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Tuesday, October 20, 2026Updated 15:44 UTC

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Redeem Your Cash Back Before Closing a Card – The Issuer Can Keep It

Source: Money Crashers · Oct 20, 2026 12:00 UTC

Rolls of U.S. dimes and nickels in paper coin wrappers — File photo dmuth / Flickr · CC BY-SA 2.0 · Source

The Quick Take

A growing rewards balance can feel like savings, but the issuer’s terms decide what happens to it. The Consumer Financial Protection Bureau reported in 2023 that cardholders lose hundreds of millions of dollars’ worth of rewards every year. Capital One... Source

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