Home » Business » Understanding Cashback Benefits on Credit and Debit Cards: Which Banks Offer the Best Rewards?

Understanding Cashback Benefits on Credit and Debit Cards: Which Banks Offer the Best Rewards?

Credit cards are used so that users can have facilities at the time of payment.make a payment or make a purchase, because as its name says, it is a credit that banks lend to its clients with the condition of paying it later.

In recent years, banking institutions have added a system to make their offer more attractive to that of their competition, as more and more banks and banking applications offer credit cards to people, and it’s about cashback.

What is cashback?

Cashback is one of the advantages of bank cards in which it allows the user to have a refund of a certain percentage on their business expenses, that is, a certain percentage of purchases come back with this cashbackand the product or service that is paid for is ‘cheaper’.

With cashback supply and demand in credit cards has benefited userssince each institution manages different percentages which may be attractive to consumers.

Cashback was mainly thought for credit cards, but now you can also get cashback on debit cards of a certain percentage of the purchase.

Which banks have cashback on their cards?

In banking institutions they began to implement cashback, a benefit in which no one wanted to be left behind, since more users are joining the banks that offer them and they see it convenient.

One of the cards that handles cashback It is Santander Like U, which is offered by the same bank and contains a varied percentage of cashback depending on the card the user has

Este cashback Santander manages from 4 to 6 percent of the total purchase, depending on which establishment and the terms of the card.

Another option on the market is Plata Cardwhich is obtained through the application or online, since it is one of these new credit cards that as such does not have a physical bank, but rather everything is managed online and is used to pay or make deposits through the application.

This card offers 5 percent cashback about the general purchase in some specific categories, because some credit cards have their terms and conditions to use cashback in certain stores.

The HSBC Now has 2 percent instant cashback with each purchase starting at 1 peso and no more cards are needed to recharge.

The credit balance appears in the bank’s application and can be used to pay at certain establishments.

Other cards with cashback

  • Rappi Card
  • Costco City Banamex
  • Banregio Card

MQ

2023-12-15 02:49:11
#Cashback #credit #cards

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.