Monday, 23 November 2020

VIDEO: Tool helps you find best cashback rewards credit card

VIDEO: Tool helps you find best cashback rewards credit card
29 Aug
2:12

CAN BETTER TAKE CARE OF THEMSELVES >> Ursula: NOW TO YOUR MONEY, SPECIFICALLY YOUR PLASTIC

CASH BACK REWARD CARDS ARE SUPER POPULAR BUT WITH SO MANY CARDS OUT THERE THEY HAVE SO MANY RULES AND YOU MAY NOT BE GETTING AS MUCH MONEY AS YOU COULD CONSUMER REPORTER MARILYN MORITZ TELLS US ABOUT AN ONLINE TOOL THAT MAKES IT EASY TO FIND THE BEST CASHBACK CARDS >> Reporter: AFTER TEDIOUS RESEARCH, AUDREY FOUND THREE CASH BACK REWARD CARDS THAT SHE JUGGLES TO GET THE MOST BENEFIT ONE IS FOR GAS, ANOTHER FOR GROCERIES, AND A THIRD GAVE HER A GREAT SIGN UP BOW THUS >> WHEN YOU'RE ON A BUDGET IT HELPS TO SAVE WHEN YOU CAN

>> Reporter: MIKE SAID THEY CAN BE A VERY GOOD DEAL >> IT'S LIKE FOUND MONEY, DEPENDING ON YOUR PARTICULAR SPENDING SCENARIO YOU COULD SAVE HUNDREDS OF DOLLARS EACH YEAR, EVEN THOUSANDS >> Reporter: WHAT ARE THE BEST ONES FOR THE AVERAGE AMERICAN HOUSEHOLD? IF YOU USE THE AMERICAN EXPRESS BLUE CASH PREFERRED CARD FOR THREE YEARS, HE SAYS THAT'S YOUR BEST BET IT PAYS 6% ON GROCERIES FOR THE FIRST $6,000 YOU SPEND A YEAR, 3% ON GAS, 1% ON EVERYTHING ELSE IT DOES CHARGE AN ANNUAL FEE BUT IT CAN SAVE THE AVERA HOUSEHOLD $1300

TWO RUNNE UP, CITY DOUBLE CASH AND THE VISA SIGNATURE EACH PAYS 2% ON PURCHASES WITH NO FEE AND SAVES THE AVERAGE FAMILY ABOUT $1200 IN THE FIRST THREE YEARS HE CREATED A FREE ONLINE TOOL TO HELP YOU FIND THE RIGHT CARD FOR YOUR SPENDING PATTERNS JUST ENTER YOUR MONTHLY SPENDING FOR GAS, RESTAURANTS, ETC AND UP POP YOUR BEST CARDS

BUT KEEP IN MIND IF YOU DON'T PAY THE CARD OFF EVERY MONTH YOUR REWARDS CAN BE WIPED OUT BY INTEREST CHARGES MARILYN MORITZ, KSAT 12 NEWS >> Ursula: NOW WE HAVE PUT A LINK TO THAT ONLINE TOOL ON KSATCOM

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