How Does Cashback Work?

The cashback reward concept was introduced back in 1986 by a major credit company and has been adopted throughout many other industries. 

Unlike traditional rewards points, which can be only used to buy goods or services or gift cards, cash rewards are (as the name suggests) literary cash. A percentage of the amount spent is paid back to the account holder. 

For  example, you might earn 0.5% to 2% on all your purchases made with your card. 

Yes, the main reason that the cashback was introduced was to get more customers to spend money. Retails, card companies and banks offer cashback to encourage you to shop or use your cards more. But if you use it right, it could help you save a lot of money. 

Nowadays, there are many websites and credit card companies offering this loyalty system. 

And if you are a Jeton Wallet holder you can get 1% cashback on all purchases. 

Using Cashback Sites – What to Avoid and What to Look for.

Cashback sites are paid by the retailers for sending customers their way and you get a percentage of their profit. There are many websites that offer cashback like Quidco and TopCashBack but before you use them you need to make sure you understand their terms before you sign up. 

Some of these sites can charge a membership fee so look out at the fees section carefully. It’s always good to compare the deals offered by the cashback sites so you won’t miss on a better deal. Also, some cashback sites won’t pay you until you’ve earned a certain amount of cashback so you need to look out for delayed payment. 

How to Get Cash Back Reward from Your Jeton Card.

Once you’ve made purchases with your Jeton Wallet, it’s easy to redeem the cashback that you’ve earned. In fact, redeeming cash rewards can often be easier than jumping through the blackout period hoops to redeem travel reward points. 

After every payment made with Jeton 1% cashback will be applied at the customer’s account balance.

Your earnings will be in the currency you pay. For instance, if you pay €1000, you get €10 Instant Cashback.

More Cash in Your Pocket. 

Participating in the cashback reward program can be a great way to save a little bit of money on all  your purchases.