What is a cashback credit card?

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fruvens

Age: 2020
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A cashback credit card is a card that pays you back a percentage of what you spend. Typically, this ranges from 1% to 2%, though it can go as high as 6%. You may earn different percentages based on the types of purchases you make.
Despite their name, cashback credit cards don’t actually pay you in physical cash. Instead, you’ll get your cash back in other forms, such as electronic bank deposits.

How does credit card cash back work?When you use your credit card for an eligible purchase, you’ll earn a certain amount of cash back — that is, a cash rebate. Your earnings depend on the rates set by your card provider.
Cash back is expressed as a percentage. If your card offers 1% cash back, that means you’ll earn $1 in rewards for every $100 in purchases you make with your card.
Here’s a simple example: Let’s say your card offers 1% cash back on every purchase. You buy a laptop for $1,000. This means you’ll earn $1,000 x 1% = $10 in cash back.
What can I earn cash back on?If you have a cashback credit card, chances are it’ll offer at least 1% cash back on every purchase. This isn’t always the case, but it’s extremely common.
Some cards will offer different cashback percentages for different purchases, and this is where purchase categories come in. If you don’t want to worry about categories, consider a card that offers the same cash back on every purchase.
Why purchase categories matterIf you use your card to buy a plane ticket, you might classify that as a “travel” purchase. And if you use your card to pay for dinner, you might classify that as a “dining” purchase.
This is essentially what card networks do — they sort your purchases into categories. This is so your card issuer can offer you different cashback rates. For example, you might earn 3% cash back on travel and 4% cash back on dining.

Posted 03 Apr 2020

fuoos says
All the time I forgot to take advantage of Ebates, especially in a hurry during some discounts.
Recently, https://arrestyourdebt.com/ Ebates sent an email with a link to the Ebates toolbar - an addition to Firefox or Internet Explorer. Now when I go to the store’s website, where they give cash back, I’ll see what% of the back cache and when buying, just click on the button on the toolbar so that the store considers that I went through the Ebates. Those. you don’t need to go to the Ebates website before buying.
It’s a very convenient thing. Sometimes it is annoying when you do not plan to buy but simply look through.
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