PEN-PROLAY.
INK-ANANYA.
S.V.O
CASH BACK CREDIT CARD
Cash Back Credit Card is one of the top popular one among various kind of Credit Cards in the market to get back a percentage of spent amount through rewards like spot cash back , adding bonus points , direct deposits , gift cards and even sometimes through balance transfer .
Generally it may offer 1%- 5%+ on selected buy . This offering amount may be varied from time to time on various purchases like grocery , hotel like services.
To avail the highest offer , you just do not need to spend a big amount in a time , rather you need to maintain the regular spending , so that your need and spending trend might be justified properly and you may get customized offer .
FACTS TO BE IN YOUR BRAIN ---
You need to pay off the balance regularly within the described period to avoid extra charges.
Late payment and short balance may impact your credit score in a negative way and this could be bitter impacting factor on your next financial planning , including housing finance , car finance , even your credibility as an introducer to any financial sector for your closed one.
You need to know , realize and feel the basic gap among the offers , provided by Cash Back Credit Card Companies , your monthly financial budget and finally on the utility of your purchase .
You need to know , realize and feel the basic gap among the offers , provided by Cash Back Credit Card Companies , your monthly financial budget and finally on the utility of your purchase .
Having a Cash Back Credit Card in pocket means actually a lot of responsibility on your purchasing habit , financial input and output.
Keep in your mind that , “ Nothing is free and you are being offered somehow in the most typical way by the brands and your basic needs may be overlooked in a planned way , for the big brand’s profit .
You need to make a good reseach , compare , and select the best card one for you , among numberless Cash Back Credit Card providers in the market .
Generallty it is a time taking process as after your application is submitted to the service provider , they would take a time to verify all your documents and as per the criteria , either they will reject your application or you would be granted for your desired card along with the plan , describing all the relevant issues .
Generallty it is a time taking process as after your application is submitted to the service provider , they would take a time to verify all your documents and as per the criteria , either they will reject your application or you would be granted for your desired card along with the plan , describing all the relevant issues .
Risk factors of using cash back credit card for the common people
High rate of interest – Most of the Cash back credit card service providers keep the high rate of interest in the agreement , that can be charged from you through a legitimate way , exactly when you fail to pay .
Annual fees – Before you get a cash back credit card for your daily basis usage , you should calculate the amount of the money you spend , the money you can pay regularly , the money you can save after using it and finally the annual charge against the service .
High rate of interest – Most of the Cash back credit card service providers keep the high rate of interest in the agreement , that can be charged from you through a legitimate way , exactly when you fail to pay .
Annual fees – Before you get a cash back credit card for your daily basis usage , you should calculate the amount of the money you spend , the money you can pay regularly , the money you can save after using it and finally the annual charge against the service .
Limitation of valid offer – In most of the cases , the cash back credit card service providers generally keep such an offer in exchange of your purchase , that may lead you to some unusual occasions like holiday , travel etc . Often these type of offer may lead you to extra costing by the regular process of temptation through the advertisement and campaign .
And if you are using the cash back offers in some luxurious ways , still there are caping on the spending of the amount in abroad , balance transfer to other card and in some cases they may charge you on a high rate.
Way out from the cash back credit card scammers –
Personal data protection – Always visit the office and in case of inability for physical presence , always contact the cash back credit card service provider through their official website and toll free number . Be careful about sharing any kind of personal and sensitive data , related to you and your family .
Never respond too quickly without any proper research work to sudden brain cracking offer of big amount . You should only sign up the forms after deep reading , verification of the source and always stay away from the offers from the third party . It may be too harsh to listen – but the reality is “ You are not the best person at all to get the best offers all the times “. Forget the concept of “ THE BEST OFFER IS JUST FOR YOU “ to avoid the regular phishing .
NEXT --
CRYPTOCURRENCY AND BLOCKCHAIN
And if you are using the cash back offers in some luxurious ways , still there are caping on the spending of the amount in abroad , balance transfer to other card and in some cases they may charge you on a high rate.
Way out from the cash back credit card scammers –
Personal data protection – Always visit the office and in case of inability for physical presence , always contact the cash back credit card service provider through their official website and toll free number . Be careful about sharing any kind of personal and sensitive data , related to you and your family .
Never respond too quickly without any proper research work to sudden brain cracking offer of big amount . You should only sign up the forms after deep reading , verification of the source and always stay away from the offers from the third party . It may be too harsh to listen – but the reality is “ You are not the best person at all to get the best offers all the times “. Forget the concept of “ THE BEST OFFER IS JUST FOR YOU “ to avoid the regular phishing .
NEXT --
CRYPTOCURRENCY AND BLOCKCHAIN
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