First Nation Bank Credit Cards

As the name implies, cash back credit cards reward your expenses with cash. The cash back amount you get is set to the percentage rate. How much money you can get, or you can have is unlimited. Cash back can be redeemed for your balance, credit card shopping portal, gift card or statement deposited in a bank account.                

Get cash directly

Cash back credit cards do not provide points and other credit card rewards, but instead, calculate the total value of monthly expenses and then return some of them in cash.

Sign-up bonus

Many cash back credit cards offer a unique sign-up bonus. This is very valuable for people who want to buy big-ticket items.

No limitations

Some credit cards have limitations about how you can get rewards points and redeem the points you earn. But cash back credit cards are more flexible.                

Credit score

Most cash back credit cards require a minimum of very good credits. So cash back credit cards are suitable for people with high credit scores. Don’t feel discouraged if you don’t get approved a cash back credit card, you can try to apply for a rewards credit card instead.

Application

You can apply for a store credit card online, in banks or by email depending on the card. And you just need to fill in your personal information and submit your application. The credit card issuer will consider your credit reports and several different factors when reviewing your application to get an idea of your creditworthiness.

Read your credit card terms and conditions.

This will give you an idea of how you can earn rewards, when rewards will post and other information.

Focus your spending

Because cash back credit cards with few limitations such as no cash back limit usually have a lower cash back rate. Therefore, concentrate your spending on a single card, instead of spacing your shopping across multiple cards, will help you to increase the cash back rate and get more cash back.

Don’t miss out your sign-up bonus

Remember when your sign-up bonus will expire and make sure you can meet the minimum spending requirement to qualify for the bonus, otherwise you maybe miss a few hundreds of dollars.

Plan and budget

Cash back credit cards return cardholders cash as rewards, but tend to have higher interest rates. If you carry a balance, your interest charge may be more than your rewards. Therefore, we recommend you to pay the bill in full on time in order to avoid paying high interest.