Round the year there are different kinds of discount offers in the retail outlets or different brands on festive occasions, people wait for it and then there is a shopping spree. Imagine!!! Getting reward on purchases or a discount on every purchase you make. Yes that’s possible with the cash back credit card.
In most of the credit card you earn points as reward, another way of enjoying this benefit is to get cash back in cheque or a rebate on all your purchases. Cash back credit card helps you get the cash back, depending on the terms defined in the credit card.
Some of the cash back credit cards in the market are
Blue cash from American express
Discover More SM Card
Discover Motiva Card
If you plan your budget annually/monthly and want to purchase all by credit card, it’s a good deal to use the cash bank credit card. For the credit limit you are eligible to use, make the purchase, depending on the minimum annual/monthly amount described by bank, the issuer bank returns back a percentage of the total purchase ,you can map it to the concept of reducing tax liability or a getting tax refund. The issuing bank have defines
Membership/annual/No fees charged
Minimum amount to be spent over a period of time to avail this utility
Discount or cash back percentage on the amount spent, categories of purchase of retail, hospital, travel etc
These cards come with other offers as well like insurance etc