The Truth about CashBack Credit Cards Utica NY

Find out whether a cashback credit card is the perfect fit for your wallet.

Empire State Bank, NA
(845) 256-0003
275 Main Street
New Paltz, NY
 
The Berkshire Bank
(845) 294-6151
P.O. Box 469 ,2 South Church Street
Goshen, NY
 
Credit Card Debt Consolidation
(631) 387-9305
162 W 22nd St
New York, NY
 
Merchants First
(800) 575-6293
85 Lafayette Avenue
Suffern, NY
 
Allstate Merchant Services
(917) 687-3359
40 Rector Street
New York, NY
 
Lheron Peter A
(585) 546-8170
11 N Goodman Street Ste 10
Rochester, NY
 
Sekharan Raja N
(585) 272-7007
2540 Brighton Henrietta Townline Rd
Rochester, NY
 
Castiglia-Rubinstein Attorneys at Law
631-845-7222 Ext. 2010
445 Broadhollow Road
Melville, NY
Prices and/or Promotions
Free Consultation

Expense Reduction Analysts
(716) 662-1224
124 Middlebury Rd.
Orchard Park, NY
 
GPO Federal Credit Union
(315) 363-8029
1000 Oneida Plaza Dr
Oneida, NY
 

The Truth about CashBack Credit Cards

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How does a little extra cash in your pocket sound? Maybe you could use it for a nice dinner out on your birthday, a movie night with that special someone, a rainy day shopping spree, college savings for you or your child, or even to pay down your mortgage.

Keep dreaming because if you had a little extra cash you could use it for anything--donate it to your favorite charity, compensate for high gas prices, pay down other debt, or buy a discounted airline ticket. For all these reasons, and the thousands of others you can dream up, a cashback credit card may be the perfect fit for your wallet.

CashBack Credit Cards are great IF...

 ...you don't carry a balance from month to month. Credit cards offering cash back tend to have a higher interest rate, which usually wipes out any reward you might receive if you carry a balance.

According to CNNMoney.com statistics, interest rates on reward credit cards are, on average, approximately 1% higher than standard no-frill platinum credit cards. So if you plan to carry a balance your best deal is to look for the credit card with the lowest interest rate. Keep your financial health in mind and don't be lured by cards offering rewards that end up costing you more money.

President of Money Magic, Inc. and money educator Mary Ann Campbell (CFP) says, "The way for cash back to be a good option is if you are truly managing your credit cards where you are literally earning cash back but not turning around and paying it back in any other form."

The cash you receive from a rebate card should be viewed as a reward for all the hard work you have done in lowering your credit card debt and paying your balance in full each month...


Click here to read the rest of the article at YoungMoney.com.