Rewards Rate

Rewards Rate, often referred to as the Annual Percentage Rate (APR) or cashback rate, is the percentage of your spending that you earn back or benefit from when using a credit card or rewards program. For example, if a credit card offers a 2% rewards rate, you earn 2 cents for every dollar spent. It helps you understand how much value or benefit you receive from your purchases through points, cashback, or other rewards. A higher rewards rate generally means more rewards for your spending, but it's also important to consider other factors like fees and terms.