We’re all familiar with cashback offers from department stores or through store cards. With bingo sites, you may find a similar system in place that gives you a cashback bonus, based on the amount that you spend. Check out our guide below to learn all about them.
First up, here are our favourite sites for getting some cashback deals:
Big Tease Bingo
There’s a brilliant loyalty scheme here that will reward you with cashback each month. The more you spend, the more you’ll get! [Read full review]
The Lifelong Cashback offer on this site is great and means you will always get between 5% and 15% back on your spend. [Read full review]
As part of the VIP scheme here, you will automatically get a monthly cashback bonus to be added onto your balance. [Read full review]
To fully understand these offers, you should read into the T&Cs on site.
What is a Cashback Bonus?
A cashback bonus is one that’s calculated based on your net losses and expressed as a percentage. This could be calculated over a certain period of time or just on one game. The site will specify the percentage you get and then credit that into your account. It can be credited to you as a bonus or in some cases as real cash.
The most common way to get a cashback bonus is through a VIP scheme on a bingo site. Usually, these systems are tiered to give you a higher percentage based on your loyalty level.
How does a Cashback Bonus Compare to Other Bonus?
Before we get right down to comparing online bingo cashback to others, we should first take a look at the different types of cashback. Here are the most common ones that you’ll find:
- On Specific Games – Certain games can be included in cashback, this may be as part of a promotion or slot tourney. Only losses on this specific game will count.
- For VIPs – Those who are part of a VIP scheme will see their cashback percentage displayed on the site. This is a great way to get regular perks on your gaming time.
- Promotional Offers – One off or special offers with cashback are pretty common, just check in the promotional areas of a site often. These special offers can be to celebrate the release of a new game, to coincide with another promotion or something similar.
Now, let’s take a look at the pros and cons of these bonuses when compared to deposit offers:
|Deposit Bonus||VIP Cashback||Specific Game Cashback||One Off Offers|
|Pros||Reloads can be offered on every deposit.|
Players can deposit more if they want more bonus funds.
Full choice in what games you want to play on.
|Regular boosts to your balance to keep you topped up.|
You’ll get it just for playing, no additional effort required.
Could be credited as real cash, which has lots more flexibility.
|Great way to try out a game that you may not have otherwise tried.|
Easy to find on most sites.
|Can be a more exciting way to get some additional bonus funds.
May encourage you to try new games or play more often.
|Cons||You always have to pay in to get it. |
There will be minimum and maximum limits.
These may not be as common after the first deposit.
|You have to spend throughout the month to get higher bonuses.||There’s not a massive choice in the games that you can play on.||You can’t rely on getting these.
The terms of the promotion will differ and may not always suit you.
Can you get Real Money Back?
On most sites you will not receive real money back. Instead, you’ll be gifted in playing credit. This means that when you gain the credit you’ll be able to use it on the site to play more bingo and more slot games. Cashback gives you a second chance to win. If you’re successful this time around you will be able to withdraw winnings gained from cash back funds, however, you’ll often need to check the wagering requirements for the site you are playing on.
Are there Wagering Requirements or Caps?
On many sites, you will encounter both wagering requirements and caps on cashback bonuses. These will often differ depending on which site you are currently playing on. Be sure to check the wagering requirements as you many need to wager a high level of cash just to withdraw winnings gained from cash back. Try to aim for a site that has low wagering requirements. The cap on the level of cashback you will be able to withdraw will also be dependent on which online casino you visit.
Now that you know everything you need to know about cash back, make sure you make the most of it. Rest assured that we’ll continue to keep you up to date with the latest cashback bingo offers, so check back with us soon!