What Is A Cashback In Credit Card & How Cashback Works?
What is a Cashback Credit Card? Cashback Credit Cards have become quite famous due to their simplicity of usage. A Cashback Credit card gives the rewards in terms of CashPoints which can be converted into real cash. A cashback credit card gives a certain amount of your purchase’s money back on each transaction. The percentage amount given back varies among different categories as per the card’s policy. Cash-back benefits are real money that may be applied to a credit card payment, received as a cheque, or deposited into a bank account. How does Cashback Credit Cards work? To completely understand how Cashback Credit Cards work, go through the following points given below: CashPoints: The Rewards earned on a Cashback Credit Card are known as CashPoints. These cash points can be earned in different categories like travels, lifestyle expenses, Entertainment, etc. Accelerated Points: Many times, a cashback credit card provides accelerated Cash Points on certain c