Cash Back Rewards are a type of incentive offered by credit card companies, where a percentage of the amount spent on purchases is returned to the cardholder.
These rewards can be accumulated over time and redeemed for statement credits, gift cards, or direct deposits, among other options.
The specific percentage of cash back and the categories that earn cash back can vary between credit cards.
Some cards offer higher cash back rates for specific categories like groceries, gas, or dining, while others provide a flat rate on all purchases.