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.
"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."
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