Cash Back Credit Cards Guide for Consumers

    /24-7PressRelease/ - November 09, 2006 - Cash back credit cards are credit cards that reward consumers with cash incentives for purchases made with the card. The majority of these cards offer cash back based on a certain percentage of the amount purchased with the card. This percentage, however, varies from card to card. In addition, many cash back credit cards ( http://www.creditcardassist.com/cashback/creditcards.html ) only reward certain types of purchases made with specific types of merchants. The many variances among cash back credit cards has caused many consumers to become overwhelmed and confused when it comes to selecting the cash back credit card that is right for them.

CreditCardAssist.com, owned and operated by Los Angeles-based Optimum Interactive, has recently re-launched a comprehensive guide to cash back credit cards on its site. The site has long been a valuable resource to consumers interested in learning more about how to best manage their credit card or who are looking to find a new card to add to their wallets. Now, CreditCardAssist.com has expanded its library of educational articles ( http://www.creditcardassist.com/articles.html ) to help guide consumers through finding the best cash back credit card to suit their lifestyle and how to get the most out of the card.

"Cash back credit cards have become extremely popular," said Rob Willard, Managing Director for Optimum Interactive. "Still, many consumers fail to realize the vast differences among these cards. While one might pay back 5% for gas purchases, another may only pay 1% for that same purchase. Similarly, the method used to pay consumers back can vary from card to card. One may simply credit the account, another might send out a check, and another may send the consumer a gift card. These differences are important to consumers and they need to know how to choose the cash back credit card that is going to earn them the most money in the most convenient way."

By visiting CreditCardAssist.com, consumers can compare various cash back credit cards side by side in order to find the one most suitable to the types of purchases they make. For example, some cards provide greater rewards when used to make purchase in restaurants, while others are more beneficial to those consumers that travel often or to those that make frequent purchases at home improvement stores.

"In addition to looking out for cash back credit cards that fit their lifestyle, consumers also need to be aware of the potential financial dangers of these cards," continued Willard. "On the surface, a cash back credit card sounds great. Who wouldn't want to get back 1-5% of a purchase? But, these cards often have much higher interest rates than cards that do not offer cash back incentives. So, for a consumer that carries a balance on the card from month to month, these cards can actually be quite costly. This is just one of the reasons behind our decision to add a comprehensive guide to cash back credit cards to our site."

Credit Card Assist.com ( http://www.creditcardassist.com/ ) offers a number of articles about selecting credit cards, how to get the most money back from a cash back credit card, as well as how to avoid losing money from a cash back credit card. It also provides detailed information about a number of different cash back credit cards, allowing consumers to do side-by-side comparisons of their own. To learn more, visit CreditCardAssist.com today.

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