{"id":1120,"date":"2017-06-05T06:00:17","date_gmt":"2017-06-05T05:00:17","guid":{"rendered":"http:\/\/www.davidwithington.com\/blog\/?p=1120"},"modified":"2017-06-03T15:35:34","modified_gmt":"2017-06-03T14:35:34","slug":"cash-back-credit-cards-versus-zero-interest","status":"publish","type":"post","link":"https:\/\/davidwithington.com\/cash-back-credit-cards-versus-zero-interest\/","title":{"rendered":"Cash Back Credit Cards versus Zero Interest"},"content":{"rendered":"

\"Compare<\/a><\/h2>\n

Zero percent interest on your credit card?<\/span><\/h2>\n

Or cashback on everything you spend with a credit card?<\/span><\/h2>\n

Which is better?<\/span><\/h2>\n

I know which I’d prefer.<\/span><\/p>\n

I’d prefer to receive 1% cashback on everything I spend – rather than accumulate debt on a credit card which I’ll have to pay off eventually or get charged a huge interest rate.<\/span><\/p>\n

Now I can hear those financially savvy people shouting at me…<\/span><\/p>\n

Yes, but we can get some interest on our savings at the bank while we’re enjoying the 0% on the credit card.<\/span><\/p><\/blockquote>\n

I’ll give you that.<\/span><\/p>\n

But how many savings accounts are paying a decent interest rate on instant access savings, nowadays?<\/span><\/p>\n

\"Using<\/a>
Using credit cards to move debt?<\/figcaption><\/figure>\n

Large Debt?<\/span><\/h2>\n

Perhaps you have a large debt, and you need to keep moving it from one credit card to another.<\/span><\/p>\n

In that case, maybe you’ve decided that a 0% card can work for you while you work on reducing your debt.<\/span><\/p>\n

After all, it’s important to keep interest rates as low as possible.<\/span><\/p>\n

0% credit cards vs cash back<\/span><\/h2>\n

But if you’ve no debt and you simply want to make your money go further…<\/span><\/p>\n

Which sort of card is better?<\/span><\/p>\n

Well, you already know my preference.<\/span><\/p>\n

Here it is again in 3 steps:<\/span><\/p>\n