How Can Businesses Take Advantage of Cash Back Credit Cards?
Credit cards are definitely a quick, safe and easy way to pay for your purchases. Most credit cards also extend an interest-free time, which is the period when you don’t have to pay the interest charges if you clear your balance by the due date. With the cash-back credit cards, you can take advantage of this benefit every time you use your cards for any sort of purchases. The key is finding the right cash back rewards cards, some programs offer 1%, some offer 1.5% and some offer higher percentages for special purchase categories.
What Exactly Is a Cash Back Credit Card?
Cash-back credit cards function just like any other credit card. They work by offering you access to a pre-arranged amount of credit. Essentially, you borrow money every time you make payment for the purchase by your credit card. Cash-back credit card also ensures a cash reward every time you make purchases through your card.
These cards offer you extremely competitive rates of cash back with no limit on your every year’s earning. You can also consider applying for supplementary cards for your partner or a relative and all their spending would be counted in your cash back total. Few cash back credit cards also extend the option of preferred seating by which you can reserve some of the hottest tickets, which are exclusively for card members. You can book tickets for any show or dining that you would want to enjoy with the help of cash back credit cards.
Key Benefits of the Cash-Back Credit Cards
Now let’s take a look at the various benefits offered by such cards…
1) Highly Competitive Cash Back Rates on Almost Anything You Buy
The cash back credit cards offer great cash back returns on your purchase through your card. You can make use of your card to buy almost anything right from household necessities to a movie ticket with guaranteed cash back.
2) Purchase Protection
When you purchase something using your card and if it’s stolen or broken, it shouldn’t be a problem at all. If you use your card for eligible purchases, your goods can be protected from accidental damage or theft up to a time period of 90 days right from the moment you buy them.
3) 24×7 Customer Service
Customer support will be at your service 24×7. You can contact them through phone, text or even an email and the people on the other line will give their best to resolve your problem and objection.
4) Card Protection and Security
Cash back credit cards offer chip and PIN technology and all the transaction processed will be through their own secure system so as to minimize the risk of fraud. They extend online fraud protection. These cards are reliable and trustworthy. They extend an early detection system to monitor the potentially fraudulent activities through your card and the fraud protection ensures that you don’t suffer in case of a fraud; it also makes sure that you take reasonable care of your cards without being liable to the costs linked to the fraudulent activities.
All the aforementioned benefits make such cards suitable for business owners, professionals, and individual users alike.
This article was written by Steven Moore, who has been covering consumer finance and the credit card markets since 2006. You can learn more and connect at his Google+ page.