This type of card is called a cash-back credit card. A Collection of Catastrophic Workplace Blunders Don’t think of them as mistakes; think of them as training opportunities. If you can redeem the rewards you earn for a statement credit, you can use it to pay off your credit card balance. Great cash back credit cards let you trade in the points you earn for statement credits, actual cash rewards and points that you can apply to purchases through an online bonus mall.
