The Rewarding Cash Cards

2007-03-08 10:33:40

( Financial )



The term cash cards is defined as a charge card, usually made of plastic and serves as an assurance that the person using it has a satisfactory credit rating and that payment for the merchandise or service availed will be delivered. Considered as the thing of the future, cash cards may soon replace the money in your wallet or the change in your pocket.

Cash cards provide convenience especially for international travelers. It is widely accepted at stores where international payment systems are in place. Cash cards eliminate the process of currency conversion. Made even popular by online commerce, cash cards offer safe, secure, convenient and anonymous way of paying electronically. Also, most cash cards have no annual fee or finance charge. Some even offer reward points for every dollar spent using the cash cards, which can be redeemed for applicable products or services. This is also the reason why the term cash cards can be interchanged with cash rewards cards.

You can use your cash cards when paying in the Internet, or when withdrawing cash at any ATM. You can also use your cash card when purchasing anywhere. The money will be deducted from your account balance.

Some cash cards have set spending or withdrawal limit per day or transaction. This is in order to protect you once your cash cards are stolen from you.

Many have considered cash cards or cash rewards cards the perfect holiday season gift for meticulous relative or friend. Since it is pre-loaded with your choice of amount, any recipient could freely choose what to do with the money: shop online, withdraw cash or maintain the cash rewards cards by adding more funds.

Merchants which accept automatic bill payment through cash cards or cash rewards cards are indeed growing, giving more and more reasons for you to sign up for one - if you still have not!


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