How To Get Cash Back From A Credit Card

By Author: Karan
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Credit cards are the ones that help you earn while you spend. Among all the types of credit cards, you must have heard about cashback credit cards. These credit cards have also gained popularity among the youth. But with every type of credit card, some questions keep popping into one’s head. And so does with cashback credit cards such as how to get cash back from a credit card? How can I redeem them? Does cashback expire? and so on. In this article, we have covered everything about cashback and cashback credit cards. Keep reading to know the detailed insights into this.

What is a cashback credit card?


A cashback credit card allows you to earn rewards every time you spend using it in the form of cashback. You get to earn a percentage of your spending. Mostly the cashback reward ranges between 1% - 6% on the cash back credit cards. You can apply for cash back credit cards online easily. The cashback credit cards are usually pocket-friendly as the joining and renewal fees are not that high on these credit cards ...
... and you can manage them easily.

How to earn cashback on a credit card?


There is no hard and fast rule when it comes to earning cash back on a cashback credit card. You need to see which spendings let you earn the cashback and start using the credit card for those categories. Usually you get to earn cashback on all spendings on a cashback credit card. These credit cards are typically ideal for first-time credit card users. They make you familiar with the credit card working and how you earn the benefits. The earned cashbacks are directly credited to your account and do not expire.

On some cashback credit cards you get to earn bonus cashback after making the first transaction ever. In such cases make the most out of your credit card. Apart from this on reaching a spend limit you also get bonus cashbacks. So read all the information before using a credit card.


How to redeem cashback on a credit card?


Since the cashback is directly credited to your account you do not have to worry about the redemption process on the cashback credit cards as compared to other types of credit cards. You can use the cashback earned to make further purchases or to pay the credit card due balance.


Top cashback credit cards:

You can apply for the below-mentioned top 5 cashback credit cards:
Flipkart Axis Bank Credit Card.
Amazon Pay ICICI Bank Credit Card
IndusInd Bank Pinnacle World Credit Card
Standard Chartered Super Value Titanium Credit Card
HSBC Cashback Credit Card


Bottom Line:


To summarise, cashback credit cards are no doubt ideal to start your credit journey with. These are pocket-friendly and help in inculcating the habit of budgeting your finances. The biggest advantage of having the cashback credit card is that the cashback is directly credited to the account and they never expire. You can definitely vouch for this type of credit card and you will never be disappointed. You might get limited rewards and benefits with these credit cards but they can help you in building a good Credit history. All credit cards work the same. It is on you how well you can manage them. You have to clear the credit card dues timely and keep a low credit utilization ratio. You can set up a threshold limit with your cashback credit card so that you do not overspend and register for the auto-debit services that helps in clearance of credit card dues timely.
Share your experience with a cashback credit card and tips to make the most out of it in the comment section.

Additional Reading - Reasons Why Should You Get American Express Credit Card