cash back

Cash back is a rewards feature offered by credit or debit cards where a percentage of your purchases is returned to you as cash. For example, if your card offers 1% cash back and you spend $100, you'll earn $1 back. It encourages spending on certain categories or overall purchases and often appears as a statement credit or bank deposit. Cash back rewards can vary by card, with some offering higher percentages for specific expenses like groceries or gas. It’s a way to get a small percentage of your spending back, effectively reducing your overall costs.