Credit Card Review Blog

Not To Mention The Cash Back

Credit cards are everywhere. When was the last time you went someplace and couldn’t use your credit card because the vendor didn’t accept credit cards? It has probably been a while.

The Chase Freedom cash back credit card is gaining momentum across the country. Why?

The Chase Freedom:
-offers 3% cash back on gas, department store and home improvement purchases
-offers 1% cash back on all other purchases
-give you $50 after you make your first purchase
-offers 0% APR
-comes with No Annual Fee

Let’s focus on the last two points.

-0% APR. What exactly does 0% APR mean? It means that you will never pay interest on your credit card. Even if you use your card responsibly, it is smart to only use zero percent interest credit cards. There will come a time in all of our lives that we run into hard times. What if you had your entire world come crashing down and you had to supplement with a 25% APR credit card? Even when you got back on your feet, your feet would be swept from under you because you would have to pay 25% interest compounded monthly from all of your purchases. It is just smart to stick with a 0% cash back credit card because you never know when hard times are going to strike.

-No annual fee. It’s quite sad when people sign up for a cash back credit card and have to pay an annual fee. What point is there to earning cash back? Virtually all of the cash back you will earn for the entire year, or at least a good portion of it, will have to go towards paying your annual fee. It just doesn’t make sense. If you want your cash back credit card to really work for you, you need to choose one without an annual fee. Be cautious with the cash back cards that require no annual fee for the first year. After you have had your card for a year, those annual fees will start sucking your earned cash back from you.

The Chase Freedom credit card offers you everything you need. No annual fee and 0% APR, not to mention all of the cash back you will earn.