What is cash back offer - Detail Description !!
Cash back generally refers to a cardholder benefit offered by credit card companies that pay the cardholder a small percentage in cash rewards for each purchase. Cash back may also refer to the act of requesting cash from a merchant transaction which provides the buyer with physical cash in hand at the time of purchase.
A cashback is something that's returned to you later. So, if a store offered you a 15% cashback on the same object that would mean you spend Rs 100 when you buy the item. After the purchase is complete, the store will (usually) give you a voucher for Rs 15 that you can redeem at your next purchase.
