I’m researching to open my first proper card and still confused about how cash back works.
Say you buy a burger and get 2% cash back. Does it apply a 2% discount to the burger? Or do I earn 2% of the burger’s price?
Where does the money for the cash back come from? Does the cash back affect credit score?
In: Economics
The credit card I use gives me back 1.5% on all purchases.
They offer to credit my account monthly or send me a check.
Another option they offer is to link this program to my Amazon account (which is what I do).
I can then choose to apply some or all of the cashback at checkout.
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