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Well if you find yourself looking for a great cash back rewards credit card you're probably asking yourself where -- they -- go out.
Our next guest says card issuers aren't offering as much as they used to joining me now Greg McBride senior financial analyst for Bankrate dot com Greg welcome back the show.
Wouldn't you study fine.
But interestingly enough Gerri what we found is that.
-- in particular introductory bonuses those bonuses are really tend to catch everybody's dying get him to sign up for the card.
Although there are more of them than what we saw a year ago they're not as generous big change there.
Now in terms of demonic cash back you get on every day spending that's an area where we didn't see a whole lot of movement.
But those introductory bonuses.
That was it was really down shifted from what we saw a year ago she'd be enticed -- cornerback Terry -- or should you stay away in your view.
Well look -- I think they're attractive provided that you -- that cardinal rule always pay your balance in full every month and being pretty disciplined about your spending but look.
I'd like that introductory bonus because it's a good way to put some cash into your pocket pretty easy.
Especially if you're expecting a flurry of expenses like for example let's say in the next two months you're gonna not only play on a vacation but take it.
-- -- incur a lot of expenses for air airplane tickets hotels meals park in the -- the airport you name it.
That's a pretty easy way to meet that spending threshold and bank that introductory -- So are -- -- making it harder to get these bonuses.
That's certainly not getting any easier outside of that now we saw what -- one of two different flavors here Gerri what we saw was that.
Either relative to a year ago to get the same bonus you -- to spend more than you would have had to if you sign up for the card a year ago.
Or for the same level of spending you -- less attractive bonus than what you would have gotten a year ago so -- they were clearly.
Down shifted from what we -- your golf now on the plus side we didn't see more cards offering introductory bonuses.
Some instances -- cards it didn't have one last year now do so more of them but again I wouldn't say that it's any easier to get.
So we look for when you're signing of -- guideline keeping in mind that our viewers.
They're not necessarily fans of credit cards -- -- -- you is hey -- you can get from these companies because record they're giving it feeds everywhere else.
Well well look if you pay your balance in full every month the from money that you're gonna spend -- right.
But again the cardinal -- you gotta -- -- bounce -- full yeah I think keep in mind if you're not a big spender maybe you're retired your expenses are lauer you live in a rural area.
We're not a lot of people accept credit cards in that case I'd stay with some cards and have an annual fee simply because you're probably not gonna spend enough to earn it back.
That's a good idea like that tell us the big money question -- had the best rewards programs.
Well there's not a one size fits all answer here but I'll say a couple of things one is that.
1% cash back is really continues to be the baseline.
On what you're gonna her mind -- your cash back but did see some cards.
They offer more than 1% cash back on all understanding.
From the very first dollar spending so -- look towards those areas the other thing is about half the cards we surveyed have category bonuses were talking.
2% back on groceries 3% back on gasoline.
This is where depending on how you spend money where you spend it.
You can really it's Taylor that it could find the car -- -- -- New Year's spending patterns she can squeeze the most value out of it is possible I like squeezing value out I think that's a that's a good solution Greg thanks for coming in appreciate your time.
Thanks so much here.
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