What is a cash-back credit card?

A cash-back credit card is a type of credit card that provides users with a rebate or reward for purchases made with the card. The amount of cash-back reward varies depending on the card, but typically ranges from 1-5% of the purchase price. The rewards are usually in the form of a statement credit or a deposit into the cardholder’s bank account. Cash-back credit cards are popular in Tennessee and throughout the U.S., as they allow people to use their credit card for everyday purchases and receive money back for using it. This makes it easier for people to manage their finances and build their credit while saving money. However, it is important to be aware of the laws governing credit cards and their usage in Tennessee. Credit card fraud is a serious crime and any violation of these laws can result in serious repercussions. In Tennessee, it is illegal to use a credit card for a purchase you do not have the money to pay for. If you are found guilty of this crime, you could face up to three years in prison and a fine of up to $3,000. It is also a felony in Tennessee to use a stolen credit card, and those found guilty can face up to 12 years in prison and a fine up to $10,000. Understanding these laws is important for everyone, especially those who use cash-back credit cards often. Although cash-back cards can be beneficial, it is important to make sure you are using them responsibly and not breaking any laws.

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What is a cash-back credit card?

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