Cashback card
Cards & borrowingA credit card that returns a percentage of your spending as cash rewards.
Overview
Cashback can be paid monthly, yearly, or as statement credits.
Rates and caps vary by card.
Why it matters
- It can reduce the effective cost of spending.
- Fees can outweigh rewards if you carry a balance.
- It encourages disciplined repayment.
FAQs
Do cashback rewards count as income?
Usually no, but tax rules can vary. Check if unsure.
Can cashback cards hurt my score?
Only if you miss payments or carry high balances.
Related terms
Take control of your credit health
Get the complete credit toolkit — all features included.
Start building creditInstant setup. No credit check. Cancel anytime.