""A cashback credit card is a credit card that counts up how much money you have charged to it, and pays you a percentage of that spending back in cash.""
""The right cash back credit card can earn you hundreds, or thousands of dollars a year for free. Our top pick pays up to 5% cash back, a $200 bonus on top, and $0 annual fee.""
Cash-back credit cards provide consumers with a percentage of their spending back in cash, typically starting at 1.5%. With increased competition, many cards now offer higher rates, including up to 5% cash back on certain purchases. Reward options vary, such as applying credits to bills or redeeming as checks. Choosing the right cash-back card can result in significant savings annually. Prospective cardholders should weigh the benefits against any potential fees to determine if it suits their financial situation.
Read at 24/7 Wall St.
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