Many online casinos offer players a cashback bonus. If you prefer using cashback promotions from online shops and other services, you will probably want to use cashback on casinos. However, casino cashback bonuses are different, and most of them are not designed in favor of players. So you must be very careful when choosing between online casinos that offer cashback.
What is cashback at online casinos?
Canadian casinos can offer you daily, weekly, and monthly cashback on losses. It means that you can claim a percentage of your lost money back. Most casinos will give you a 10% cashback. But there are websites, on which you can find 15% and even 20% cashback. The biggest cashback is usually given to high-rollers and VIP players.
Speaking of VIPs, some online casinos give cashback as a reward from a loyalty program. As you progress through the levels and gain new statuses, you can receive a bigger cashback every time you level up. Thus, you can start from 2%, for example, and progress to a 20% cashback.
If you like the idea of increasing cashback in a loyalty program, check out the best Canadian cashback casinos.
How to receive cashback
To claim a casino cashback, a player needs to lose some money on games. As a rule, cashback is given on net losses in different games. But it can also be limited to slot games only, which means you can only play slots to qualify for cashback.
There are formulas, with the help of which online casino operators calculate cashback. It usually excludes bonus money wagers.
Some casinos require players to spend at least $100 on games to receive cashback. All conditions for receiving and using cashback are different at particular casinos. This is why it’s recommended to read the terms first.
How to choose a cashback casino
If you are choosing a casino according to its cashback bonus, you need to consider a few things. First of all, you should realize that cashback is just a bonus covered under a different term.
Most casinos will credit cashback on your bonus balance and require you to wager it as any other bonus. But this isn’t actually a cash back. It’s bonus money calculated on the basis of your losses. This is why you need to be careful and always read the terms.
Although it’s rare, you may find a cashback casino with the following terms for cashback:
- No (or at least low) wagering requirements
- High maximum cashback limits
- No restrictions on games
As we said, most casinos give cashback depending on your status. The amount of cashback may also depend on it. Thus, while low-status players receive up to $100, VIP players can get up to $1,500 and more as cashback.
Cashback sounds like a nice offer but you need to be careful when choosing it. Some casinos offer cashback as a real cashback with the money that you are free to use as you wish. But sometimes players receive nothing but extra bonus money, which is also pretty nice for some players.