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Are cash back rewards from credit cards subject to taxation?

Addie Douglas ∙

Lvl 10

∙ 1mo ago

Updated: 2/15/2025

Yes, cash back rewards from credit cards are generally considered rebates and are not subject to taxation.

AnswerBot

∙ 1mo ago

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Continue Learning about Finance

What credit cards does the Bank of America offer?

Bank Of America offers many different credit cards. It offers cash rewards credit cards, points rewards credit cards, travel and airline rewards credit cards, lower interest rate credit cards, and build or rebuild credit cards.

Where can one apply for credit cards with rewards?

One can apply for credit cards with rewards at websites such as Credit Cards and Credit. Other websites that one can apply for these cards at include Visa and TTBank.

What credit cards offer business rewards?

There are different kinds of credit cards which offer business rewards. A couple of these cards are the TD Business Credit Card and CIBC Business Visa.

What rewards does a chase credit card offer?

Various Chase credit cards are available with rewards that include cash back on purchases, travel miles or gift cards. The Chase Freedom and the Chase Sapphire cards are personal credit cards with Chase's Ultimate Rewards program that gives the user a choice of these rewards.

What credit cards offer cash rewards to consumers?

Essentially all credit cards offer some sort or rewards for using their card, the most common of which are the store credit cards such as REI, and Vons.

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Related Questions

What credit cards does the Bank of America offer?

Bank Of America offers many different credit cards. It offers cash rewards credit cards, points rewards credit cards, travel and airline rewards credit cards, lower interest rate credit cards, and build or rebuild credit cards.

Where can one apply for credit cards with rewards?

One can apply for credit cards with rewards at websites such as Credit Cards and Credit. Other websites that one can apply for these cards at include Visa and TTBank.

Which credit cards have the best rewards programs?

Compare the best rewards credit cards available at credit-card-review.toptenreviews.com/rewards-credit-card/. This website is a great tool to shop around and compare the pros and cons of the different available cards.

What credit cards offer business rewards?

There are different kinds of credit cards which offer business rewards. A couple of these cards are the TD Business Credit Card and CIBC Business Visa.

What rewards does a chase credit card offer?

Various Chase credit cards are available with rewards that include cash back on purchases, travel miles or gift cards. The Chase Freedom and the Chase Sapphire cards are personal credit cards with Chase's Ultimate Rewards program that gives the user a choice of these rewards.

What credit cards offer cash rewards to consumers?

Essentially all credit cards offer some sort or rewards for using their card, the most common of which are the store credit cards such as REI, and Vons.

Where can I find a list comparing the corporate credit cards with rewards?

I found a few sites on the web that help you with credit cards and rewards www.infochoice.com.au/banking/credit-card/business-cards.aspx . This site tells you about the rewards you can get with the use of your credit card.

What type of credit cards do you offer?

We offer a variety of credit cards, including rewards cards, cashback cards, and low-interest cards.

Does American Express offer travel benefits on their credit cards?

It appears that American Express credit cards have levels of rewards on their cards. Rewards/benefits depend on the card that you have and the usage of the card.

What are some of the features of travel rewards credit cards?

Travel rewards credit cards would most likely include a bonus of some sort whenever a traveler decides to shop at designated stores for these credit cards.

What types of credit cards do you offer?

We offer a variety of credit cards, including rewards cards, cashback cards, travel cards, and low-interest cards.

Which companies offer rewards credit cards with no annual fee?

There are some companies which offer rewards credit cards with no annual fees. From googling on the subject, I understood that the following companies offer this bonus - Mecu Visa, CitiBank, Westbank, American Express, HSBC and more.

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