A rebate (paid as card balance, not actual cash) on a percentage of what you spend. In Mexico the rates run from 1% to 5% and almost always carry a monthly cap. A 2% cashback card with a $500 monthly cap stops making sense once you put more than $25,000 a month through it.
Cashback on Mexican credit cards in 2026 ranges from 0.5% (general purchases on entry cards) up to 5% (selected categories on premium or category-focused cards). Top programs by peso value: Vexi (5% on Netflix, Amazon and Mercado Libre), RappiCard (5% on Rappi orders, 1-3% elsewhere), Hey Banco (variable by campaign, sometimes 3-5% on specific merchants), and Banorte's co-branded lineup for specific merchant partnerships.
Statement credit is usually the cleanest cashback format — the amount lands on the card as a discount at the next cycle, no expiry, no minimum. Point-based programs (Recompensa Total, Membership Rewards, Aeromexico Club Premier) can beat statement credit if you fly regularly, but points expire and their peso value floats. Most cards cap monthly cashback between 500 and 1,500 pesos — worth reading the fine print before assuming a straight 5% on a large purchase.