We provide cardholders with a percentage of their spending back as cash rewards.Features and benefits typically associated with these cards;

• Cashback Percentage: These cards offer a certain percentage of cashback on eligible purchases. For example, a card might provide 1% cashback on all purchases, while some categories like groceries or gas might earn higher cashback rates, such as 2% or 3%.


• Reward Redemption: The cashback rewards earned accumulate either as a credit to the cardholder's account or as a direct deposit into a linked bank account. Some cards may also offer redemption options such as statement credits, gift cards, or merchandise.


• Spending Categories: Some cashback cards may have rotating categories that offer higher cashback rates for a limited time. For instance, a card might offer 5% cashback on purchases at grocery stores for a quarter, then switch to 5% cashback on purchases at gas stations the next quarter.


• Annual Fee and Interest Rates: While some cashback cards may come with no annual fee, others might have an annual fee, especially those offering higher cashback rates or additional perks. It's essential for cardholders to weigh the benefits against any associated fees. Additionally, it's crucial to pay attention to interest rates, especially if carrying a balance, as the interest charges could negate the cashback rewards.


• Sign-Up Bonuses: Similar to other types of credit cards, cashback cards may offer sign-up bonuses to new cardholders. These bonuses typically require meeting a minimum spending requirement within a specified time frame after opening the account.


• Terms and Conditions: Cardholders should carefully review the terms and conditions of the cashback card to understand any limitations, exclusions, or restrictions on earning and redeeming rewards.