This interesting calculator cash back credit card calculatorhelps you locate cash back credit cards. Now, I’m not a proponent of credit cards. In fact, I feel that they should be avoided, but I do think that the tool is fun to play with. If you have a business and absolutely must use a credit card or several credit cards, the site may be helpful to you. You simply list your yearly expenses on the site. The expenses include drugstore, grocery, gas, travel, utilities, dining, and cable. The site gives you the supposedly best credit card deal. I have to admit, that the site is easy to use, but don’t be tempted to go out and get a credit card for all of your personal expenses or to help you catch up if you are already behind on your payments. Remember, you are trying to eliminate debt, by paying off what you have. It’s not a good idea to get a credit card to help you get out of a hole, even if there are no fees and a rebate, to use whatever rebate they are offering to pay off your debt. Chances are, if you miss a payment or do not have enough money in a month to make a minimum, you will probably end up paying for it. That’s how they catch you! When I used the calculator, it recommended that use the Blue Cash for Business Credit Card for a $183 rebate. Hmmm, interesting. Like I said, the site is fun to play with, but if you sincerely want to eliminate debt, you should only spend what you have, cut expenses, avoid the credit card trap, and try to earn more money.
Posted by Claudine in Make Money at Home