Cashback Meaning – What is, Definition, How to Get, Types

Cashback is a type of reward program that provides customers with a percentage of their purchase amount back in the form of cash. It is a great way to save money on everyday purchases and can be used to help offset the cost of major purchases.

Cashback works by allowing customers to earn a percentage of their purchase amount back in the form of cash. The percentage of cashback varies depending on the retailer and the type of purchase. Generally, the more expensive the purchase, the higher the percentage of cashback. For example, a customer may receive 5% cashback on a purchase of Rs. 1,000. while they may receive 10% cashback on a purchase of Rs. 10,000.

Cashback can be earned in a variety of ways. Some retailers offer cashback directly through their website or app, while others offer cashback through third-party websites or apps. Customers can also earn cashback through credit cards, loyalty programs, and other rewards programs.

When a customer earns cashback, it is typically credited to their account within a few days. The cashback can then be used to purchase items from the same retailer or it can be withdrawn as cash.

Cashback is a great way to save money on everyday purchases and can be used to help offset the cost of major purchases. It is important to note, however, that cashback is not free money and customers should be aware of any restrictions or limitations that may apply to the cashback they earn.

Types of Cashback Deals

ListDescription
New User CashbackOffers cashback to customers who are using a particular service or making a purchase for the first time.
Minimum Purchase CashbackOffers cashback on purchases that meet a minimum spending threshold.
Referral CashbackOffers cashback to customers who refer new users to a service or platform.
Seasonal CashbackOffers cashback during festive seasons, special occasions, or limited-time promotions.
Payment Method CashbackOffers cashback on purchases made using specific payment methods such as credit cards, debit cards, wallets, or UPI.
Partner Merchant CashbackOffers cashback on purchases made from specific partner merchants or brands.

How to Get Cashback and Save Money

OptionsOverview
Shop SmartWhen shopping for items that offer cashback savings, compare prices and look for the best deal just settle for the first offer you
Read PrintBefore you make a purchase, make sure you understand the terms and conditions of the cashback offer. Make sure you know when the cashback will be applied and how much you’ll receive.
Use Cashback SitesThere are many cashback sites that offer additional savings on top of the cashback you get from the retailer. These sites can help you save even more money. such as CashKaro, MagicPin
Use Online CouponsMany online stores offer coupons that can be used in addition to cashback savings. These coupons can help you save even more money.
Track Your SavingsKeep track of your cashback savings so you know how much you’ve saved. This will help you stay on top of your budget and make sure you’re maximizing your savings.
Use Cashback Credit CardsMany credit cards offer cashback rewards. If you use your credit card to make purchases, make sure you’re taking advantage of the cashback rewards.

Cashback Payment Apps in India

Cashback payment apps are becoming increasingly popular in India, offering users the ability to save money on their purchases. These apps provide users with a percentage of their purchase amount back in the form of cashback, which can then be used for future purchases.

Cashback payment apps are a great way to save money on everyday purchases. By using these apps, users can save a significant amount of money on their purchases, as the cashback amount can be quite substantial. The cashback amount can be used for future purchases or can be withdrawn as cash.

Cashback payment apps are easy to use and are available for both Android and iOS devices. All you need to do is download the app and register with your personal details. Once you’ve registered, you can start making purchases and earning cashback. The cashback amount is usually credited to your account within a few days, depending on the app.

These apps are quite secure and reliable, as they use the latest encryption technology to protect your personal data. Additionally, they offer a variety of payment options, such as credit, debit cards, net banking, and UPI. This makes it easy for users to make payments without worrying about their security.

App NameCashback OfferedSpecial FeaturesSupported Platforms
PaytmUp to 100% cashbackBill payments, mobile recharge, shopping, and moreAndroid, iOS
PhonePeUp to 100% cashbackUPI payments, bill payments, mobile recharges, and moreAndroid, iOS
Google PayUp to Rs. 1,000 cashbackUPI payments, bill payments, mobile recharges, and moreAndroid, iOS
FreeChargeUp to 100% cashbackBill payments, mobile recharge, DTH recharges, and moreAndroid, iOS
MobikwikUp to 100% supercashBill payments, mobile recharge, shopping, and moreAndroid, iOS
Amazon PayUp to Rs. 300 cashbackBill payments, mobile recharge, shopping, and moreAndroid, iOS

What is the meaning of Paytm cashback And How to Get it?

