Cashback
The cash-back credit card was made famous in the United States by Discover, and the principle was very simple: you use the card and get 1% of your purchases rebated in the form of cashback. Nowadays, the concept has evolved and matured.
Some cards might offer 2%, 3%, or even as much as 6% on a range of specific purchases, even if these lucrative offers require quarterly or even annual spending caps. The best ones are those that will charge you minimal fees and interest, while also offering a higher rewards rate.
There are also some cards, such as the Fidelity Rewards card, that offer a high 2% rate of cashback reward on all of your spending, but you have to deposit your cash right into a Fidelity investment account.
Those are really helpful tips that I already knew and instill in my children.
I agree with the credit card usage advice this article provided except with the use of a VISA credit card. I am a senior citizen that used my Nordstrom’s VISA credit card for Pauley’s Movers in Baltimore, MD. When I complained about the overcharges and services of the movers, Nordstrom agreed with my complaint and directed me on properly filing my complaint to VISA. VISA declined all the evidence I provided. I would not recommend VISA to anyone. I am no longer a VISA customer. Unfortunately, I found out too late many other negative reviews online about this moving company and, I’m extremely disappointed in VISA response and actions.
J
Very helpful, but I may talk face-to-face with my banker to clarify what’s best for me as a senior.