Rewards programs that offer a cash rebate incentive typically award a specified percentage of charges back to account holders. A 1% cash back reward on all purchases is industry standard, with some cards offering 2%,3%, or even 5% back on certain purchases.
Glossary Terms: Cash Back
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- Interest Rates & Fees (28 Terms)
Last Update: July 11, 2016 - Credit Card Basics (10 Terms)
Last Update: September 25, 2013 - Reward Program (8 Terms)
Last Update: September 25, 2013 - Credit History (7 Terms)
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Last Update: September 25, 2013
Cash Back Credit Cards: Get Up to 20 Cents Back for Each Dollar Spent
04 May, 2015