How Does Cashback Work on a Credit Card? (What is Cash Back?)

How Does Cashback Work on a Credit Card? (What is Cash Back?). Welcome to our video on how cashback works on a credit card.

How to earn cashback
For each purchase you make using your credit card, you essentially earn money as a percentage of every purchase. This works as long as your account is open and in good shape. However, transactions such as lottery tickets, cash advances, balance transfers, gambling-related purchases, and cash-like transactions such as cryptocurrency purchases do not qualify to earn cashback. Every cashback reward program varies by credit card. Different credit cards give cashback in various ways.

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