Cash Back Credit Cards

[Paul Allen]

I seem to be getting quite a few offers recently from banks offering me credit cards with initial cash back bonuses.  Spend $4,500 in the first 90 days and get a $500 cashback bonus.  Spend $500 in the first 90 days and get a $200 cashback bonus.

No annual fees, no additional charges that I can see.

Are others getting these offers? Are you taking advantage of them? What is stimulating the banks to start making these offers? (Or did they just suddenly find me for some reason?)

[Jeremy M.]

@Paul Allen I get a ton of these offers. I also have, use and manage a lot of cards. There's a simple rule of thumb...don't spend money that you wouldn't spend anyways, pay them off in full every month and benefit from what they want to give you. I see many people freaking out about the interest rates on cards. If you're concerned about the interest rates, you probably shouldn't be using them. Just my .02