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
Also good to note that if you pay off your balance every month, rewards CCs are free money. Put my gas purchase on my CC and I get 3% back- Not enough to offset inflation, but that’s $1.50 every time I spend $50 on gas, which is more than I’d have otherwise.
This is very contingent on not carrying a balance, ever. But if you’re responsible, you’ll get some amounts of free money on things you were already gonna buy anyways.
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