Q:

How can you get cash back with a credit card?

A:

Quick Answer

Some cash-back reward credit cards pay consumers a percentage-based cash award after the consumer uses the card to make a certain number of purchases. Some credit cards come with a signing bonus, while others offer the consumer a cash bonus for meeting spending requirements, notes Forbes.

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Full Answer

Some cash-back credit cards pay a standard 1 or 2 percent on every purchase, and some cards offer consumers a tiered system of rewards that pay higher percentages when they use the card in a certain way, according to Forbes. An example is the Blue Cash Preferred Card by American Express, which pays 3 percent cash back for gas purchases and 6 percent cash back for grocery purchases in the United States as of 2015.

Cash-back credit cards come with a number of restrictions, which depend on the issuer and type of card. For instance, canceling some cash-back credit cards after receiving the bonus award generates a negative mark on the consumer's credit report. Some cards also carry a minimum purchase amount as high as $500 to earn rewards or only pay rewards for certain types of purchases, such gas, travel or hotel stays, claims the Chicago Tribune. Come credit card companies also rotate the categories that earn rewards or require that consumers buy from specific retailers to earn rewards.

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