I need a general rewards credit card. What can I redeem cash back for?

Answered on November 12, 2017
Updated on November 12, 2017
The content is accurate at the time of publication and is subject to change.
Amy Miller Amy Miller
Issuers have different rules of cash back redemption. Before applying for a card always check what ways of reedeeming are available for your card: Namely, the most popular ways are the following: Bank Deposit: the cash back you've earned is put onto your checking or savings account. Some banks need you to accumulate a minimum amount, some don't. Check terms and conditions of the credit card's issuer to see how your card works. Statement Credit: this way you can apply your cash back to your credit card balance. Gift cards: some issuers allow you to buy gift cards from popular retailers to redeem your cash back. Charitable donations: some credit card companies allow you to donate some or all of your cash back to the charity of your choice. The process of redeeming cash back is easy and these card can be a great tool even in the hands of a starter.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

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BROWSE MORE QUESTIONS ABOUT Credit Card Rewards:

You will earn cash back by making purchases at select merchants. These merchants can be found in the Venmo Card section of Venmo app. Earned cash back will be applied to your Venmo account. If you are looking for cash back, we recommend you to apply for cash back credit cards.
For sure, you may choose from different cash back credit cards. You may find there offers with up to 5% cash back, no annual fee, sign-up bonuses and other perks. Pay attention to credit cards with increased cash back bonus categories. For example, if you spend a lot on gas purchases, credit cards with special cash back on gas category may be your choice.
HSBC Cash Rewards Mastercard® credit card comes with the following cash back rewards: 3% introductory cash back on all purchases in the first 12 months from account opening, up to the first $10,000 in purchases. Get 1.5 cash rewards on every $1 you spend on all new, net purchases after the intro period. If you want to earn more, you may consider other cash back credit cards.

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