Whats cash back on a credit card

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Some people spend a lot your bonus purchase categories to be eligible for the higher.

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How Do Cash Back Credit Cards Work? - Credit Intel by American Express
Cashback is a way of earning money back on purchases you make with a credit card. Learn more about what is cashback and how does it work. It's a credit card benefit that refunds the cardholder a small percentage of the amount spent on each purchase above a certain dollar threshold. All cash back credit cards let you redeem your rewards for cash, often via a check, statement credit or bank transfer.

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They are usually presented to the cardholder on the monthly credit card statement. A more common flat-rate amount is 1. Cash back rewards are stored in your credit card account until you redeem them for things like discounted shopping, a statement credit or a gift card. How to earn cash back on your credit cards You can earn cash back on your credit cards by signing up for a cash back card, making purchases to accrue rewards, and redeeming the rewards through your card issuer. In order to activate cashback, you first have to make sure your credit or debit card offers cashback.