Learn About Cashback Cards
A cashback card has been designed in such a way that it will return a part of the spendings to the customer. This implies that the cashback card will work just like the ordinary credit card and it will allow one to do almost everything though they will have one difference which is that the cashback card will put back to the cardholder’s wallet some of the money that they have spent. In many cases, the cashback will be paid annually though you are going to see that there are some providers who are offering them on a monthly basis. Even though at the start only spending on the purchase of certain products could earn you cash back, nowadays almost purchase on everything will offer you with cash back. Most of the cashback cards will credit the amount that you have earned on your statement and this will reduce the bill on your Citi cashback card Singapore. There are some credit cards which will send the cash back to a bank account and this will help you to spend on it or they can let you to covert the amount to point or vouchers. In case you have some reward points, then you can exchange them at any point after you have qualified for a reward.
There are various forms of cashback cards will come in various forms. There are some cashback cards who will simply pay a flat rate for the cashback and this doesn’t matter the amount of money that you have spent or even where you have spent it. There are some other card providers who will pay for the tiered rates of this cashback depending on the amount of money that you have spent. The third group of a cardholder who will offer cashback benefits in a different form are those who will provide different rates and this will depend on where you will spend the money. Discover more on this link: https://www.enjoycompare.com/credit-cards/citi/.
In case you pay all your credit card bill in full and every month, then you will need to get a cashback credit card as they will be a great idea since you will be getting rewarded for spending the money which you have spent. In case you don’t pay your credit card bill in full, then it will not be a good idea for you to take the cashback card.
You will need to take into account a couple of things when you are deciding on whether to take a cashback card or not. The first thing that you ought to consider will be your habits of spending. Click here to learn more: https://www.huffingtonpost.com/entry/6-benefits-of-having-a-good-credit-score_us_579240fce4b0a86259d12908.