Cash back is the most alluring feature associated with the credit cards.
People simply love to get back something while purchasing things.
This is in fact the major reason behind the elevated usage of credit cards with cash back options.
Competition being tough, makes the companies come up with different marketing strategies, cash back credit cards is one of them.
Actually different banks have different sets of terms and conditions but the cash back feature is almost the same among all of them.
Actually the customer is awarded with some points when he/she makes any kind of purchases using a credit card.
Usually you get one point on every two dollars spent.
These points finally get converted into bucks, which can be used by you to get yourself some free gifts.
As these points get converted into cash, the term "cash back" is applied.
This feature is not the same in all the products you purchase using your credit card.
For example while booking an air ticket, with the help of credit card; you get the cash back amount directly deposited to your account, within a month or so.
But if you stay at a hotel then you get the cash back as soon as you check out.
So different conditions adhere to different products! Some cash back credit cards also offer you gift certificates.
Generally these cards do not charge any interest fees.
But it is better to confirm earlier than to regret it later.
You can go for those cards, which award you with more points on your purchasing.
As the competition is tough, you can make the benefit of it by grabbing the best deal at hand.
To conclude the devil is in the details, make sure you know what you are getting into and to be honest if you can at all, pay in cash.