Deciding to apply for a credit card is an important decision.
Is a cash back card right for you?
Should you get a cash back credit card?
Can a cash back credit card work for you? If you can make the most of the features the card offers then yes. You need to look at the details of the credit card.
If you always pay back your credit card in full on time then perhaps a cash back card can work for you. Check the percentage rate that you'll be getting and when it starts, and what cut offs there are.
Some offer a higher rate for the first few thousand pounds, or some you have to spend a certain amount before you'll get anything back. You need to check this out carefully. If you don't understand what you'll be getting, then keep reading it and ask for help. If after having it explained you're still not sure, don't feel under pressure to apply for a credit card.
Some cards give you more points if you shop at certain places. If you
don't shop at these places and rates of cashback are very low then it
might not be worth getting the card.
Are there any fees? If you don't spend a certain amount then are you charged? Something to watch out for.
| American Express Platinum Cashback card |