Cashback Bonus

Why Is The Cashback Bonus So Popular Lately?

There are hundreds of online casino operators currently available. Each online casino is trying to outdo the other with enticing bonuses and promo offers. The competition for new punters is rife, but casinos also recognize the importance of holding onto its users. 

Many big, online casinos have a loyalty program in place. Usually, casinos call them VIP programs or something similar, which long-time members can be granted access to. The cashback bonus is the online casino’s way of rewarding its most loyal punters. 

It is  also popular because it’s not restricted to newbies only. Both newcomers and long-time punters alike can benefit from this bonus. Casinos know that punters can easily switch to a new casino with a better offer at the click of a button. This is why you’ll see a variety of bonuses continually changing, keeping you coming back for more.

How Does A Cashback Bonus Work?

Online casino bonuses can be reserved. For example, a casino’s welcome bonus is generally limited to new players. However, a cashback bonus can be valid for those who have already registered and are actively placing wagers at an online casino.

This is what makes it so excellent, and as the name implies, you can get money back from the casino. A cashback casino takes your general activity into account and generates an idea of your cashback bonus. This means that the casino will keep a record of how much and how frequently you place wagers.

The casino will calculate a cashback bonus value based on the wagers you’ve lost. You can expect a percentage value of your lost bets to be given back to you. Some casinos, however, offer cashback risk-free bets for stakes of a specific amount as well.  

This so-called risk-free cashback bonus is generally valid when placing your first ever bet. The bet will be for a minimum value. If you lose your wager, then the casino will return the money you staked as the cashback bonus.

You can think of a cashback casino as providing you with a reward for your loyalty. While the amount returned might only be between 5-10% of your lost wagers, this will help to keep your bankroll in good shape. 

Some casinos, like King Billy, offer up to 15% as a cashback bonus. It’s a nice touch for an online casino to reward their loyal customers every so often.

Requirements And Conditions

Just like standard bonuses, the cashback bonus will have its own terms and conditions to be valid. These terms can cover anything from wagering requirements, maximum allowed withdrawals, and more. The below will cover the relevant requirements and answer your most commonly asked questions.

Wagering Requirements

Like many other factors, wagering requirements differ from casino to casino. For cashback bonuses, popular casinos might have no wagering requirements. On the other hand, some online casinos have quite high wagering requirements.

Sometimes, wagering requirements might be the value lost that is necessary to deem a valid cashback bonus. All of this information is available for you to compare across many operators.

What Games Are Valid?

A cashback bonus is generally available for casino slots and games. The valid games might be specific to the online casino, though. Be sure to compare what’s available across a few different operators. Sometimes, table casino games are also legitimate for a cashback bonus. An example would be a blackjack table, which could contribute a small % to the bonus. 

What Maximum Cashback Can You Get?

As a cashback, casinos offer relatively low cashback bonuses.At some casinos the max amount that you can withdraw could be unlimited. However, this is not the rule; more often, an online casino tends to cap your withdrawal from a cashback bonus  up to a certain amount. 

The casino will outline these limits in its cashback bonus terms; be sure to read all of this before selecting an operator. 

Do You Need A Promo Code?

Any required promo codes will be visible alongside the advert when a cashback bonus on offer from an online casino is advertised. If none are apparent, then you can check the terms and conditions to see how it is verified and validated. Any mention of the promo code required will be found here.

Time Limits

Many casino bonuses are also accompanied by time limits in which it can be used. The time limit is generally a window period in which you have to use the bonus for it to work. Again, casinos might have no time limit, or you could have anywhere from 24 hours to a week to claim your cashback bonus. 

Should You Claim A Cashback Bonus?

If you’re a loyal player and enjoy the thrills of online gambling, then the cashback bonus might be right up your alley. If you’re already registered with an online casino, be sure to check that you can access its privileges. There are some online casinos that only make their cashback bonus available to newbies, for example. 

If you’re selecting a casino to begin your online journey with, it’s good to check if the casino you have in mind provides a cashback bonus. If it’s not clear, after a look around the website, then you can contact most customer support for bonus inquiries. 

You should seek to find a casino with some form of rewards system for its loyal players if that appeals to you. If a VIP program is absent, then check for regular cashback bonus promos to get the most out of your casino experience. Make sure to check our top casino list with reputable operators.