A cashback program is a type of rewards system where you receive a percentage of your purchases back as a statement credit, direct deposit, or other reward form. Typical rates range from 1-5% depending on the card and purchase category. Some cards offer flat-rate cash back on all purchases, while others provide higher percentages in specific categories like groceries, gas, or dining.

To choose the best credit card, consider your financial profile (income and credit score), spending habits (where you spend the most), and which benefits you value (cashback, travel rewards, no annual fee). Compare APRs, fees, included insurance benefits, and promotional offers. For beginners, no-annual-fee cards are typically recommended, while frequent travelers might benefit more from travel rewards cards.

Yes, several credit cards are designed specifically for individuals with limited or damaged credit. Secured credit cards require a security deposit that typically becomes your credit limit. Store credit cards and certain unsecured cards for limited credit also have less stringent approval requirements. Using these responsibly by making on-time payments and keeping balances low can help improve your credit score over time.

If your application is denied, first request a copy of the credit report used in the decision to identify potential issues. Wait at least 3-6 months before applying for another card, as multiple applications in a short period can negatively impact your credit score. In the meantime, consider secured cards or retail store cards with more flexible approval requirements. You can also improve your profile by paying down existing debts and establishing a history of on-time payments.