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![]() Are cash back offers a form of interest? What I mean is that you pay for the items you buy using a credit card and the credit card company "rewards" you with a percentage of the money spent. So if your annual credit card bill is $10,000 and if you have paid it off, your credit card company gives you 1% of the money as "cash back"...would this be considered interest? You get similar cash back offers on eBay and Paypal, where you get a certain percent of the money you spent back as a "reward"... |
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