Paytm Cashback Offers are a great way to save money on your purchases. These offers are available on a wide range of products and services. You can get cashback on mobile recharge, DTH recharge, utility bills, shopping, and more. The cashback amount varies depending on the product or service you are buying.

How to Get PayTM Cashback MeaningOverview
Use Paytm wallet for all your paymentsPaytm offers great cashback offers on all types of transactions, so make sure to use the wallet for all your payments. This will help you to maximize your cashback and get the most out of your wallet.
Use the Paytm wallet for all your online shoppingPaytm offers great cashback offers on online purchases, so make sure to use the wallet for all your online shopping. This will help you to maximize your cashback and get the most out of your wallet.
Paytm’s promotional offersPaytm offers promotional offers from time to time, so make sure to take advantage of them. This will help you to maximize your cashback and get the most out of your wallet.
use Paytm for all your billsPaytm offers great cashback offers on bills, so make sure to use the wallet for all your bills. This will help you to maximize your cashback and get the most out of your wallet.
Refer And EarnUse Paytm Refer And Earn Features to get quick Cashback
Scan & PayScan and pay with A wallet or UPI Lite to get cashback of up to 100%

Best Cashback Credit Card in India

Are you looking to maximize your savings and get the most out of your credit card? If so, then you should consider getting one of the top cashback credit cards in India. Cashback credit cards are a great way to get rewards for your spending, and they can help you save money on everyday purchases. Cashback credit cards offer a percentage of cash back on all purchases made with the card.

This could be anywhere from 1% to 5% depending on the card and the type of purchase. For example, some cards offer higher cashback rates for purchases made at supermarkets or gas stations. The cashback is usually credited to your account within a few weeks after the purchase.

Here is the list of Best Cashback Credit Cards in India to Earn Cashbacks –

Credit Card NameCashback OfferedAnnual FeeKey BenefitsMinimum Income Required
Citi Cashback CardUp to 5% cashbackRs. 500Cashback on movie ticket purchases, telephone bill payments, and moreRs. 25,000 per month
HDFC Regalia Credit CardUp to 5% cashbackRs. 2,500Access to airport lounges, travel and dining benefits, and moreRs. 1,20,000 per annum
SBI SimplyCLICK Credit CardUp to 5% cashbackRs. 499Cashback on online shopping, dining, and moreRs. 20,000 per month
ICICI Bank Platinum Credit CardUp to 2% cashbackNilCashback on fuel, grocery, and utility bill paymentsRs. 15,000 per month
Axis Bank Buzz Credit CardUp to 5% cashbackRs. 750Cashback on online shopping at FlipkartRs. 25,000 per month
Flipkart Axis Bank Credit CardUp to 5% Cashback on FlipkartRs. 499Cashback and DiscountsRs. 15,000 per Month
Amazon Pay ICICI Credit CardUp to 5% Cash backNil5% To 3% cashback on AmazonInvited Only
HDFC Moneyback+ Credit Card10X CashpointsRs. 50010X CashPoints on Amazon, BigBasket, Flipkart, Reliance Smart SuperStore & SwiggyRs. 20,000 minimum salary

Best Cashback Websites in India

Website NameCashback OffersMinimum PayoutPayment Methods
PaytmUp to 100% cashbackRs. 1Paytm wallet, Bank Transfer
CashKaroUp to 90% cashbackRs. 250Bank Transfer, Gift Cards
GoPaisaUp to 90% cashbackRs. 50Bank Transfer, Gift Cards
CouponDuniaUp to 70% cashbackRs. 100Bank Transfer
FreechargeUp to 100% cashbackRs. 10Freecharge wallet
MobikwikUp to 100% cashbackRs. 5Mobikwik wallet, Bank Transfer
ZingoyUp to 80% cashbackRs. 1Paytm wallet, Bank Transfer
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