What is “cash back” in regards to credit cards?

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Like when a card says it offers a percentage of cash back

Wth does that even mean? If I borrow 200$, then I pay back 200$ or more, so what is cash back?

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15 Answers

Anonymous 0 Comments

My Costco Citi card pays me 1-2k$ every year just for using the card to pay for something I would have bought with cash anyway, all the while getting $0 in credit card interest.

It’s free money, brought to you by the people who are not as responsible with their credit.

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