- Green Member
- Posts: 17
- Joined: Mon Mar 15, 2010 7:27 pm
- Location: chicago area
I'm not sure I understand your question. In general with cash back cards, you get a percentage cash back (at some time in the future) based on the net amount charged to your card. How and when is highly dependent on the card. On some cards (e.g. Schwab Visa), you get your cashback deposited to a bank account the month after you earn it. On other cards (e.g. AmEx Blue Cash, CostCo/AmEx TrueEarnings card), you get a check once a year for the accumulated rewards. In probably the majority of cases, you continue to earn cash back until your balance reaches a redeemable level (say, $25 or $50), at which time you can request a check or statement credit for the redeemable amount. In some cases, you can get a better return by saving up to a larger cash back balance (e.g. $250 check for $200 of accumulated cash back balance).
Rebates can be a good way of increasing your return. In a typical rebate scenario, you pay $x, file your rebate forms, and get a check in the mail for a portion of the purchase price. If you put that $x on a cash back credit card, then you are earning cash back on $x, despite the fact that you'll be getting part of that back. If that's the way your rebate site works, and you have a cash back card that gives, say 2% cash back, then it would be something like this:
1) You place your order and charge $200 on your credit card.
2) You receive your product, fill out the rebate forms and send them in.
3) Your credit card statement is cut, showing $4 of additional earned cash back.
4) You receive a rebate check in the mail from the manufacturer or merchant for $100.
5) At some time in the future, you receive that $4 cash back as part of a larger check or statement credit.