Cashback is everywhere: banks and stores are ready to return part of the funds for card purchases, airlines are ready to encourage
In the article - how the refund is arranged and how to buy offline and online with cashback.
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What is cashback
Cashback- this is part of the funds spent on a purchase with a card, which the bank or store is ready to return to you.
Cashback can be obtained in two ways:from a bank or cashback service. Cashback from the bank can be for purchases with a debit card in a retail or online store (cashback has already appeared in credit cards, but mainly there are other methods of promotion and attraction, for example, a credit limit and an interest-free period). For purchases from partners (shops, cafes, services) of the bank - increased returns. Cashback does not work for cash.
Refunds from the cashback service can only be obtained for an online purchase (through the website or application) from a service partner.
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Return from the bank for purchases with a card
Different banks are ready to return a different percentage of purchases with a card: mainly from 1 to 30%, depending on the purchase category and the partner of the bank.
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For example:
Tinkoff Bank accrues on Tinkoff Black carda fixed 1% for any purchases from 100 rubles, 5% for purchases in the selected categories and up to 30% for purchases from partners. Cashback comes to the card in the form of a money transfer.
Sberbank rewards customers for card purchasesbonuses THANK YOU. 1 bonus is equal to 1 ruble discount. You can spend THANKS bonuses only with partners of the bonus program (from the well-known Burger King, Petshop, liters, Cinemapark, L’Etoile). Sberbank returns from 0.5% for any purchases and up to 11% for purchases from partners on special offers (if you follow promotions, the cashback may be higher). Bonuses are displayed in your personal account after purchase.
AlfaBank debit card cashback at any gas station up to 10%, in any cafes and restaurants up to 5%, the return on other purchases is up to 1%.
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Why should a bank return money
With the help of cashback, the bank attracts new and retains old customers. Another cashback bank encourages you to pay with a card, not cash.
Every time you pay with a card inthe store, your bank, the seller’s bank and the payment system (VISA, MasterCard, Mir) participate in the operation. All of them receive a commission. All fees are paid by the seller. In order for you to use the card more often, the bank is ready to give you part of its profit from your operation - often 1%.
Refund from cashback service
There are a lot of cashback services, the most popular in RussiaLetyShops, ePN Cashback, Kopikot and Cash4Brands. All of them offer one thing: buy from a partner store and get a percentage return. Differences in services in the number of partner stores, percentage of return and conditions for withdrawing funds.
Why cash back service to return money
Just as a bank needs customers, a store needsbuyers. The store uses the cashback service as advertising. The cashback service brings customers, receives a commission from the store for this and shares it with the buyer.
What online stores participate in cashback
Many large online stores that you use cooperate with cashback services: Ozon, AliExpress, ASOS, Lamoda.ru, Booking.com, Aviasales.ru, M. Video, Sportmaster are just a few examples.
A full list of partner stores is available on the website of each cashback service. For each store, the percentage of the purchase that you get back is indicated, and what the cashback rate depends on.
How to buy through cashback service and apply for a refund
All cashback services are designed in the same way. You need to register on the service website, select the desired store, click on the link from the website and place an order. We will show by the example of LetyShops.ru how cashback works with online purchases.
1. We go to the website LetyShops.ru and register. A personal account is needed to then withdraw funds.
2. After entering the login and password, you need to select the country and currency. These parameters cannot be changed later. Then you need to confirm the email.
3. After confirming the password, you can proceed to shopping. We select the desired store among the service partners. In our case, this is AliExpress.
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4. Click on the coupon of the desired store.Read the terms of purchase on AliExpress with returns. It is important to familiarize yourself with the terms and conditions, because different categories of purchases have different return percentages. In addition, various details are described that may affect the cashback. According to the service, the average waiting time for funds to be credited is 33 days. You also need to familiarize yourself with the technical requirements (you may have to update the AliExpress or Letishops application if you are not purchasing via a computer).
5. After reviewing all the requirements, follow the link to the store.
6. During the transition, cashback is activated.
7. Using the following link, we find the desired product and place an order.
8.After placing your order, return to your LetyShops personal account, section “Orders and finance”. Within 24 after purchase, your purchases and the amount of funds to be returned should be reflected after confirmation of the purchase by the online store. You will also receive notifications about the availability of cashback and for what purchase to the email specified during registration. Withdrawal of funds is described in detail in the corresponding section. The minimum amount for withdrawal is 50 rubles.
We made an order in the amount of 1 012.96 rubles. in the section of interior items. To return - 31.82 rubles. (a little over 3%). To understand why such a cashback rate is chosen for your purchase, you need to spend a lot of time studying the purchase rules on the LetyShops website.
9. If the cashback is not reflected in your account, write to the technical support service.
According to the service, to get cashback faster, you need to confirm receipt of the order on the AliExpress website.
Additional cashback features
In addition to the main - cashback for the purchase - services,in particular, LetyShops give promotional codes to increase the size of the returned funds. You can also share an affiliate link with friends and receive 15% of each cashback of a user who has registered using your link.
What is the result
If you hardly pay with cash, choose and get a card from which you will receive monthly cashback on purchases. Two or three thousand at the end of the month on the card will definitely not be superfluous.
If you buy goods in an online store,save with cashback services. Choose the right thing and read how to buy it with a refund and calculate how much money you should return. This will not take much effort and time, and from not only the necessary, but also the best purchase, you will be doubly more satisfied.
Do not make spontaneous online purchases: decide on the product, and then learn how and where to purchase more profitable. Today there are many opportunities for economical shopping, but there is more temptation for unnecessary acquisitions.
Reasonable and economical shopping for you!