Cashback bonus is one of many incentives that casinos give back to players. At Australian casinos, the cashback bonus can come in many forms. With a cash back bonus the casino will be offering you an incentive on all your losses. Below we take you through what cashback bonuses are, how they work and how you can claim them. We also list some of the best casino sites that offer cashback bonuses to their players.
A cashback bonus is a refund of your net losses within a particular time. Some casinos calculate using a percentage, and there will be no wagering requirement with this casino bonus. The bonuses are great ways to make the best out of a losing situation. Once you claim the bonus, it will be credited directly into your casino account. Depending on the casino, you like playing at, the cashback bonus will be offered for a certain period of time. It will also be limited to certain games.
The casino will either give you the cashback bonus in the form of real cash or bonus money. This may depend on the amount that you had deposited into your casino account. The most common cashback bonus that we have come across is 20% of the amount you have bet with a maximum cashback return of about $100. In simpler terms, that means if you had deposited $100 into a casino account and you lost you get $20 in cashback.
How Does Cashback Work
Claiming a cashback bonus is quite simple. A number of internet casinos have an automated process which is player friendly. To claim your bonus, you can follow these easy steps.
Find and register an account with a casino site that offers cashback bonuses.
Once you have verified your account, you can then make a deposit using any of the options on offer.
You will then need to use your deposit along with your welcome bonus to play casino games of your choice.
Should you be unlucky and lose money while playing, this is when you’re then able to claim a cashback bonus. You will get a percentage of cashback after a promotional period.
The casino will then automatically add your cashback bonus into your account, which you can then use to play more casino games or be able to withdraw it.
Types Of Casino Cashback Bonus Options
Most gambling websites work in different ways. Some casinos will send players their cashback promotion via email with all the details on how to claim. Then there are some casinos which will require you to register to the cashback program. This type of casino will have this information on their promotional page with sign up links. Alternatively, you can also just contact customer support using their live chat email or telephone in order to join the program.
The most popular type of cashback bonus is one found in loyalty and VIP programs. Once you have reached a particular program level, you will then be entitled to weekly or monthly cashback bonuses. The percentage of the bonus will then increase depending on the level that you are on. Other cashback bonuses include cashback on deposits on all your losses daily, weekly or monthly.
Terms And Conditions of A Cashback Bonus Rewards
Not all casinos will have a wagering requirement for the cashback bonus; however, some casinos do. Before you can claim this cashback bonus, it is important to know what is required of you from the casino.
For instance, if the casino offers a cashback bonus for their loyalty or VIP program, they may be very low or no wagering requirements at all.
The most common requirement found with cashback bonuses is the time frame in which you must play the bonus. Some casinos will have a 7-day playthrough of a cashback bonus which means you have to use the bonus in the seven days after you have claimed the bonus.
Another term and condition to look out for is the maximum cash out. Gambling websites will have a maximum amount of cashback bonus that you can receive. For instance, if there is a 25% cash back on a maximum of $1000. If you lose $10, you won’t receive 20% of the $10. Instead, you’ll receive the maximum cashback of a thousand dollars.
Top Cashback Bonus Casino
Instead of spending hours searching for casinos after cashback bonus, we have included the top casinos that offer this bonus. Not only will you find a cash back bonus at the casinos; however, they also offer a generous welcome bonus and are some of the top gambling sites in Australia. Not to worry, we have played and reviewed each of these casino sites and can wait for them.
20% daily cashback
Only for slots with a 5x wagering requirement for 24 hrs.