Benefits of Credit Card Rebates

Most of the personal-finance articles I read discourage the use of credit cards. I think that credit cards are not the problem. Abuse and improper use of credit cards are the roots of the problem. My unpleasant experience on credit card debt in the past has made me vow never to maintain a credit card debt again. I made it a personal goal to regain all of the interest I paid to the bank.

Credit Card Rebates

Picking the Right Credit Card

I began looking for credit cards that offered rebates. I choose cards that offered rebates on groceries and fuel to maximize my rebates. Instead of using cash for my monthly expenditures, I used my credit card to earn rebates. I tracked my expenses and established a budget every month, which prevented me from overspending and making unplanned purchases. On top of my rebates, I also took advantage of promos and freebies.

Annual Fees

Many credit card users will probably argue that my rebates equal the annual fees of my credit card. You can request the bank to waive your credit card yearly fee provided you pay your bills on time and reach the minimum amount for waiver of annual fees. A year into using my rebates credit card, I accumulated rebates equal to a month's worth of grocery and fuel. I am earning money for items I regularly purchase.

Before applying for a credit card you might want to read: Avoid credit card debt at all cost.