What Is Credit Card Cash Back?

The so-called credit card cashback means that after the credit card holder swipes the credit card to spend the amount specified by the bank, the bank will return part of the money to the credit card holder.

Credit card cashback

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The so-called credit card cashback refers to the use of credit cards by credit card holders

There are four levels of feedback on the consumption amount of a bank (below 2,000 yuan, 2,000 to 5,000 yuan, 5,000 to 20,000 yuan, and 20,000 yuan or more), and the cashback ratio ranges from 0.25% to 1%. Such as

Spending cashback: Credit card holders can swipe their cards directly for one-time payments.

Cashback: Installed by credit card holders when spending

The cashback limit is too high. For the average consumer, the spending power is limited and it is difficult to meet the cashback requirements. On the other hand, the bank that consumes cashback is not purely using cashback to promote consumption, but fake cash Bundle sale. Credit card cashback looks beautiful