Online Casino Cashback Bonus
Cashback is one
of the least discussed casino bonuses in the US. Probably because of their association
with retail cashback offers where you get a very small percentage of your
purchases back. Online casino cashback bonuses are nothing like that.
Unlike first
deposit or free signup offers where the bonus money is added after your deposit
or registration, cashback money is credited as soon as you finish playing.
Players can make a deposit and play without worrying about bonus rules or
wagering requirements. If their session doesn’t go well, the casino will credit
some of the losses back to their accounts. And the best thing? Most cashback
money is instantly withdrawable.
The concept can
be confusing but don’t fret. We cover the basics of this bonus, outline the
best offers, and part with some tips and strategies to make the most of this
casino insurance bonus.
- US Players Accepted
- Instant Payments
- Payout Speed: 0-5 days
Deposit / Withdraw:
+1
Promo code: OCC
$2000
Welcome bonus
Min Deposit: $25
- 300% Welcome bonus
- Up to $2000
- Deposit $25 - play with $100
★★★★★ 5/5
- US Players Accepted
- Instant Payments
- Payout Speed: 0-15 days
Deposit / Withdraw:
+8
Promo code: CAWELCOME100
$6000
+100 Free Spins
Min Deposit: $20
- 1st Deposit code: SS250
- 2nd Deposit code: SS100
- Same day payouts
★★★★★ 5/5
- US Players Accepted
- Instant Payments
- Payout Speed: Instant to 15 days
Deposit / Withdraw:
+10
Promo code: WILD250
$5000
Welcome bonus
Min Deposit: $20
- Promo code: WILD250
- Huge range of banking methods
- Multiple bet types
★★★★★ 5/5
- US Players Accepted
- Instant Payments
- Payout Speed: 0-15 days
Deposit / Withdraw:
+20
Code: BETCASINO
$3000
100% Bonus
Min Deposit: $25
- 500 online games
- Huge range of banking methods
- Fastest payouts
★★★★★ 5/5
- US Players Accepted
- Instant Payments
- Payout Speed: 0-10 days
Deposit / Withdraw:
+8
Code: CAS150
Promo code: CAWELCOME100
Promo code: WILD250
Promo code: WILD250
Promo code: WILD250
What is a Casino Cashback Bonus?
A casino cashback bonus is a promotion usually reserved for existing customers. Some online casinos might offer it for new players, although rarely. In most cases, existing players can claim it based on the losses they have incurred within a specific period. Better rates apply to VIP users.
Unlike standard deposit bonuses or free spins, a cashback bonus doesn’t require commitment. Players can make a real money casino deposit and play freely. If their session or weekly gaming sessions resulted in net losses, the casino will reimburse a set amount as cashback.
The standard cashback rate is 5 – 25% on net losses, up to between $200 and $500. Higher VIP levels can benefit from higher cashback bonuses and at better rates.
Although most casino cashback bonuses are added automatically when the period of the promotion ends, sometimes users must contact the casino support team.
Also, depending on the offer, your losses at the end of the promotional period must be below $1 to receive cashback. Keep in mind that cashback bonuses might require you to opt out of other concurring bonuses. Some cashback bonuses are dedicated to specific slots and games, while others will reimburse you indifferently to where you played and lost.
Understanding how cashback bonuses work through this guide can help you see the benefits of this promotion:
- No restrictions in the first place
- Cashback money is usually wagering free
- The rates can be high for loyal players
- A bonus that keeps on giving
Types of Cashback Bonuses at Online Casinos
The basic concept we described above should explain how cashback bonuses work. However, you are likely to encounter more than a single form of cashback at online casinos. We touch upon the main ones below.
⚡ Cashback Welcome Bonus
The cashback welcome bonus is rare these days, but we see it in some US online casinos like FanDuel and Stars Casino. Such bonuses work like an insurance bonus for all gameplay within 24 hours of the first deposit.
If players end up with a zero balance, the casino credits a percentage of the losses as a bonus. Other offers credit cashback indifferently to your balance, as long as you have suffered net losses.
