SearchExclusive.com

Some great benefits of having cashback credit cards

Cashback reward programs are incentive measures released by credit card companies for credit card holders where a portion of the amount spent by the credit card holders on their credit cards is paid back to them. This is to encourage the cardholder to use the credit card more frequently. Incentives can be monetary or in the form of flyer miles or points. Th monetary incentive is called cashback or cashback reward.

Cashback credit cards enable the card holders to get about 0.5 to 2 percent of their expenditure back in the form of an annual refund. This is either credited to the account linked to their credit card or paid directly to the cardholder. Cashback credit cards are beneficial to cardholders who pay their credit card statement promptly every month. If they fault on the balance repayment, they will have to pay higher interest rates which would eclipse any monetary rewards they earn.

Cashback credit cards in the country were first conceptualized in the 1990s. The bigger card issuers increased the portion of cashback to 5 percent. This 5 percent was not applicable to every purchase, though. It was applicable to purchases made at gas stations, pharmacies and grocery stores for six months. The cashback portion of any other purchase was about 1 percent. This was to encourage people to apply for credit cards. However, a study conducted in 2010 showed that cashback credit cards typically moved money from households with low income to those with high income. But in 2012, with prices of gasoline increasing, gas cashback credit cards became very popular in the country. Cardholders were given a 3 percent APR on gas cashback credit cards. The biggest advantage of the gas cashback credit cards was that the consumer could be assured of a guaranteed annual payment of a percentage of the money he spent on gas through the year in the form of a rebate check.

Cashback credit cards have been in existence, then, for nearly 15 years now and they continue to be popular. Most credit card users prefer low or 0 percent APR credit cards. But the ones who pay their balance every month find cashback credit cards to have solid value because they do not have to worry about increased interest rates. Initially, though, cashback reward programs started out without complications. Customers were offered about 1 percent on every purchase they made. It was a flat percentage rate. This was given to the customer at the end of the year in a statement credit or the form of a check. Today, various card issuers have differing cashback offers on purchases made. Cashback credit programs have three components to them. One is the percentage a customer earns on purchases, two, the purchases in certain categories are rewarded more than purchases in the other, and third, the monetary rewards are paid to the consumer through different means.

The promise that is given by cashback credit programs if that. To put it simply, you get paid for shopping. However, before you make a decision, consider the pros and cons of such an offer. The obvious advantages include the fact that you get paid a particular percentage of your purchases by the end of the year. If your credit score is good, you will be eligible for the best of the cashback credit cards which give 1 percent to 1.5 percent on all purchases, and cashback up to 6 percent for purchases in a certain category like gasoline or at restaurants. Some credit card issuers offer you a bonus if you purchase for a certain amount within a certain period. This bonus could be anywhere from $50 to $500, which, of course, means more money.

On the other hand, some of the best cashback credit cards which, sometimes, pay cashback as high as 6 percent on purchases in a certain category also charge a high annual fee amounting to anywhere between $50 and $100. These cards also charge higher interest rates when compared to standard cards. Some credit card issuers also put a limit on how much cashback you can collect in a given year. Also, the earnings a consumer gets in the bonus categories are not automatic. The consumer must enroll himself for it every quarter online to receive the bonus.

Therefore, before going for a cashback credit card, it is important to consider what one’s needs are. Cashback credit cards that offer a good rate for purchases like gasoline and groceries are usually the best. However, if you are a consumer who carries over balance instead of paying off the credit balance every month, it will be more beneficial to go for credit cards that offer low-interest rates.

Related Reading

Tips for Buying the Best Dog Food

Most of the dogs do not have a food fuss and may eat almost anything that you feed them. Dogs are not choosy at all when it comes to food and nutrition. Hence, it is important to make sure that the food that you are purchasing for your dog is healthy. The landscape of dog food has been developing by leaps and bounds in recent times. There is a wide variety of options to choose from in the online and offline market. Given the wide range of options that are available today, buying the best dog food might seem to be a confusing task indeed. All the commercial pet food that is available in the market today is regulated by the FDA. Therefore, most of the products do contain nutritious, healthy, and safe ingredients. But it does help to know certain basic factors you should look for while buying food for your dog. Prioritize on the nutritional guarantee The best dog food, which meets the dog’s needs adequately has a statement written on the label of the product, from the Association of American Feed Control Officials. Buy from some of the best dog food brands, such as Fromm Family Foods, Earthborn Holistic, Nature’s Variety Instinct, and The Honest Kitchen.

Different Types of Kitchen Cabinets Available for Your Home

The most important aspect when designing your kitchen is deciding on the type of cabinets. In addition to functionality, kitchen cabinets score on aesthetics as well. Once the layout is planned, you can go ahead with choosing the cabinets. If you’re remodeling your home or just the kitchen, what you need to consider are the types of cabinets that furnish your kitchen. Here are a few types of kitchen cabinets that you can choose from. Base cabinets These kitchen cabinets are mounted on the floor and they are placed after checking out the floor plan. A major part of your job in the kitchen is on these base cabinets, which hold and support the countertops. These base cabinets are combined to carve out kitchen islands. A number of base cabinets are fused/set against one another and installed on site. The base cabinets, in addition to supporting the countertops, serve as drawers to hold your cutlery and appliances. Wall cabinets Mounted on the walls, these cabinets can store everything, right from your cookware to cookbooks. In terms of design, they offer utmost flexibility. Wall cabinet kitchen is available in varying heights, multiple widths, and custom depth options. This customization helps you to fit in your stuff of varying shapes and sizes into the wall cabinets.

How to Pick the Right Dog Food for a Sensitive Stomach

In today’s world, where you are presented with over a dozen choices for every item you would purchase for your own kitchen, it is not surprising that you have an equal number of options for your dog’s food. However, choosing the perfect brand and formula for your dog out of a range of options in the market is not an easy job. Your pet depends on you and trusts you to make the right choice for them. Therefore, it is imperative that you do your research about the products available in the market, understand what your dog needs, know what might be your pet’s problems, and then make a sound decision. What is a sensitive stomach? Dogs are known to have voracious and large appetites. Keeping that in mind, it is normal to assume that they have strong stomachs. They can eat close to anything be it sweets, bakes, chewy gum, hard leather or even woolen socks for that matter! It always so happens that the strongest of them are prone to allergies and can develop a disorder which is medically translated as a sensitive stomach. This might be due to a sudden change in the food habits or even due an infection picked up from somewhere.

All You Need to Know about Cat Food

For cat owners, cat food is a hot topic. You need to think about it in different aspects. The best thing is to know which ingredients are good for cat food and which are harmful. If you are aware of this, you can get an idea about the quality of the cat food just by going through the label. It is always sensible to stick to one brand of cat food. However, you may also want to try and prepare cat food yourself. There are also various options for wet cat food as well. Cat’s love for fish is universal, so you can do without going for expensive cat food. Nevertheless, whether you buy it or prepare cat food at home, you need to ensure that the food contains enough nutrition and calories. You would need to have some idea about the ingredients that must be present in cat food and make a worthy selection for your cat. Basic ingredients present in good cat foods Cats need a variety of nutrients to stay healthy and active; they need various vitamins, minerals, fats, proteins, and oils. The following is a brief explanation of the basic ingredients that should be present in cat foods.