One of the very first perks that came out of credit cards was cash-back: for every dollar you spend you have the opportunity to earn a percentage of your money back in a bank deposit, or as monthly credit to pay off your credit card bills.
While cash-back certainly is a good incentive many customers don’t choose credit cards with this particular perk as much as they choose cards with other options. Cash-back sounds like a bargain initially. As credit card users often have specific interests, however, they tend to go after credit cards that offer the perks specific to their needs, and pay off at a better rate in comparison to cash-back.
Certain credit cards have actually countered the decrease in cash-back rewards by utilizing a cash-back value in points. These points can often be utilized with other cards, or instead redeemed for specific items..
At this point in time, credit cards with cash-back options have a good following, most especially for customers who prefer keeping life as easy as possible.