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.
Almost 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