Special Rebate Offers

Some credit card promotions include a special rebate on purchases. Such offers could be for 5% or more. However, it is important again to seek out and read the fine print. First make sure that the offer is for a cash rebate and not just some type of credit or points or miles, etc. Good ole fashion cash on the barrelhead so to speak is always best. Also there is most likely some type of limit on the amount of rebate cash you can get – a typical maximum is three hundred dollars in a given calendar year. Speaking of limits, check on how long the promotional period is and if you need to maintain some type of card balance to qualify. If you are seriously considering this type of card, then a requirement to maintain any kind of balance would almost certainly negate any advantage of obtaining cash rebates. This type of offer only makes sense for a card that you will maintain at zero balance.

While looking at especially high rebates such as 5%, 6% or even more, check for the duration of such rebates. They may only be for one or a couple of billing cycles. The “normal” rebate percentage may be much lower. It may turn out that a given card is no better than those you already have and thus there may be no real need to just acquire an additional credit card.

If you picked up a brochure at a place of business regarding a special credit card offer be sure to check for any applicable expiration dates. Unlike an offer that you receive in the mail or see in a daily newspaper, you don’t know how long these brochures have been lying around. While some of the offered incentives may still be in effect, others may not. It’s up to you to verify the current validity of such an offer.

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