From a strong global recovery following the COVID-19 pandemic to the ongoing conflict between Russia and Ukraine, it is no surprise that Singapore is experiencing inflation. Core inflation in Singapore is projected to average 3 percent in 2022, a nine-year high. While inflation may be beyond your control, find out how cashback credit cards can help you reduce the damage caused by inflation. The Mechanics of a Cashback Credit Card Explained As its name suggests, a cashback credit card is a credit card that refunds you a percentage of your spending. For instance, if your card offers a cashback rate of 5 percent, spending S$100 will earn you a $5 credit on your card. While this may not seem like a lot, your cashback earnings can quickly accumulate, especially if you are a big spender. Depending on the bank, cardholders may receive the cashback credit either through a direct deposit...