Paying with cash is becoming less popular by the day, as we use debit and credit cards to pay for everything from a hotel room to buying gum at the corner store. According to the New York Times, in 2010, for the first time in 30 years, no new $10 bills were printed by the U.S. Treasury, and the amount of $5 and $1 bills printed was much lower than previous years.
It is clear that paying with plastic is more convenient when it comes to making purchases, as you don’t have to stuff your wallet with cash when going out or worry about the cashier having enough change, but it goes even further than that. In this modern, hi-tech society that we live in, not owning a credit card limits us from doing many things that are crucial, such as getting a mortgage (since it requires you to have a credit history) and buying stuff online. You also won’t be able to use Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN) or iTunes! Without a credit card, you won’t have a line of credit either, which will limit the amount of money you can spend until you’ve received your paycheck.
Some people say that paper cash might eventually go extinct as credit and debit cards have become more widespread and popular in the last few years, and are being used to make all sorts of purchases and even greatly limiting those that don’t own one. In the US, the most popular types of credit cards are cash back credit cards and rewards credit cards. These cards give you cash back, reward points or airline miles which can be redeemed for hotel stays, airfare, merchandise and many more.
Here are some of the top credit card deals with irresistible signing bonuses for new sign-ups:
Chase Freedom – $100 Bonus Cash Back. This rewards card gives you $100 bonus cash back when you spend $500 in the first 3 months. Earn 5% cash back on rotating categories that change every 3 months (up to $1,500), and 1% cash back on all other purchases. No annual fee.
Blue Cash Everyday® Card from American Express. New cardholders will receive $50 Reward Dollars when they spend $1,000 in the first 3 months. When using this card, you will earn 3% cash back on purchases at U.S. stand-alone supermarkets, on the first $6,000 you spend, 1% cash back thereafter, 2% cash back on U.S. stand-alone gas station and select U.S. department store purchases, and 1% cash back on eligible purchases. You will also earn cash back when paying for your bills with this card. The cash back you can earn will be given to you in the form of Reward Dollars which you can redeem as a statement credit. Enjoy 0% APR on purchases and balance transfers for the first 15 months and 12.99%-21.99% variable APR thereafter. Pay no over the limit fee. No annual fee. Terms and limitations apply.