There are so many types of bingo bonus out there and each come with different terms and conditions. These can get confusing quickly and it can be hard to tell which one that you want to look out for. One of the best ways to get more for your money is to get online bingo cashback, which will give you money back on your spend.
What is a cashback bonus?
A cashback bonus is just one of the types of bonuses that you can claim but it’s a bit different as it is applied retroactively. This means that you have to spend your cash before you get the money back, unlike a redeposit bonus in which you would receive your bonus at the time of depositing.
Usually a site will count up the amount that you have spent during a set promotional period and then give you a percentage back. In some promotions this will be staggered so that if you spend more on the site you’ll get a higher rate of cash back.
Compared to other bonuses
As we’ve mentioned these bonuses are usually credited after the money has been spent, unlike some bonuses that credit you as you deposit. A no deposit bonus, first deposit bonus or reload bonus are all credited at the time of depositing but you can sometimes use a cashback bonus at the same time. If you deposit at the start of the promotional period and then spend your bonuses and cash you may be eligible to receive cashback on the total spend, but these terms may vary.
The closest thing to cashback bingo is a loyalty scheme, as you receive something back each time you play. Loyalty schemes may reward you with free bingo tickets or spins but a cashback bonus will give you the funds you need to select from these.
Can you get real money back?
For the most part cashback is credited as a bonus to players, not as withdrawable cash, but there’s nothing to stop you from playing this bonus on other games and winning a jackpot. There are some promotions that will give you these funds back in cash but it’s always best to check the terms to make sure you know what you’re getting.
Are there wagering requirements or caps?
As with most bonuses cashback comes with a number of strings attached to stop the bonus from being abused. They will have a maximum amount of bonus given and the date that it will be paid out on displayed on the promotions page.
If your cashback is given as bonus funds, rather than real cash, then there will be wagering requirements applicable to these. These change from site to site so you can have a look at their bonus conditions before you play to make sure you make the most of your bonus.
Best cashback bingo sites
The following are our top sites to get cashback on your bingo wagers on, and they each offer superb welcome bonuses to start with.
– You’ll be glad to get cashback on this site as there are so many games to join in on. They offer a variety of bingo and slot games with regular cashback promotions on the site.
– Raise a glass to this site and get involved in their VIP loyalty scheme. The highest levels of this scheme offer the biggest bonuses, including cashback.
– This is a site with a funky theme and a sweet twist, their games will keep you in bonuses as they’ll make you want to spend even more time on the site. This site’s cashback is claimed through their loyalty scheme too, so the more you play the better.