Cashback Bonuses & How they work!
Get the lowdown on Cashback Bonuses and how they work! Discover the ultimate way to bounce back from losses and enjoy extra rewards in the world of online casinos. Find out all you need to know about this fantastic perk that puts money back in your pocket.
Are Casino Cashback Bonuses Legal in the UK?
Like all other casino bonuses listed here at CasinoHawks, cashback bonuses are indeed legal in the UK! So long the casino is licensed by the UK Gambling Commission (UKGC) – and we only recommend casinos with such a license – then you can stand assured that you can get your hands on this much sought-after promotion.
Best Cashback Bonuses in the UK
Since you’re on this page, you’ll be asking where the best cashback offers are currently available in the UK. Well, the answer is obvious – right below!
888 Casino – Win Cash By Playing!
888 Casino rewards loyal customers by giving them Comp Points as they play. Collect these Comp Points, and once you get enough, you can redeem them into cash! Each £10 wager awards you with 1.5 Comp Points, and 150 points are worth £1. Easy, right?
PlayZee – Go For Zee Points!
The PlayZee loyalty scheme involves what the casino calls Zee Points. You earn these points as you play and make deposits, and each day of the week involves a different promotion that allows you to get even more points. The one exception is Sunday, which is Zee Day – the day you get 10 bonus spins (or Zee Spins) for every 500 Zee Points accumulated over the week!
Amber Spins – A Loyalty Scheme With a Monthly Cashback
Amber Spins has a level-based loyalty program that starts as soon as you join the casino. You start at Level 1, which awards you with daily free spins. You get up the levels the more you deposit, and once you reach level 4 you start getting a monthly cashback where a percentage of your losses will be credited as games bonus funds.
Casumo – Get Valuables As You Play
“Valuables” are the different bonuses you can receive from Casumo. They can be anything from bonus cash and deposit bonuses to bonus spins, and each one has all the information you need to activate and use it. Earning Valuables is simple – you just need to play!
Slotnite – Level Up For Rewards!
Every deposit you make and bet you place at Slotnite awards you XP! These points go in the XP Level Bar found in your profile, and once it’s full, you get to level up. Increasing your level unlocks rewards, which can include bonus funds (which come with a 35x wagering requirement) as well as free spins.
Barz Casino – Where Barz Mean Prizes
Barz Casino has a loyalty program that involves, well, Barz. Wager £10 and you can get up to 2 Barz, depending on the type of game you are playing. What do you do with these Barz? Collect 1,000 and you can redeem them for £5 in bonus funds! You can redeem up to 10,000 Barz in a day, and the bonus funds have a 40 wagering requirement.
What Exactly is a Cashback Bonus?
In a few words, a cashback bonus has a casino give back some of the money a player has lost betting on its game. The percentage is usually fairly small at around 10-20%, but as a rule it is given back with no strings attached. This way, two birds are hit with one stone – the player makes up for unfortunate losses while the casino gains their loyalty.
Why are Casinos Offering Cashback Bonuses?
As explained above, cashback bonuses are an excellent way for casino sites to earn their customers’ loyalty. After all, who would say no to an amount of cash, no matter how small, paid back directly to their accounts every few weeks, especially when no wagering requirements are involved?
Cashback vs Other Bonuses
| Feature | Cashback bonus | Welcome Bonus | Deposit Match Bonus | Free Spins Bonus |
|---|---|---|---|---|
| Percentage Cashback | Yes | Sometimes | Yes | No |
| Cap Amount | Yes | Yes | Yes | Yes |
| Requires Deposit | No | Sometimes | Yes | Sometimes |
| New Players Only | No | Yes | Sometimes | No |
Pros and Cons of a Cashback Bonus
| PROS | CONS |
|---|---|
| Better returns | Limited availability |
| No wagering requirements | Max caps might be involved |
| Doesn’t affect other bonuses | Generally only offered to new players |
| Easy to activate |
How Do Cashback Bonuses Work?
This is where you might need to break out the calculator, but don’t worry, the maths involved is not too complicated here. Let’s say that a bonus involves a 20% cashback capped at £100. This means that if you lose £500 at 20%, then you get the maximum bonus of £100. However, should you lose more than £500 you will still just get £100. In case you’re not that much of a high roller, if the cashback is at 10% and you lose £100, then your bonus funds will amount to £10,
Types of Cashback Bonuses
Different casino sites can offer different types of cashback bonuses. Here are some of the more common ones we have noticed during our research:
No Wagering Cashback Bonus
A no wagering cashback bonus is a cashback that lacks any wagering requirements. This means you do not need to wager it a certain number of times before you can claim it.
Weekly Cashback Offers
As the title suggests, a weekly cashback offer is indeed a cashback bonus that is calculated over a weekly period.
Daily/”Unlimited” Cashback Offers
A rare but very generous offer, a daily or “unlimited” bonus gives you the cashback based on the amount you lost on a particular day as opposed to a full week or month.
VIP Cashback
A VIP cashback is generally the cashback bonus that is part of a loyalty program. As a result, the more you play the bigger the cashback you will get.
How to Cash Out After Using a Cashback Bonus?
Withdrawing your cashback bonus depends on whether or not it has a wagering requirement. If it doesn’t, then you can withdraw it immediately from the casino’s cashier section. If it has a wagering requirement, however, then you need to wager that cash for a number of times, as indicated by the bonus’ Terms and Conditions. Some bonuses might also have a cash-out limit, meaning you will not be able to withdraw the full amount on the same day.
Solutions to Common Issues
- I got less of a cashback than I thought I would!
You should always check the Terms & Conditions before committing to any bonus offer, as this might involve specific periods during which the cashback is calculated, or they might restrict it to specific slots or casino games.
- I cannot withdraw my cashback!
Some cashback bonuses might have a wagering requirement, which requires you to wager the cashback a certain number of times on eligible games before you can withdraw.
- My cashback disappeared
Your cashback bonus might have a period of validity during which you must fulfil the wagering requirement. As a result, this could lead to your bonus disappearing.
Tips When Using a Cashback Bonus
There are some great options when it comes to cashback bonuses in the UK. These offers make an excellent way of getting something back for your losses, and a welcome treat for loyal customers! As you get your hands on a cashback bonus, do check our tips below to get the most out of these offers:
- Always read the Terms and Conditions
- Check the wagering conditions before picking up a bonus
- Make sure your payment methods are accepted for your bonus
- Look out for location restrictions
- Check on the withdrawal times
- Check if your bonus is given for one session or if you have to play for a certain number of days to use it all