April 20, 2010
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News: What's In A Cash Back Rewards Card?
Americans are feeling the crunch of the credit crisis as lenders continue to cut credit card rewards. Particularly difficult to find now a days is a card with cash back rewards. If you aren't aware of the best way to take advantage of a cash back rewards credit card, its best to consider if the higher interest rate and fees is justified. If you tend to carry a balance forward on your credit card, a higher interest card will only end up costing you more. Most cash back cards offer less than two percent of the card sales and requires a maximum amount of charge transactions. One cash back program that has great potential and worth checking out is the Citi CashReturns Card.
Unlike other cash back rewards credit cards, the Citi CashReturns Card offers unlimited cash back which is earned on every card transaction. Another valuable perk again offered by few cash back cards is that the cardholders also earned rewards off of cash advance transactions. Cardholders earn one percent of each transaction and cash advance. A $5 cash back on a $1,500 or greater balance transfer is another appealing benefit of the Citi cash back card. With the Citi card, there is no need to hound the bank for your rewards; after reaching $50 in rewards, the bank will automatically send a check to you. Most other cash back reward programs applies the cash towards the credit card's balance.
If you're not convinced yet that the Citi CashReturns Card is the right credit card choice for you, consider this last point. The Citi card is currently offering zero percent interest on balance transfers for as long as 15 months. It's important to note that a three percent fee accompanies that balance transfer which too is a lower than many five percent fees with other lenders. The balance transfer promotion is a financially advantage if the cardholder pays the transfer amount off within the promotional time period. Lastly, the Citi CashReturns card does not charge an annual fee.