Cash back credit cards are the single most popular credit cards requested and carried by both individuals and businesses.
Cash back credit cards typically give the user a “cash back” bonus of 1%-5% of the sales price of qualified credit card purchases. Of these qualified purchases, you’ll normally get the maximum amount of cash back on certain categories, such as travel, groceries, gasoline, etc., and a much smaller amount for all other purchases you make with your credit card.
At first glance, cash back credit cards appear to be an excellent value, however, it is important to remember that you must pay the card off every single month to actually realize a true cash back bonus, otherwise, the interest you’ll pay for carrying the balance will far outweigh any cash back bonus earned on purchases made with your cash back credit cards.
