Cashback Bonuses

Credit card holders are familiar with the term “cashback,” and most of them would agree that offering cash back is a good way of encouraging customers to make the most use of their credit cards. Cashback bonuses work on a similar principle, with online cashback casinos offering customers a percentage of the money they have lost in wagering activities.

For instance, if an online casino player wagered $100 during a calendar month and did not win anything, he/she will receive a certain percentage of it back at the end of the month. Cashback bonuses allow players to enjoy risk-free gaming, secure in the knowledge that they will get a percentage of it back.

Cash Back Bonuses Explained

Unlike no-deposit bonuses, welcome bonuses, deposit bonuses, loyalty bonuses, and reload bonuses, cashback bonuses are based on wagering activities of the past. This means that players do not have to make any deposit in order to claim a cashback bonus; however, they might have to satisfy a number of conditions, which might include making a deposit.

To put it in simple language, a cashback bonus is a percentage of the amount of money players have lost wagering on real money games at the online casino over a specified period of time. Casinos usually limit their cashback bonuses to a specific amount.
For example, Casino X offers 10 percent cashback on all money lost on real money games during the month of January up to $50. If player Y has lost $100 in January, he/she will receive a cashback amount of $10. Players can claim a maximum of $50 as cashback in Casino X.
Offering cashback bonuses is an online casino’s way of putting smiles back on the faces of players who have lost money and also to encourage them to keep playing at the casino.

Online cashback casinos, however, offer different types of cashback bonuses. Some of them offer weekly cashback bonuses while others offer monthly cashback bonuses. In some casinos, cashback offers are made only to VIP players, not to all players, and in some other casinos, all players can avail of the cashback offers. Sometimes, cashback bonuses are offered as part of promotions or during festive seasons only.

The Wizard's Best Rated Cashback Bonuses

Cash Back Bonus Conditions

The terms and conditions associated with cashback bonuses depend on the cashback offer as well as the online casino offering it. Cashback bonuses are associated with wagering terms, which means that players are required to play through the cashback bonus amount a specific number of times within a given time frame before making a payout request.

Some cashback bonus casinos also require players to make a minimum deposit and avoid making a withdrawal in order to claim the casino cashback bonus.