What is Cashback?
Cashback is a Credit Card benefit that allows you to earn money back for each purchase made with the relevant Card.
What is a Cashback Card and how does it work?
A Cashback Card is a credit card with a difference – for every dollar you spend you get a percentage of it back, as a statement credit to your Card Account.
It’s like getting a small rebate on every eligible purchase.
Here’s an example: if you have a 1% Cashback rate and spend $2,000 in a month, you’ll earn $20 Cashback, which will appear on your monthly statement.
How does the American Express CashbackTM Card work and what are the benefits?
Earn up to 6% Cashback including:
Low $10 monthly fee
Up to 55 days interest free