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Cash back rewards credit cards are not the only way to get cash back for purchases. There are many other alternatives that are better for your fiscal health. Avoid using credit cards and look at these alternatives.
Cash Back Rewards Credit Card Vs Other Rebate Opportunities
By Scott Siegel
Is a cash back rewards credit card the only or the best way to get rebates or cash back for your purchases? That is a question that most people don't consider before adding another credit card to their wallet.
When consumers think of cash back rewards, the first thing they think about is a credit card. This is because the credit companies have worked very hard to make them top of mind. They spend millions of dollars to convince you that one of the best ways to save money is to use their rewards card.
What most people don't know is that there are other ways to get rebates on their purchases. Credit cards are not the only option.
There are cash rebate offers available in a variety of forms. In many instances if not most, they are a financially healthier alternative to reward credit cards.
The biggest drawback to using a cash back card is the fact that you have to create personal debt to use it. By its nature, a credit card requires you to owe money when you use it. One of the major problems in the current economy is the overwhelming debt that has been built up.
Using a card to get cash rewards is adding to your debt. What happens if you can't pay your balance? Interest and fees will eat up your cash back bonus very fast. That is exactly what the credit card companies want to happen.
You can find programs that allow you to get rebates or cash back without going into greater debt. There are rebate programs available in many different forms. Some are actual rebates and others are huge discounts for prepaying.
One of the most popular of these cash discounts or prepaid opportunities can be found at restaurant.com. Here in essence you are prepaying for a rebate that is applied to your bill when you eat. For $10 you purchase a $25 certificate. When you eat at the restaurant you present the certificate and the $25 is immediately applied to your bill. You have received a $25 instant rebate. You did not have to go into debt to get it.
Another type of rebate available is a loyalty rebate. In this instance, you are rewarded by way of a rebate for using the same brand or the same store on a regular basis. The two most popular types of these rebates are gas and grocery.
This rebate program usually takes the form of registering the brand or store you wish to participate with and then saving receipts and sending them in each month. For each completed month when you send in the minimum amount of receipts you receive back prepaid visa cards. The cards are your cash back rebate. In this instance, once again, you have gotten a rebate without adding to your debt.
There are many rebate and discount opportunities that are available to you as you are looking to save money. There is no need to use a cash back rewards credit card just to get those rebates. Avoid adding to your debt and look for other cash back opportunities.
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Scott Siegel author of Beat The Gas Pump 143 pages about saving gas and money at the pump. You can get $300 cash back for buying gas. Go to http://www.beatthegaspump.com. A better alternative to cash back rewards credit cards beatthegaspump.com. |
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