Finance & Banking

Cashback

ˈkæʃbæk

noun

What does Cashback mean?

A percentage of spending returned to you.

Example sentence

"This card gives 2% cashback on everything."

American usage tip

Cashback cards beat points for simplicity.

Related Finance & Banking words

Minimum payment
The smallest allowed credit card payment.
IRA
Individual Retirement Account.
Refund
Money returned when you overpaid taxes.
Emergency fund
Savings covering 3-6 months of expenses.
Annual fee
The yearly cost of holding a credit card.
ITIN
Tax ID for those not eligible for an SSN.
Direct deposit
Salary paid electronically into your account.
APR
Annual Percentage Rate — yearly loan/credit cost.

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