The standard cashback bonus rate is 100% up to $1000 or $2000, depending on the casino. Such offers are outstanding and much better than first deposit bonuses because they come with 1 – 3x playthroughs and no gaming restrictions. However, only high rollers get the most out of these offers.
⚡Regular Cashback Bonus
The most common cashback bonus at online casinos is offered on selected days every week, on weekends, or as a monthly cashback bonus. An offer might specify the games that must be played to qualify, although usually there are no limits.
Like with the cashback welcome bonus, for players who have zero balance or net losses by the completion of the cashback period, the online casino will credit some of the losses back. Such cashback offers will most likely provide a rate between 5% and 25% up to anywhere between $200 and $500.
The only downside of standard cashback casino bonuses is that they require a large amount to be lost to qualify, often over $100. Their rate isn’t impressive, too, especially when you compare them with reload bonuses that come with 100 – 200%. Adding to that, some cashback bonuses require users to abstain from all other casino bonuses to qualify.
⚡ VIP Cashback
The VIP cashback bonus works exactly like the above category, but high rollers who reach new VIP ranks get to enjoy better rates.
For instance, a rewards program might provide 5% cashback on level one, 10% cashback on level two, 20% cashback on level three, 30% cashback on level four, and 50% cashback on level five. Aside from better rates, the terms are also often more relaxed the higher the VIP cashback bonus.
The challenge is becoming a VIP in the first place.
How to Claim a Casino Cashback Bonus
The process required to claim a cashback bonus differs from all other types of casino bonuses. It’s not complicated, but it works in reverse fashion. We’ll get to it but in steps.
Register at the online casino
The obvious requirement to claim a casino cashback bonus is to be a member of an online casino with such offers. Luckily for you, there are several great casinos with cashback bonuses right on this page.
Select one, and use our links to learn more about its services or visit its website. There, you must click to create a new casino account. Certain information will be asked from you, including your full name, DOB, address, and phone number. As soon as you have completed these, you can submit the form. Login to your email address and verify your new casino account.
Make a real money deposit
To receive a cashback bonus you must first wager real money and lose. In most cases, you won’t need to enter a promo code to qualify for a cashback bonus, and not even opt-in. Instead, you must not use any other bonus offer when you make a deposit.
To add real money to your casino account, you must visit the casino cashier section, choose a payment option, and make a deposit. Most cashback bonuses require users to lose over $50 or $100 to kick in.
We advise going through the promotional terms to ensure you used your deposited funds within the cashback qualifying period and that it is higher than the minimum amount required to lose to redeem the cashback.
Play games
Cashback bonuses do not restrict gamblers in terms of gaming options. Essentially, your balance is not tied by any bonus terms after you make your deposit. You can choose any of the available online slots, specialty games, table games, or live dealers. Wager according to your preferences and wish for the best.
If you end up winning, you can cashout the amount without any issues. If it’s your first casino withdrawal, remember that you must complete the KYC process. In the case that you did not win your gaming session, you can follow the steps described below.
Claim your cashback
A losing gaming session is always a bad thing. Claiming a cashback bonus is never a happy procedure, since it means your initial real money deposit has gone to waste. Only players with a balance below $1 are usually eligible for a cashback bonus.
Such offers are usually credited automatically. Say it is a welcome cashback bonus, after your real money deposit, you’ll get a percentage of your losses back as bonus funds. Existing player cashback promos are usually active within set periods. Say you lost money on Wednesday, the cashback bonus might kick in on the following Monday.
If the money is not credited automatically or you have any questions, the casino support team should be able to help. A few operators credit cashback bonuses via this route, although the majority will add your funds without having to send a message.
Terms and Conditions Associated with These Offers
The great thing about cashback bonuses is their flexible rules and lack of limitations. For one, you are not tied by any terms at the point of your deposit or while playing real money at casino games. Any winnings can be redeemed instantly and you can play the games you prefer.
Common casino terms that usually do not apply, or are more lenient, with cashback bonuses include:
- Wagering requirements – this number indicates the number of times your bonus funds must be played in the games before they become cashable. Cashback wagering requirements are minimal, or non-existent, ranging from 1 – 3x. A 2x WR on a $50 cashback offer means that you must play $100 before cashing out any winnings.
