6 ways to spoil your cash-back rewards
Don't lose out on free cash
Cash back from credit cards can seem like free money. But how much you get can depend on your financial decisions and practices.
If you're cash-back savvy, you already know to shop through the card company's shopping portal or to take advantage of special promotions to double, triple or even quadruple the one penny back you get back on average from every dollar you spend.
But did you know there are ways you can lose that hard-earned cash back? And it's not as hard as you might think. While the average household earns $622 in some kind of rewards every year, $205 of that goes unredeemed, according to a 2011 study from Colloquy and Swift Exchange. That's a fistful of lost cash.
So could you be squandering your cash back? Bankrate outlines careless habits that can steal your cash-back rewards.