Cash Back Rewards Credit Card Vs Other Rebate Opportunities
Is a cash back rewards credit card the only or the best way to get rebates or cash back for your purchases? That is a question that most people don’t consider before best cash discount program adding another credit card to their wallet.
When consumers think of cash back rewards, the first thing they think about is a credit card. This is because the credit companies have worked very hard to make them top of mind. They spend millions of dollars to convince you that one of the best ways to save money is to use their rewards card.
What most people don’t know is that there are other ways to get rebates on their purchases. Credit cards are not the only option.
There are cash rebate offers available in a variety of forms. In many instances if not most, they are a financially healthier alternative to reward credit cards.
The biggest drawback to using a cash back card is the fact that you have to create personal debt to use it. By its nature, a credit card requires you to owe money when you use it. One of the major problems in the current economy is the overwhelming debt that has been built up.
Using a card to get cash rewards is adding to your debt. What happens if you can’t pay your balance? Interest and fees will eat up your cash back bonus very fast. That is exactly what the credit card companies want to happen.
You can find programs that allow you to get rebates or cash back without going into greater debt. There are rebate programs available in many different forms. Some are actual rebates and others are huge discounts for prepaying.
One of the most popular of these cash discounts or prepaid opportunities can be found at restaurant.com. Here in essence you are prepaying for a rebate that is applied to your bill when you eat. For $10 you purchase a $25 certificate. When you eat at the restaurant you present the certificate and the $25 is immediately applied to your bill. You have received a $25 instant rebate. You did not have to go into debt to get it.
Another type of rebate available is a loyalty rebate. In this instance, you are rewarded by way of a rebate for using the same brand or the same store on a regular basis. The two most popular types of these rebates are gas and grocery.
This rebate program usually takes the form of registering the brand or store you wish to participate with and the