CASH BACK

1. In a debit card transaction, it is the option available to retail consumers in which the client can request to add an extra amount to the purchase price and gets the accrued amount in cash. Using debit provides customer a convenient way to attain cash when buying goods and services without going to an ATM or bank.
2. Benefit given by credit card firms to its clients, which pays the cardholder a small percentage of their net expenditures (purchases minus refunds). It frequently gives an opportunity to select from taking the cash or using points for purchasing goods or services, travel, or gift cards. Normally, cardholders must obtain a specific points level to redeem for cash or other perks.

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