A lot of time (particularly with credit cards) when an offer seems too good to be true, it usually is.  In the case of the cash rebate card, however, that’s not necessarily the case.  The key is getting your just rewards is proper management of the cash rebate card.  If you’re one that typically carries a balance on your credit card, the interest rate you’ll pay can often mean that you’ll be paying more in interest than you are saving at the cash register.

 However, if you are willing to pay off your balance in full and on time each month, then the cash rebate card can be the same as carrying a generic coupon in your wallet.  Many cash rebate cards will offer bonus savings on select items or on purchases made at select retailers.  It’s good to take time to review all of the card options before making a final decision.  The Citi® Dividend Platinum Select® card for instance, lets you earn 5% cash back at gas stations, supermarkets and drug stores, convenience stores, and utilities including cable for 6 months and 2% thereafter as well as 1% cash back on all other purchases.  And, it comes with 0% APR on balance transfers for 12 months and no annual fee.  Other cards will offer similar reward incentives but you’ll want to pay close attention to the interest rates as some, depending on your credit score, can get quite high.

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