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There are many different credit card commercials on TV that tout rewards programs. It seems as though each credit card promises to give you the best rewards program possible. Some offer double points on your purchases, the greatest amount of cash back, the most airline miles offered and more. These are some big promises, but with each credit card company seemingly making the same promise, it can seem almost impossible to sort through the options available. You may be wondering if the credit cards with the best rewards programs offer cash rewards.

The Best Rewards for You

It may seem difficult to imagine anyone being unhappy with a credit card that gives them cash back on their purchases. Some credit cards offer very specific types of rewards, such as merchandise or gift cards from a specific store. Others offer a far-reaching rewards program that lets you redeem your points for merchandise that ranges from fishing poles to fine dishes. Everyone, however, can use cash. So it does seem as though a cash back rewards program may be the best option. While you may be able to use some extra cash, as almost everyone could, this may not necessarily be the best option for you.

The Benefits vs the Cost

One thing to consider and review carefully with each rewards program you are researching is the benefits versus the cost. Each program will have some cost associated with it. Some programs have a flat annual fee. Others may charge you through your use of the card, such as with an annual fee on the card, a higher interest rate on purchases and so forth. In addition, how points are accrued may also vary. Some may offer you the ability to earn double points or to earn a higher level of rewards when points are redeemed. In addition, some rewards programs limit the number of points you can earn in a month. You may have grand dreams in mind of charging all of your regular purchases onto your card to earn points, but this may not be possible if your points are limited. In order to determine if cash reward programs are the best for you, be sure to read the fine print and compare all of the options available.

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13y ago

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