Comments on: How does the cashback work on credit cards and debit cards? http://www.topcreditresources.com/credit-cards/how-does-the-cashback-work-on-credit-cards-and-debit-cards Tools and information about Credit, Loans, and Debt Tue, 03 Aug 2010 00:07:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: gomanyes http://www.topcreditresources.com/credit-cards/how-does-the-cashback-work-on-credit-cards-and-debit-cards/comment-page-1#comment-1398 gomanyes Tue, 08 Dec 2009 07:19:59 +0000 http://www.topcreditresources.com/credit-cards/how-does-the-cashback-work-on-credit-cards-and-debit-cards#comment-1398 Cashback only works on debit cards. Basically, if you ask for cashback, the cashier will give you that amount of cash, and add it to the amount that gets taken from your bank account. So for example, if you buy $5 worth of stuff and ask for $20 cash back, then they will subtract $25 from your bank account and give you $20 cash in addition to what you bought. Cashback is basically a more convenient alternative to going to the ATM. It only works for debit cards, not credit cards.<br><b>References : </b><br> Cashback only works on debit cards. Basically, if you ask for cashback, the cashier will give you that amount of cash, and add it to the amount that gets taken from your bank account. So for example, if you buy $5 worth of stuff and ask for $20 cash back, then they will subtract $25 from your bank account and give you $20 cash in addition to what you bought.

Cashback is basically a more convenient alternative to going to the ATM. It only works for debit cards, not credit cards.
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]]> By: Robert http://www.topcreditresources.com/credit-cards/how-does-the-cashback-work-on-credit-cards-and-debit-cards/comment-page-1#comment-1397 Robert Tue, 08 Dec 2009 07:05:59 +0000 http://www.topcreditresources.com/credit-cards/how-does-the-cashback-work-on-credit-cards-and-debit-cards#comment-1397 You'll want to read the fine print. All cards are different. For example, if you earn 3% cash back on gas, you'll get $3 back for every $100 spent, etc. Some cards give you a check back, while others give you points that you can exchange for gift cards.<br><b>References : </b><br> You’ll want to read the fine print. All cards are different.

For example, if you earn 3% cash back on gas, you’ll get $3 back for every $100 spent, etc. Some cards give you a check back, while others give you points that you can exchange for gift cards.
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]]> By: David G http://www.topcreditresources.com/credit-cards/how-does-the-cashback-work-on-credit-cards-and-debit-cards/comment-page-1#comment-1396 David G Tue, 08 Dec 2009 06:49:59 +0000 http://www.topcreditresources.com/credit-cards/how-does-the-cashback-work-on-credit-cards-and-debit-cards#comment-1396 it takes the money out of your bank account. cashback for a credit card would be a cash advance which charges very high interest.<br><b>References : </b><br> it takes the money out of your bank account. cashback for a credit card would be a cash advance which charges very high interest.
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