Cash Back Reward Shopping

Oct 01 2010 Published by admin under Rewards Cards



There are different types of reward credit cards available for shopping. These rewards come in the form of points, cash back, shopping rewards or travel rewards. Cash back rewards are the bonuses that you receive while doing shopping with your reward credit cards. The company has provided a feature, the more you use the reward cards the more benefits you will be receiving.

When you go shopping with reward cards you have to decide on whether you want the rewards in the form of points or cash back. If you go in for reward points, then you have to keep track of the points that you accumulate. You can exchange these points for airline tickets, show tickets and so on. Some people find it difficult to keep track of the points.

You need to be very careful with these types of points. Sometimes when you go in for redeeming your points it would have become outdated. There are always restrictions attached to the reward points. You have to keep track of the deadline or the last date for redemption of your reward points. Once it crosses the deadline, the points will become zero and you have to start from scratch to gain or accumulate your points. There could also be some redemption fees attached to the reward points. So you should be aware of all these points when making use of reward cards.

Cash back is another form of reward that is offered while shopping with these cards. Many people prefer the cash back rewards compared to the reward points as here you don’t need to keep track of your points. The cash back amount automatically gets credited into your savings account.

There are different types of reward cards. Special cards are available for students. Students can greatly benefit making use of the cards. But they should make sure that they make their payments in full within the stipulated time. Otherwise the service charges and the late fees will eat up the reward points earned. There are gas reward cards. Some particular reward cards can be used only with these particular purchases only. For example if you have a gas reward card then it will be more beneficial to use these reward cards only for purchase in the gas stations. The company also benefit by offering these cards in the sense that they are able to hold their customers. In this way their regular customers come back to make their purchases and thus increase their business.

You should always make sure that your reward cards do not have annual fees. If it does then whatever you earn as reward points will be cancelled with the annual fees. So it will not be of any benefit to you. Also you should keep an eye on the expiry date attached to these reward cards. It is very much important that you go through the rules and regulations before you go in for these cash back reward cards for shopping purpose.

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What is a Prepaid Credit Card

Oct 11 2009 Published by admin under Credit Card

prepaid credit card


bly see them all the time at gas stations or advertised as a solution for people with bad credit. Prepaid credit cards act just like a regular credit card, except unlike a normal credit card there is no line of credit behind the plastic.

They are also known as Pay as you go cards. With a prepaid credit card you have a fixed amount of money you can use. Since there is no line of credit, you don’t have to worry about paying back any debt.

Credit cards are practically a necessity of life these days. When was the last time that you wrote a check. I’d wager that most of us just write one or two checks a year these days and the rest is done by card. It’s almost impossible to rent a car, reserve a hotel room, or make a large purchase without a credit card. Many businesses now require customers to have a credit card on file even if paying with cash or check. What can you do if you have bad credit or no credit?

As we said earlier prepaid credit cards are also known as “pay as you go” cards. They work in a similar way to traditional credit cards. The difference is that prepaid credit cards don’t involve borrowing money from the issuer. You preload the card with money and then use it wherever Visa or Mastercard are accepted. Late fees and interest charges are not applicable. Simply refill the card when the balance is low or depleted.

A prepaid card is much like the gift cards available from most high street chains in the UK, however, prepaid cards have a much wider acceptance, and can be used internationally. They are the same as credit cards, but without the credit. The majority of UK prepaid card providers offer cards embossed with your own name, and some are even CHIP & PIN cards.

A prepaid card is not a credit facility, so you do not need to pass a credit check. Even if you have bad credit or CCJs you are guaranteed to be approved for a prepaid card. However, you are still required to provide details verifying your identity and address (for example a passport, driving licence or national identity card plus a utility bill or an official letter with your permanent or temporary address). Some of the prepaid card issuers will even verify your details online, and give you an instant approval. By the way this is correctly called an electronic identity check, not a credit check!

A prepaid credit card such as a Visa or prepaid Master card can be used like any other credit card to make purchases. With a prepaid card, however, you load funds onto your card and use that money to make purchases and get cash — you are not borrowing money from a bank or other financial institution. The prepaid credit cards look, feel and work like a credit card but are pre-funded “stored-value” cards. This allows you to set spending limits for you or your kids.

So there you have your answer. It is a pre-paid, reloadable card can be used anywhere Visa or MasterCard is accepted — at stores, gas stations, restaurants, theaters, in the mall and online. Making a hotel and rental car reservation is a snap. You can also access cash at ATM\’s. The card is great for everyday purchases, special occasions, and emergency backup.

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