answersLogoWhite

0


Best Answer

Only credit cards issued on the Discover Network allow customers to get cash back during a traditional (e.g., grocery store, drugstore, etc.) transaction, usually without paying a fee or finance charges (unless one is already carrying a balance that was not previously paid off).

There are many ways to get cash (or equivalents) from a credit card in a specific transaction including: cash advances from ATMs, cash advances from banks and using cash advance checks).

Be very careful, however, when considering the latter transactions as one is usually charged a fee for the advance itself (no lower than 3% of the amount requested, typically 5%) and interest accrues immediately at what is known as the "cash advance" rate (typically over 18%).

Also, NEVER take a cash advance at a casino or adult entertainment establishments as they will charge you high fees on top of what you may already need to pay to your credit card issuer.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can you get cash back on a credit card?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How can one apply for a cash-back credit card?

There are many ways in which one would be able to apply for a cash-back credit card. One would be able to apply for a cash back credit card on sites such as "Credit Cards".


Can you get cash back with a credit card?

no


What are the top cash back credit card companies?

If you are looking for a credit card that gives you cash back on your purchases you should think about getting a Discover card. Depending on your credit score they give you different rates of cash back.


What is a credit card perk A. college points B. miles C. balance transfer D . cash back?

A credit card perk is cash back.


What is a good business cash back credit card?

The best cash back business credit card is probably the Citi Dividend platinum card. Blue cash preferred by American express is also a good card to check out.


How does a cash back business credit card work?

A cash back credit card is used as a normal credit card. The difference is that when one makes qualifying purchases, a certain percentage of the purchase is returned to the cardholder.


Where can one get a cashback credit card?

One can get a cash back credit card at many banks. Capital One offers their members a cash back credit card that gives them points towards any purchase.


Where can I get information about a cash back business credit card?

You can get information about a cash back business credit card on the card's website on the internet or by calling the number on the back of the card. You can purchase hotels, gas, food, and many more.


What is the best credit card out there that pays you cash back?

The best cash back credit card right now is the Chase Freedom card because it gives you an extra $50 for free! See the explanation of it here: http://www.onemillionbucks.net/2008/09/best-cash-back-credit-card-chase.html


What kind of benefits does a cash back credit card offer?

A cash credit card, or a cash back credit card, offers the benefit of receiving a percentage of your spending back in the form of cash. Typically, a cash back card offers between 1% and 5% cash back on all purchases, though some cards offer higher rates for specific categories of spending, like groceries or travel. The cash back you earn is usually applied as a statement credit or deposited into your bank account at the end of each billing cycle. Cash back cards also usually offer some other benefits, like purchase protection, extended warranties, and travel insurance.


Is Cash back a credit card perk?

Yes.


Which business credit card offers cash back?

There are many different credit cards that offer cash back. Some of the credit cards that offer cash back are Simply Cash from American Express and Ink Cash from Chase.