Finding the Right Cash-Back Credit Card

In the market for a new credit card? If you’re looking for a cash-back credit card, make sure to do your research, reports Komo News.

Woman with Money 150x150 Finding the Right Cash Back Credit CardAlmost half of cash-back credit cards pay back one percent from the first dollar of spending, according to a recent report from Bankrate.com. Of those cards, nearly 14 percent pay more than one percent. Very few of these types of cards charge an annual fee.

Some banks offer and preliminary reward, while others will give money back if a certain threshold is reached in the first few months. Many cards will also pay five percent on shopping categories like gas, travel, groceries, etc.

While the cards offer great cash back rewards, they almost always come with a higher interest rate than traditional credit cards.

To read the full article, visit http://www.komonews.com/news/consumer/Which-cash-back-credit-cards-are-best-for-you-139337188.html

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About Veronica Brown

I am currently the Marketing Communications Intern for the Council of Better Business Bureaus in Arlington, VA. Originally from Seattle, I am currently a student in Washington, D.C. studying International Affairs. In my spare time, I enjoy volunteering around the city, exploring the East Coast and keeping up with politics.