What is a cash-back credit card?

A cash-back credit card is a type of credit card that rewards its cardholders with a percentage of their expenditure returned to them as cash. This type of card is often used in Washington and other states, and is regulated by the Credit Card Law. Cash-back credit cards incentivize the cardholder to use the card for their purchases, as they receive a portion of the cost back in the form of cash. The amount of money that the cardholder can earn back depends on the terms of the card, which can include different offers on different types of purchases. For example, certain cards may offer 5% cashback on groceries, while others may offer 3% cashback on gas purchases. To pay with a cash-back credit card, the cardholder needs to swipe or insert the card at the point of sale, and enter their card details. After the purchase is complete, the cardholder receives the cash-back amount and pays the remaining balance in full each month, or according to the terms of their card. Some cash-back credit cards also offer an additional reward if the cardholder pays their balance in full each month. Ultimately, cash-back credit cards are a great way to save money on purchases while still using a convenient method of payment. Many cardholders appreciate the extra cash that they can earn back simply by using their credit card for their regular shopping needs.

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What is a cash-back credit card?

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