What is cashback?

Cashback is a loyalty program provided by some banks and companies that allows users to get back part of the money for purchases made using certain bank cards or services.

The working principle of the cashback system is usually as follows: the user makes purchases using a certain bank card or through special partner programs, and a certain percentage of the purchase amount is returned to his account in the form of cashback.

The amount of cashback, as a rule, depends on the terms of the program and the category of purchase. For example, cashback may be higher for certain categories of spending, such as purchases in supermarkets, restaurants, or under certain conditions, such as the first purchase after card activation.