-depot.com. Ever thought you could earn money with your credit card? You actually can. Learn how Cashback credit cards can make money for you.

Article Source: http://EzineArticles.com/?expert=Jeff_Weber

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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.