Sears was the first company to start the idea of cash back credit cards. They basically offered these cards to make people to purchase their products and put on the credit using a lender. They called those cards as Discover Cards. Soon the concept was picked up by several other businesses and now you see many companies offering similar cards with different names.
If you adored this article so you would like to acquire more info with regards to 신용카드 현금화 kindly visit our own website.
You might be offered cash back every time you use these cards. Irrespective of what type of card you are using, you may be using prepaid card or even secured card you still receive cash every time you use it. People usually get carried away with marketing strategies. But they need to realize is they are being charged an interest on these cards.
You can actually asses the cost of such cards by carefully watching the particular APR%. If you notice you will realize that the APR% is 3 times higher than the money back that is being offered to you. The shoppers need to make sure that this is not the case irrespective of what type of card you are using.
You are never going to make more cash compared to what you are going to pay as APR% these are all just marketing gimmicks to lure you for taking their cards because they are basically in business to make money. They charge huge interest rates along with annual fees and past due fees. If you calculate the end of year you will notice that you actually compensated lot more than what you gained. Therefore it very important that you watch out carefully before applying for any such card.