Yes and no. When you’re making purchases you would normally have made anyway, cashback might feel like free money. However, you only receive cashback in exchange for purchasing something in the first place—so there is a cost associated with it. Most rewards cards also charge you monthly or yearly fees, which is another cost of cashback. Think carefully about the costs associated with any cashback programs you’re considering. Estimate how much cashback you’re likely to earn—without going over your normal budget!—and then determine if the cost of the program is worth it for you.