Credit Cards » Glossary

Glossary

Rebate Card

A rebate card is a credit card that rewards you for using it. The rebates are usually in the form of cash, services such as airline tickets or discounts on future purchases. A rebate card offering cash back returns a percentage of your total purchases to you each month, though your reward balance may need to reach a minimum before you can withdraw it or credit it back to your account. In general, these cards are useful if you pay your balance in full each month; otherwise the often higher rates of interest these cards carry can more than cancel out your rebate.

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