Most people use 신용카드현금화 to purchase things or even get a cash advance. A credit card can be good but one should know how to use or handle it. This is in order not to accumulate a big amount of debt you have to pay at the end.
Cash rebate credit cards have become the latest trend. The basic reason is that cards together with cash incentives offer the interest candidates’ rebates at the time you make a purchase using your card instead of cash.
The cause is that majority of the people using cash to purchase will use their credit card instead because of the cash rebate that they thought is good for them.
Many companies or agencies offer cash rebate cards to people and most of the people grab it as what they think it’s an opportunity for them to have but without any idea how they work.
First and foremost, a credit card is a business wherein you use it to purchase anything you want to buy, such as appliances, things, clothes, furniture and etc., or even use it to purchase insurance.
Not knowing that these cash rebate credit cards have a higher interest rate and higher fees. The credit company hits the people with their higher rates on their credit purchases which made their cards with cash rebates.
The truth is that the manner by which your payments are applied is something you should also be aware of since you are to pay the minimum amount required and not knowing that the payment you pay will only satisfy the interest portion of your cards with rebate purchases.
That means the great part of your credit obligation is still represented by the principal amount and still earning interest for as long as it is carried in your account or as an outstanding balance. Not all you purchase through your cards have cash rebates, only some particular purchase.
In short, your minimum payments only reduced the interest portion of your outstanding balance and the credit purchase made using your cards with rebates is still earning the annual percentage rate cost on your account and through this, you are no longer entitled to a rebate since there is no direct reference to the fact that what is being refunded to you is the interest added to your purchases.
So before getting this type of card, you need to know how it works and does it bring good to your financial needs. Companies that offer this kind of credit cards will not divulge everything the consumer has to know, that’s where they get their profit through the interest rates.
Most cardholder having cash rebate credit cards often encourage to pay more than the minimum required payment but instead have to settle every purchase in the shortest time as possible to lessen their annual percentage rate interest that eats into their monthly payment.