Cashback is when you receive a percentage of a transaction as a cash reward, as a credit on your account. For example, if you bought a $100 office chair with a corporate card provider that gives you 1.5% cashback, like Ramp, you would receive $1.50 in cashback. Cashback is an alternative to loyalty points that is a better fit for small businesses that want to incentivize saving and cash flow.
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