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| What is Cashback?
There are two types of “cashbacks” one is related to credit cards and the other one for mortgages. They all have the same principle after using it the owner receives money back.
For example if you have a “cashback” credit card, after paying it off each month and using it for a whole year you receive a small percentage back. This might be a nice way to get some extra money. Also there's cashback mortgage, which means that you receive money back after your mortgage product. And usually it's a small percentage of the loan. | | | | |
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