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Can You Get Cash Back with a Credit Card

Posted on March 16th, 2011 | admin

The answer to the question “Can you get cash back with a credit card?” is yes, you can get cash back from a credit card however to fully answer this question I need to discuss two issues, the first is if you want to withdraw cash at an ATM, you can do that and the second point about getting cash back with a credit card is there’s credit card offers you can apply for that give you cash back rewards.

First I have to talk about withdrawing cash at an ATM on your credit card, if you’re thinking about doing that, do not EVER withdraw cash at an ATM on your credit card because credit card companies have 2 interest rates they apply.

One of the interest rates is based on purchases and the second and MUCH higher interest rate is applied to cash withdrawals. When you make a purchase using your credit card the credit card issuer will charge interest after a certain grace period, meaning the interest does not take effect until a certain number of days after you’ve made your purchase so if you buy an item using your credit card today and then pay your balance in full then you won’t pay any interest however if you withdraw cash at an ATM machine the interest begins accruing at an astronomical interest rate immediately.

Best Card for Excellent Credit

Now let’s take a look at the best offer that give you cash back when you apply for these card offers.

Best Cash Back Credit Card for People with Excellent Credit

More Info Here

If you have an excellent credit rating you can take advantage of the Discover® More Card. With this card you earn rewards on all your credit card spending

Here’s what you get when you apply now for the Discover® More® Card credit card offer:

Discover® More® Card

  • 0% intro APR on purchases and balance transfers for 15 months, then the variable standard purchase APR of 11.99% – 20.99%*
  • 5% Cashback Bonus® in categories that change like travel, gas, groceries, restaurants, home improvement stores and more. Limitations apply*
  • Up to 20% Cashback Bonus at popular retailers when you shop online through Discover.com
  • Discover is ranked #1 in customer loyalty–15 years in a row! (2011 Brand Keys Customer Loyalty Engagement Index report)
  • 24/7 access to a U.S.-based Account Manager within 60 seconds
  • $0 Fraud Liability plus automatic mobile and email fraud alert options
  • Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
  • *Click apply to view rates, fees, rewards, limitations and other important information
  • Click Here to Apply

    Best Cash Back Credit Card for People with Less Than Perfect Credit

    Walmart MoneyCard

    More Info Here

    If you’re credit is less then perfect then you’re going likely not going to find a cash back credit card however there’s a prepaid debit card that gives cash back.

    The Walmart MoneyCard(SM) Visa® Prepaid Card offer is a debit card that works just like a regular credit card and the really cool thing is this is one of the only prepaid Visa card offers that actually gives you cash back rewards

    Walmart MoneyCard(SM) Visa® Prepaid Card

  • No issuance fee online
  • No credit check or bank account required
  • No overdraft fees
  • No minimum balance required
  • Free Direct Deposit
  • $10 bonus with qualifying Direct Deposit (for a limited time only)
  • Use everywhere Visa debit is accepted, including shop online, pay bills, get cash at ATMs
  • Get 1% cash back for gas purchases nationwide (see program rules for details)
  • Apply Online Now!

    If you need more answers to the question “can you get cash back with a credit card” feel free to ask your questions or if you’ve got another credit card with cash back rewards we’d love to here your thoughts so go ahead and submit your questions, comments and reviews on this blog and one our credit card experts will get back to you.

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