Cash Back

Cash back cards give you cash for each dollar you spend. The cash back can be in the form of statement credits, cheque, or ATM withdrawal (for cards issued by commercial banks). These cards offers allow you to earn cash for your everyday spending. You can maximize your cash back by selecting a card that rewards in areas you spend your cash on frequently, whether it’s groceries, gas stations, pharmacies, etc. It is important to note, however, that these cards will not usually pay more than 3% in rewards for actual money spend, and if you maintain a balance from month to month, your interest payments will far outweigh potential cash back you can earn since they tend to come with high APRs.