Here's Another Example of "Rewards" And "Cash Back" Bonuses That Hurt.
Your card offers "rewards points." Spend money and they reward you.
- You charge a lot to get the promised rewards.
- You can't afford to pay the total credit card bill off.
- Your "rewards" cost you a ton in interest.
So, do "Rewards" And "Cash Back" promotions ever really work?
They do.
- You can at times save money because of them.
- If you're very careful, you can save small amounts of money many times.
- If you're lucky and careful, you might save a lot of money.
The key: Read the fine print, and don't choose a card solely for its rewards program.