| How good would it feel if every time you | | | | will receive £30 for the first three |
| spent money you got some back? Well that's | | | | months then £15 for every other month. |
| what most credit card companies are offering | | | | Other credit card companies getting in on the |
| you at the moment, as the big credit card | | | | act include Halifax, Egg, Stanley Morgan and |
| company's battle out the customers can only | | | | Alliance and Leicester they all offer Cash |
| benefit, most credit card companies offer an | | | | Back, at a typical rate of 0.5% -1% the only |
| incentive when you open an account, including | | | | requirement is you spend a certain amount |
| 0% on balances and purchases for the first 6 | | | | throughout the year. The only think to watch |
| or 9 months, which is great but know they are | | | | out for is make sure you pay off your balance |
| offering Cash Back. Cash Back works by | | | | when you receive your statement, if you don't |
| offering customers money back (typical rate | | | | you will lose all the Cash Back money that |
| of 0.5% -1%) every time they make a purchase | | | | you have earned, and you'll be charge more |
| using their credit card, this money is | | | | interest and end up paying back a lot more, |
| usually put into your account at the end of | | | | so you really have to watch that what you're |
| every month, how good will that make you feel | | | | spending every month you can cover. As with |
| knowing every time you bring your plastic | | | | all credit cards when you're applying for one |
| friend out he is making you money. There are | | | | make sure you read it carefully, I know we |
| some great offers by credit card companies | | | | always look for the great benefits that they |
| including American Express Blue Credit Card, | | | | offer us, but remember a lot of these offers |
| they have a great introductory offer of 2% | | | | only last for an introductory period, so make |
| cash back for the first three months, then | | | | sure you check the interest rate as after the |
| the rate reduces to 1% this is a great offer | | | | first 6 or 9 months you could see it jumping |
| from American Express, you could really cash | | | | up dramatically, so what could have started |
| in with this offer. A typical example with | | | | out as a great offer turns out to be a |
| American Express Blue credit card, say you | | | | nightmare, and leave you in debt for years. |
| spend £1,500 a month with cash back you | | | | |