Lamarr and Anthiel received a patent in 1941, but the enormous significance of their invention was not realized until decades later. It was first implemented on naval ships during the Cuban Missile Crisis and subsequently emerged in numerous military applications.
Cash back credit card reward programs started out rather simply, offering a flat percentage rate (typically 1 percent of purchases) rebated back to the customer in the form of a check at the end of the year or a statement credit.
Before you take out a cash advance on your credit card, itâs important to understand the fees and risks involved, as well as the benefits. A credit card cash advance is a withdrawal of cash from your credit card account. Essentially, youâre borrowing against your credit card to put cash in your pocket. However, there are costs to taking a credit card cash advance and, in some cases, limits on the amount you can withdraw. Hereâs what you need to know.