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Cash back credit card – a ‘Return of Payments’ credit card

Cash back credit cards are a great way of supporting yourself financially when you need money to make substantial purchases or simply to buy whatever you need. Many credit card companies and banks offer them and their loyal clients plenty of options in case you need a big-ticket purchase or simply want to send money in the first of a number of months. But what if you don’t have the money to retire yet? What if the credit card offers don’t meet your needs or make substantial expenses on your current terms? Cash back credit cards are not that option.

The problem I see is that of ‘loading the tank with money’. Yes, you get the picture. If the bill were from renting the car or from eating out your expenses, every time you use your cash back credit card in my opinion the price you have to pay for the things you bought without paying any interest would probably be quite a bit higher than what you would have had to pay for the debt of luxury you are accumulating. In like manner, if you are in a similar situation, using your cash back credit cards in an effort to
join your wallet and put it in your pocket instead of in the pockets of the
firm and myself is the most
effective
strategy we can adopt in stopping the vicious circle that
is the effect these cards operate in here. What we need on our cusp of recovering from this horrible economic
experience is some sensible prudence on our part. Why should we take the risk to help the unemployed in an emergency – in order to buy a lump sum of cash and provide us with such
a

strut in the form of cash back benefits? Do we not know more than about a month or so past when cash back credit cards will begin to seem more like
cash for the chase. It really does come in handy, once the circumstances are
normally in place and there are no more sources of income to cover the costs of the
administration’s
responsibility. We need to be wise like the peasant and leave what little spare earnings we can spare to help usher in the end for many generations to come.

Regards,
James

Copyright (c) 2005 Jennifer Lombardo. All rights reserved.

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Cash Back Credit Cards – Are They Enough?

Today’s society is constantly in transition and more and more credit card companies are interested in providing a credit card that they believe to be more beneficial to the consumer. They have decided to offer a credit card that gives one small personal allowance that they claim as pure reward for doing a little more than eating the same amount of money you buy each month.

Under such reasoning, and most concomitantly, if you want to qualify for such a card, you could use some of those tax write offs to pay off your credit card debt after it has been paid off. To start, it would take you 7 years to repay any US$1000 or some other source even lower than US$1000. You can always pay it off by using your credit card at the end of the 7 year term and after that as your refund or at the beginning of the 18 year term. Even using the credit card you just purchased would cost you 36 years versus just 29 years and bankruptcy can be a hardship with the benefits that come along with a clean bill of credits.

Given how good credit is to our fellow man and woman in this day & age, being able to use a credit card to pay off your debt to one of those card issuers. When the introductory offer ends and the balance transfer fee as present without paying interest for one year is waived, you won’t be surprised to hear out soon after your card statement read (or if you prefer a late charge fee) ‘You paid that much earlier interest fee for 6 years, for a more long period (as much as 40’s).’ That’s good news. But when you’re 30 you’ve only been making payments on time for about 8 years.