Noun
cash-back (uncountable)
The retail facility whereby a customer may withdraw an amount of cash when making a purchase with a credit card or debit card, the amount being added to the bill.
Hassle-free, cash-back rewards usually get automatically applied to your balance by credit card issuers after one or two billing cycles and -- depending on your spending -- can put a lot of money back in your wallet. Source: Internet
These incremental cash-back balances accrue over time, then Rakuten sends me a “Big Fat Check” — which always feels like free money. Source: Internet
Chase offers perhaps the best-known cash-back credit card with rotating 5% categories — runs a similar program with two of its own cash back cards: Discover It and Discover More. Source: Internet
For example, if you have the highest status of Platinum Honors with Bank of America — which comes with a hefty $100,000 minimum account balance requirement, you can earn a 75% bonus on your cash-back rewards. Source: Internet
For example, some cards come with cash-back offers after you meet certain spending thresholds within a specific timeframe. Source: Internet
Here’s our advice: If you want a cash-back credit card, get one that will actually help you earn rewards. Source: Internet