Cash-back credit cards range from straightforward to complex, but each can be rewarding. Every time you use a cash-back credit card to make a qualifying purchase in store or online, it earns a percentage of the amount paid. That means if you spend $500 on a card that earns 1.5% cash back, you’ll earn $7.50 back in rewards.
The cash back is typically issued at the end of the statement period or billing cycle and you can redeem it as a deposit into a bank account, statement credit, check, gift card, and potentially other options, depending on the credit card.
Cash-back credit cards come in different forms.
