Contributed by Melanie Vannuys
A cash back credit card is one that offers you, as a reward for using the card, a percentage of your purchases in cash back. Depending on the type of purchases, you can expect to earn from one to five percent. Sometimes this amount is applied right to your credit card balance, while some companies will send you a check periodically.
As a college student, this type of credit card may be helpful to you. Keeping in mind that not every purchase will qualify for cash back, most of the purchases a college student makes using a cash back credit card may fall under the "eligible" category. As a student, your card may offer you cash back on books, school supplies, gas for your car and even tuition!
And everyone knows that there are some months when college students have to decide whether to eat or do laundry with the little bit of money they have left over. Imagine how nice it would be to check your mailbox and find a check for $50? It may not sound like much - but $50 can buy a lot of pizza!
While you new parents might not be getting much sleep at night, there is a credit card that offers cash back for you - which might make those sleepless nights worth it.
MBNA Bank, in partnership with Baby Center, has developed a MasterCard fit for a king (or queen) of sleepless nights. We all want our children to have the most opportunities in life. That's the idea behind the Baby Center MasterCard. The company surveyed the parents who support baby center and then searched through the credit card companies that would give them what they want. The result - a more rewarding credit card.