Credit and Debit Cards

What exactly is cash back?

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2013-03-06 22:14:00
2013-03-06 22:14:00

Cash back is when you make a purchase with your credit card at a grocery or department store, and you request for the cashier add an amount to your bill and give you that amount back in cash.

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Related Questions


Getting cash back at closing is exactly what it sounds like - receiving cash at the close of the sale or refinance of your home. To understand why a person might get cash back at closing, you need to understand the concept of equity.


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Exactly what it sounds like. A cash inflow means that cash is going into the company, and a cash outflow means cash is going out of the company.


Can i get cash back from a starter check


A cash advance loan is a service where you take your check stub to a place and they lend you up to a few hundred dollars, you pay it back plus interest when you get your payroll check.


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.



No, Target will not give cash back on checks. Sometimes, Walmart's will give cash back on personal checks if the amount is not a lot.


No, HSBC does not offer credit cards with cash back rewards. While their credit cards do offer cash back, it is not a reward and one can be charged a hefty interest fee when requesting cash back.


Almost all credit card companies offer some form of cash back program. Chase bank offers perhaps the most well known cash back programs, with up to 5% cash back for the first 12 months of usage, and up to $3000 cash back.


The Chase Freedom Visa card offers 100 dollars cash back of the first 500 dollars purchased with the card, then 1% cash back after that. The Discover It card offers 1% cash back on all purchases, and 5% cash back in other categories that may change periodically.


You can get a cash back card by applying for one. It all depends on what sort of cash back card you are interested in and research is recommended before getting one.


The American Express Platinum Cash-Back card, Santander Card, Barclay card, and Sainsbury Cash-Back card all offer excellent cash-back percentages in the UK. It should be noted these cards charge an annual fee for usage (around the 25 pound mark).


The top three credit cards that can offer the best cash back rates are; 1) Santander 123 credit card - up to 3% cash back 2) Sainsbury's credit card - 5% cash back. 3) American Express - 5% cash back for 3 months and then 1.25% thereafter.


You cannot sign your son's name to the back of his check and cash it for him. This is illegal.


The grocery store will charge your credit or debit card and give you cash back.


When you take back an item that you purchased, they give you cash back (instead of a gift card to that store).


cash advance is when you enroll to get a real quick cash loan. You sign a form and they will mostly check your credit. If they approve, the cash advance people will send you a check in the mail so you can go and cash out the check.


yep. When you buy something just get Cash back.


a cash grant is like a loan but you don't have to pay them back


no you can only get it on the back of the sation cash card.


A cash back credit card allows you to get back a certain percentage of the cash spent on purchases, dining, education and telecom expenditure. It is a good credit card to have.


emergency cash loan design to support when you instantly catch to pay the medical bills, repair your car, and support to your business when it is going to default


Cash back cards offer the user a rebate or a cash back incentive at the end of a certain time. One can receive a percentage of their spending back in cash rewards. American Express, Discover and Capital One all offer credit cards which give their users cash back incentives.


No, but... If you the cash back was paid for the purchase of an item that you are deducting (such as a business expense), then you have to reduce the deducted amount by the cash back paid for that item. Cash back payments are not taxable for their own sake, because you had to purchase something to get them, so they are just like discounts on the items purchased.



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