Cashback is a type of reward or incentive offered by some banks to their customers when they make purchases using their debit or credit cards. When you make a purchase using your bank card, the bank may offer you a certain percentage of the purchase amount back as cashback. This means that you receive a percentage of the amount you spend back in cash, which is credited to your account.
When you make a purchase in a physical store, you can ask the cashier if they offer cashback. If they do, you can request a certain amount of cashback, which will be added to your purchase amount. For example, if you make a purchase of $50 and request $20 cashback, your total purchase amount will be $70 and you will receive $20 in cash.
When you make a purchase online, the cashback process may work slightly differently. Some banks may offer cashback when you use your card to make purchases with specific online retailers, while others may offer cashback on all online purchases. The specific terms and conditions of the cashback offer will depend on the bank and the card you are using.
To receive cashback for online purchases, you may need to activate the offer on your bank's website or mobile app. Once activated, you can use your card to make purchases online and the cashback will be automatically credited to your account.
It's important to note that cashback offers may have certain restrictions and limitations. For example, there may be a limit on the amount of cashback you can receive per month or per transaction. Additionally, some cashback offers may be subject to certain spending requirements or may only be available for a limited time.
Overall, cashback is a popular incentive offered by banks to encourage customers to use their cards for purchases. By taking advantage of cashback offers, customers can earn money back on their purchases and save money over time.
No comments:
Post a Comment