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?
In: 5
A percentage of your total spending each month turns into a cash back reward.
I get 3% cash back and each month I get around $20 which I apply to my credit card statement.
It’s a system designed to make you feel (slightly) better about spending too much with your credit card.
Latest Answers