A cashback credit card rewards customers with cash when they make eligible purchases, or when they sign up as an introductory offer. These incentives can help attract new customers, who may find cashback offers helpful for getting a little back on their spending.
The cash may be earned either directly from your spending, or indirectly via redeeming rewards points, depending on the issuer’s terms and conditions. You may be offered cashback as money in your account, gift cards, or even vouchers for spending at participating retailers.
Some credit card issuers may cap the dollar amount of cashbacks a cardholder may earn. You may also need to meet certain conditions to qualify for your cash back offer, including minimum spending limits each month.