Credit card companies try to entice customers with special offers, including cash-back bonuses. Here’s how they work: When you make a qualifying purchase, you’ll earn a specific percentage of it back.
Some credit card providers will offer promotional cash-back deals. For example, if you use your card at gas stations or grocery stores, you’ll earn more. These providers are rewarding you for using your card more often.
It’s important to understand that credit card companies want to alter your spending behavior so you’ll use your card more for everyday expenses. While it’s true that the more you charge, the more you’ll earn back, this is only beneficial if you use the card to your advantage. Therefore, it’s crucial to keep this in mind before you use this type of card.
You can use GOBankingRates’ website to find the best offers and promotions from a wide variety of card providers.