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When do i receive cashback for credit cards?

How does it work? Is it monthly or annually?

Discussion (2)

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For the SC Unlimited Cashback Credit Card, the cashback is credited monthly on the next statement date. For the cashback tracking, the transactions have to be within the billing cycle, not calendar month. Cashback is calculated only on the eligible transactions and not the total spend. SC will state the ineligible transactions in their T&Cs or website.

Be aware if you have other cashback cards that track by calendar month.

thefrugalstudent

14 Jun 2021

Founder at thefrugalstudent.com

Hi Farid,

I believe for SC unlimited cashback, it is credited monthly to offset your statement. So you never receive the cash, but instead you pay less for your statement each month.

Regards,
thefrugalstudent

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