5 Things to Know About Cash-Back Credit Cards
The best cash-back card offers promise unlimited rewards that equate to money back on every purchase you make. Over time, these rebates can add up to hundreds or thousands of dollars in value, even with some no-annual-fee cards, but there are a few things you should know before applying for a cash-back rewards card.
Thanks to the enormous popularity of cash-back cards, there is now a huge variety of rewards structures that incentivize certain types of spending. Many cards offer higher cash-back rates on purchases made at gas stations, restaurants, and grocery stores, for example.
The truth is, though, that it's easy to perceive these perks as being more valuable than they really are. The average household doesn't necessarily spend that much on these major bonus categories, according to data from the Bureau of Labor Statistics.
Source: Fool.com
