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Jenngoat1

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? about cash back or points earned?
Do all cards let you use your acquired rewards (cash back or points) as a payment off your balance?

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No,

Cash back and points are incentives CC co's use to get you to sign up for their cards.  

How you redeem them and how points are used is up to the indiviual company issuing the card. 

Don't be missled by the advertising.  Cards that have points or rewards also tend to have higher interest rates that off set the incentives.  i.e. I have 2 AmEx cards. One offers 1.5% cash back, and has an interest rate at 19.99%  The other offers nothing, But I have a 9.9% interest rate.   10% savings on the interest rate on $1000 is a savings of about $100 over a year.  1% cash back on that same $1000 is $10. but istill have to pay the higher interest.  So is the cash back really a savings? 

Do your homework and don't be misled by advertising.  

Good Luck 

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