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[C254]Cash Back Reward With

by Tom Tessin, Tom

Credit card rewards are amazing things and if you want to know how to benefit from them 100%, I'm going to give you some pointers and how you can take advantage of the credit card companies. The process is fairly easy and as long as you follow my advice, I will guarantee you that you will come home with rewards month after month.

Pay your bill off in full – Each and every month, you have to make sure that you pay your bill off in full. If you don't pay it off in full, the interest rates are going to kill you. This of course is going to offset the rewards that you're going to get. Let's use an example really quick. Let's say you have a 19% interest rate. If you have a $100 bill, that's $19 for the year. 100 points won't even get you close to any rewards and even if you get close to a $50 gift card, you have to subtract the interest rates.

Live within your means – Never spend more than what you can afford. This is what gets you in trouble when you're using your credit card. Always make sure that you buy what you can afford and that way, when you get your bill, you won't be shocked by it. If you're having a hard time with your bill, try and write down what you're buying each and every month. If that doesn't work, check online with your accounts to see what your monthly balance is. The people who can't pay their bills off in full are the ones that don't know what kind of bill they are going to get in the mail.

Try to use it for everything – If you're good with a credit card, try and use it for everything. Use it for your car payments, your mortgage and everything else under the sun. Think of it this way. If you spend $2,000 on bills each and every month, that's $24,000 a year. Even if you get one point per dollar and I think you'll get more than that, that's 25,000 points! That's enough for airline tickets, gift cards and everything else. Remember this can get dangerous if you don't pay it off in full but as long as you do, you'll be fine and this is where most of the people benefit from it.

Know your points – You may find that you need to get another card for each expense. If you can capitalize off gas with a gas card, get a gas card as well as a card that benefits you with groceries. It never hurts to get more than one card. Your goal in the long haul is to capitalize on all of your points.

A credit card can offer great rewards. As long as you follow the tips above, I can guarantee you that you'll walk home every few months with great rewards like gift cards, plane tickets and more. Make sure that you're responsible and as long as you are, you'll see great perks!

How good would it feel if every time you spent money you got some back? Well that’s what most credit card companies are offering you at the moment, as the big credit card company’s battle out the customers can only benefit, most credit card companies offer an incentive when you open an account, including 0% on balances and purchases for the first 6 or 9 months, which is great but know they are offering Cash Back.

Cash Back works by offering customers money back (typical rate of 0.5% -1%) every time they make a purchase using their credit card, this money is usually put into your account at the end of every month, how good will that make you feel knowing every time you bring your plastic friend out he is making you money.

There are some great offers by credit card companies including American Express Blue Credit Card, they have a great introductory offer of 2% cash back for the first three months, then the rate reduces to 1% this is a great offer from American Express, you could really cash in with this offer. A typical example with American Express Blue credit card, say you spend £1,500 a month with cash back you will receive £30 for the first three months then £15 for every other month.

Other credit card companies getting in on the act include Halifax, Egg, Stanley Morgan and Alliance and Leicester they all offer Cash Back, at a typical rate of 0.5% -1% the only requirement is you spend a certain amount throughout the year.

The only think to watch out for is make sure you pay off your balance when you receive your statement, if you don’t you will lose all the Cash Back money that you have earned, and you’ll be charge more interest and end up paying back a lot more, so you really have to watch that what you’re spending every month you can cover.

As with all credit cards when you’re applying for one make sure you read it carefully, I know we always look for the great benefits that they offer us, but remember a lot of these offers only last for an introductory period, so make sure you check the interest rate as after the first 6 or 9 months you could see it jumping up dramatically, so what could have started out as a great offer turns out to be a nightmare, and leave you in debt for years.

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Both Tom Tessin & Peter Kenny are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Tom Tessin has sinced written about articles on various topics from Mileage and Fuel, Education and Finances. Find and more of Tom's work all at FINDcashbackcards.com.. Tom Tessin's top article generates over 673000 views. to your Favourites.

Peter Kenny has sinced written about articles on various topics from Credit Cards, Finances and Best Money Market. Peter Kenny is a writer for creditcards-gbFor additional articles and an extensive resource for everything about credit cards, please visit us at