 TITLE: What’s the Difference Between Cash Back, Points and Miles? CONTENT: ### Cash Back\nCash back is by far the simplest and most flexible way to earn and redeem credit card rewards. When you have a cash back credit card that offers 2% back on all purchases, you'll earn $2 in rewards for every $100 you spend. If the card allows you to redeem your rewards for a direct deposit or paper check, you can use your cash however you want.\nHowever, some cards only allow statement credits, which helps you pay down your credit card balance, but it limits your flexibility.\nCash back credit cards typically don't charge an annual fee, though there are some exceptions with cards targeted to people with poor or fair credit and with cards that offer outsized rewards value. Cash back cards may offer welcome bonuses worth hundreds of dollars and introductory 0% APR promotions that apply to purchases, balance transfers or both. END