Cashback is one of the hottest trends nowadays, especially among online wallets. But did you know that credit cards have been offering this benefit, since the beginning? While only a few credit cards in India offer direct cashback, a number of them provide the facility of easily converting reward points into statement cash credit. The rate of cashback offered also varies for different credit cards. Some offer cashback on all purchases while others give extra benefits on select spending like those at supermarkets or departmental stores. Whatever the case, cashback credit cards and cards that allow you to convert reward points into cash-credit are always better than the rewards credit cards- after all who doesn’t like a credit on their monthly statement.