![]() ![]() Credit card issuers and banks sometimes offer opportunities for earning cash back rewards in cycles or promotions. You can earn cash back rewards by using your credit card to make purchases, with many card issuers offering different rates of return depending on the category of your purchase (like dining and travel). Cash back rewards can be redeemed for credit card statement credit, for purchases through participating online retailers at checkout, for gift cards or discounts on services or travel. Typically, credit cards with this feature award cash back at a value of 1 cent. What are cash back rewards and how do they work?Ĭash back rewards are a type of reward points based on a percentage of purchases with your credit card in select categories, such as dining, department stores, grocery and travel. Here's some general information about cash back rewards and some things you should take into account when you're thinking of earning and redeeming them. Cash back rewards are usually earned when you make credit card purchases in select categories, like dining, travel, retail and gas. When redeemed, these cash back rewards could help offset some of your common expenses or provide you with perks such as discounts on travel or gift card redemption. Some credit card reward programs offer opportunities to earn cash back rewards. Here's how to get cash back rewards from credit cards ![]()
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