Refunds on the map Service cash back
Posted on Sep 17, 2000 08:15:27 AM
Recently, the credit card market there credit cards to the service Cash Back (refund). These credit cards allow you to return the portion of funds spent on the account. However, practice has shown that a refund can not even cover the cost of annual maintenance and various commissions, not to mention the promise of profit banks. To refund was indeed profitable for the consumer, experts advise to study tariffs for the use of such “plastic”.
Funds received through Cash Back (refund), you can spend at their discretion, and refunds do not require any additional effort from the credit card holder. Holders of credit cards just make ordinary purchases, getting paid for it in the form of bonuses.
But offer similar credit card from a service to its customers Cash Back until many banks. Issue credit cards with Cash Back service can not afford all the banks that own their own processing.
Certainly very tempting to get a refund of the money spent. Likely to gain profit from credit cards with the function of a refund, the experts advised to pay attention to several points.
First, on tariffs. For example, a return of 1% of purchases on the map to the service, Cash Back often turns into an increase in fees for using the card as compared to “normal” increases, the Commission for consideration of outstanding debt, said RB.ru Stanislav Volkov, an expert department of financial institutions ratings rating agency Expert RA “. Thus, if the client does not plan to actively use the card to the service, Cash Back, then any benefits it receives, but rather the contrary.
It must be remembered, and that the refund is likely to be less interest on the loan. Citibank’s interest rate is 24% -28% per annum and, for example, the rate on the cards Investsberbank – 36%.
Secondly, without significance level of service in the bank (the relevant information can be found on the internet). If the bank has little offices where you can make cash on the card, or they are inconvenient or difficult to reach the bank, it does not compensate for even a good rate on the loan.
It must be remembered, and that map to the service Cash Back banks are not very profitable, it is often not more than a marketing ploy designed to attract customers. Therefore, before deciding to make such a “favorable” credit card, you must be careful and first detailed look at the pros and cons of banking services.
agent, bank, commission, service,- Refunds for merchandise purchased by credit card
- Withdrawals from a locked card
- Types of bank cards
- Obtaining a debit card
- Choosing a credit card