What are cashback credit cards and how do they work?
Cashback credit cards offer a percentage of your purchases back as cash rewards. They work by giving you a rebate on your spending.
What percentage of cashback can I earn?
Typically, cashback rates range from 1% to 5%, depending on the card and the category of spending.
Are there any fees associated with cashback credit cards?
Yes, some cashback cards may have annual fees, but many offer no annual fee options. It's important to read the terms.
How can I maximize my cashback rewards?
To maximize rewards, use your card for everyday purchases, pay off your balance in full, and take advantage of bonus categories.
Can I redeem my cashback rewards for anything?
Yes, cashback can usually be redeemed for statement credits, gift cards, or direct deposits into your bank account.
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