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December 13, 2018
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Credit cards like the HSBC Gold Visa Cash Back Credit Card come with tons of perks, including the cash backs. The cash back feature gives you a percentage of the amount that you spend on a purchase. The amount ranges from 1% to 5%. If you spend PHP 1000 using your credit card, you will get a cash back ranging from PHP 10 to PHP 50.

Sounds great, right? But still it doesn’t automatically mean the cash back card is the right one for you. Here are the factors to consider if you’re thinking of applying for one.

What type of purchase do you usually make with your card?

Cash back cards are best if you are the type who uses your card for daily purchases. You are one of those people who prefer swiping your card instead of carrying around cash. This means you use your card for essentials such as groceries and gas. With the cash back card such as the Citi Cash Back Card, each of your purchases will earn little rewards. With this in mind, you should choose a card that will give you the highest cash back rate there is.

How much do you usually spend on your card?

Some cards will not require you to spend a minimum amount for you to earn cash back rewards. There are some who will give you rewards no matter how little you spend in a month. This means you don’t have to spend too much just to get cash backs. No need to make senseless purchases just to be able to earn cash backs.

Can you pay your full balance every end of the month?

Paying your balance full at the end of the month is always a good idea, no matter what type of card you use. With the cash back card, you can fully enjoy the cash backs you get because you don’t have to pay interest rates that come with not settling your balance in full.

If you decide to avail of a cash back card, check out the HSBC Gold Visa Cash Back Credit Card. You only need a minimum monthly income of PHP 13,500 and should be at least 21 years old. Annual fee is PHP 2500, which is waived for the first year.  For supplementary cardholders, annual fee is PHP 1250.

When it comes to rebates, you get 0.5% cash back for utilities, shopping, and groceries. Dining spends will get you 5% cash back while fuel purchases will get you 10% rebate.

The card also features 0% instalment plan with flexible payment schemes of up to 36 months. Other convenient features include auto charge, mobile payments, and Secure Pay, which gives you added layer of security for your online shopping.

Using a cash back credit card is a sensible idea for frequent users of their credit cards. Why not take advantage of the rewards that they offer? Whether you’re a first-time card user or someone who wants to upgrade your card, consider getting one like HSBC Gold Visa Cash Back Credit Card and start enjoying the perks that rebates give.

Garth Gregory

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