- Betting restrictions – to qualify and wager cashback casino bonuses you will usually be able to bet on any game, and as much as you like.
- Promo codes – a casino will rarely ask for a bonus code to opt you into cashback bonuses. Instead, you must not redeem other coupons.
- Maximum bonus cap – it’s not uncommon for online casino cashback bonuses to be free of max bonus caps, with a percentage of the losses credited indifferently to how much money you lost in total.
Terms that do affect cashback casino bonuses exist, and you must understand them well to make the most of them. We cover each in detail below.
Qualifying Balance
Online casinos won’t give cashback to winners or players who haven’t gone all out. To qualify for a cashback bonus, your balance must be zero, near zero, or below $1. That’s in contrast to rakeback offers, which kick in indifferently to your balance, but as a loss percentage.
Qualifying Deposit/Period
A cashback bonus might apply to a single deposit or for a timeframe.
Cashback deposit bonuses are offered for new or existing players where opt-in through promotional banners or codes is required. In such instances, you must be wary of accompanied terms like qualifying games, minimum deposits, etc.
The most common cashback bonus type extends over 24 hours, a weekend, a week, or a month. Whatever total amount you have deposited minus any withdrawn winnings during that period will count as your total balance. If at the end of the cashback promotional period, your balance is less than $1, the cashback will kick in.
Opting out of other promos
Players must avoid all other promos and bonuses to be eligible for a cashback offer. That’s unless the cashback is a VIP promotion that is calculated across long periods. In such cases, any lost bonus funds will not be included in your net losses.
Cashback activation
Cashback bonuses are either activated automatically when the cashback period has ended or you must contact the casino’s support team to ask for your money. For the latter, we advise using the live chat service as soon as you meet all the promotional criteria.
Rate/Value
Cashback bonuses are like deposit bonuses in terms of how they are awarded. Each offer will outline a specific cashback rate and maximum bonus cap that can be redeemed.
This value will apply to your net losses within the set period. Say you made total deposits of $3000 within the cashback period, withdrew $500, and there incurred net losses of $2500 with a 50% cashback bonus up to $500. Then the casino will credit your account with $500.
Tips for using a Casino Cashback Bonus
Because cashback bonuses are not as heavily restricted as other casino bonus types, there are just a few minor things that you can do to make the most out of them. Below, you can find some strategies that could help you make the most of cashback offers and hopefully turn your balance positive.
🔥 Maximize the bonus – there is no point in making frequent withdrawals if you are planning to play for longer. Since withdrawals are deducted from cashback bonuses, we suggest playing until you are content.
🔥 Understand the bonus terms – knowing how much you must win or lose and when is essential to get your cashback. All rules applicable to this promotion are discussed above, so just look for them in the casino you are playing and you are good.
🔥 Go all in – if you’ve found yourself a great cashback casino bonus, say 50 – 100%, there is no reason to hold back. Deposit as much as the maximum cashback bonus allows, and play without worrying for a second. There is no better way to try out larger bets in the hope for bigger wins than usual.
🔥 Stay loyal to the casino – cashback bonuses are often reserved for VIP players, with better percentage rates for high rollers. Find yourself a good cashback casino and stick to it for better long-term value.
🔥 Cut your losses – since most cashback casino bonuses come with low or no wagering requirements, it can be a good idea to withdraw any funds credited back to your account. Often, players are angry after a losing streak and throw away their cashback money on a single roulette spin or at $20 slot bets. Why not cut back on your losses instead, and live to play another day?
Online Casino Cashback Bonuses Comparison
Feel free to choose any of the above, since our team has reviewed these operators and they rank highly across numerous criteria; licensing, security, safety, game variety, and of course, bonuses.
Conclusion
While players often join online casinos to redeem massive welcome bonuses and no deposit offers, there is no better strategy than playing with a cashback bonus. Such offers let you skip restrictive terms and conditions, enjoy the casino in full, and get something back as a second chance if things don’t go as planned.
We’ve provided you with the best casinos and their cashback offers already. All you must do is signup and start wagering knowing someone has your back.
