Cashback credit cards easier to manage


Cash back credit cards easier to managerCashback credit cards are the most manageable products from providers offering incentives, say experts.

Jill Papworth, a personal finance journalist, wrote in the Guardian that credit card firms are increasingly putting forward rewards for cardholders.

Reward credit cards can be used in different ways, such as through earning redeemable points and straightforward cashback payments.

Points can be redeemed against various purchases like cars, flights or holidays, but Ms Papworth said they can be "tricky" to manage.

"Cashback cards are arguably the easiest to get to grips with," she explained. "They tell you what you'll earn as a percentage of your spending, they pay you the money in a lump sum once a year and they leave you free to spend the cash as you want."

A report in the Daily Telegraph suggested that requirements for cardholders differ and that cashback credit cards are ideal for "savvy spenders."ADNFCR-2308-ID-19440887-ADNFCR

Published: 4 November 2009