A cashback card is a type of credit or debit card that rewards users with a percentage of their spending back as cash. When you make purchases using this card, a portion of the amount spent is credited back to your account, which can be used for future purchases or redeemed as cash. The cashback percentage can vary based on the type of purchase, such as groceries, gas, or dining.
These cards often come with specific terms and conditions, including annual fees and spending limits. Some cashback cards may offer promotional rates or bonuses for new users, encouraging them to spend more within a certain timeframe. Overall, they provide an incentive for consumers to use their cards for everyday purchases.