How Cash Back Credit Cards Work

Do you have a cash back credit card in your wallet? If not, reconsider the card you're currently carrying!

A cash back credit card gives you back a percentage of the charges you make monthly, essentially paying you to shop as you normally would. And if you're someone who uses the same one or two cards for every purchase, having a cash back card on hand could reap big rewards.

Here's everything we know about the many advantages of carrying a card that gives you cash back rewards, along with tips on how to get the most out of it.

How do I get a cash back credit card from UCU?

Scoring a card that pays you cash back is as simple as finding the card that sounds like it fits your buying patterns and then applying. You'll have a better chance of obtaining your dream card if you have a favorable credit score.

Opt for a card that's going to give you cash back for things you already do, such as buying gas, buying groceries or eating out. If you apply for a card that gives you cash back on airline travel, for instance, and you're someone who infrequently flies, you won't get the most advantage from your card.

UCU's cash back credit card provides unlimited cash rewards for every purchase made. Simply apply online, in person, or over the phone.

What kind of cash back credit cards are out there?

Cash back credit cards offer cash rewards for qualified purchases, which may include:

• Buying groceries
• Using ride-share services
• Eating at local restaurants
• Shopping online
• Ordering food in
• Traveling
• All purchases

The cash back credit card from UCU rewards you for every purchase you make, and deposits cash into your checking account monthly for easy use. Get rewarded for making the daily transactions you already make and earn bigger rewards over time.

How much cash will I get back with UCU?

Cash back cards offer a percentage back of the amount you charge monthly. The UCU cash back card offers higher rewards for an introductory period which gives you a huge bonus in your first few months.

If you charge a total of $500 in qualifying purchases on your card in one month, your cash back on a 1.5%* card would be $7.50. On a 3% card, it would be $15. Cash back rewards can add up quickly, especially for those who use credit almost exclusively.

The cash back credit card from UCU offers 3% cash back on purchases during the introductory period of six months or $10,000, whichever comes first, and 1.5% afterward.

Are cash back credit cards more expensive?

Cash back cards aren't any more expensive to carry than other cards. UCU charges no annual or foreign transaction fees, and our interest rates are often much lower than alternatives.

Read the application thoroughly so you'll have an idea of how much the lender charges in monthly interest. Or, pay your credit card in full each month to avoid accruing interest fees altogether.

Make payments on time and pay more than the minimum each month to boost your credit rating while enjoying hard cash rewards.

How many cash back credit cards should I carry?

Your best option is always simplification. Pick a single cash back credit card that offers the best rewards on the goods and services you frequently use.

If you split your purchases between multiple cards, you'll earn less in rewards each month. With cash back cards, fewer is better. It also saves you on interest charges if you only use one cash back card. Prevent yourself from becoming over-extended or carrying a debt-to-credit ratio that negatively affects your credit score.

Apply for UCU's cash back credit card today

With no annual fees and unlimited rewards, the UCU cash back credit card is a great addition to your wallet.
 

More About Our Cash Back Credit Car

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