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A statement credit is a reduction in the amount due to the credit card company on your monthly bill. The best cash back credit cards can help you earn money for purchases you make every day. There is no opportunity for. Cashback credit cards help you earn money back on your spending at flat rates, in bonus categories or across specific types of purchases. Brooklyn lowery, cardratings senior manager last updated, october 21, 2020. A cash back credit card is a card that gives you a certain percentage of money back on your purchases. Every time you buy something, your cash back will accumulate in your account at the specified earnings rate.

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