Cash Back Credit Cards 101

Cash back credit cards let you earn rewards on purchases. You can redeem your rewards for cash back – typically statement credits, checks or direct deposits. You may also be able to redeem rewards for things like gift cards and travel.

How much you can earn and for what types of purchases depends on the credit card's terms and conditions, though most cash back cards work in similar ways. Here are some answers to common questions about cash back credit cards. 

Cash back cards allow a cardholder to earn rewards when they use the credit card for purchases. The rewards can be redeemed for cash back rewards. Some cards offer the same amount of cash back rewards for all purchases made with the card. Other cards offer higher rates of cash back in specific or rotating categories with a base earn on other purchases. Depending on your credit card program, you may need to enroll to receive the additional cash back from the higher earn categor(ies).

Keep in mind that not every purchase may earn cash back. Always check the terms and conditions and consider how you will use a card when deciding whether it's right for you.

Disclosure: This article is for educational purposes. It is not intended to provide legal, investment, or financial advice and is not a substitute for professional advice. It does not indicate the availability of any Citi product or service. For advice about your specific circumstances, you should consult a qualified professional.

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