Banks are increasingly tempting customers with various types of bonuses. Thanks to them, we can save money or get freebies. One of the frequent bonuses associated with the use of bank accounts and cards is moneyback. What exactly is it and how can we get it?
Moneyback, as well as cash back or money back is a bonus consisting in the reimbursement of expenses to the client. This is a banking service that allows the user of an account and card to get a refund of some of the costs incurred for shopping – this applies to non-cash transactions, i.e. card payments in stationary and online stores.
Attention! It is worth pointing out that the moneyback bonus should not be confused with the chargeback service, which consists in a refund of costs to the customer in case of dissatisfaction with the transaction made with the payment card.
How does moneyback work?
Let’s focus on moneyback. What exactly is this type of promotion based on? Its main purpose is to return clients funds for carrying out a payment card transaction, as we have already mentioned.
In practice, moneyback involves returning a specific sum – usually between 1% and 5% for purchases made. The reservation concerns the amount of the maximum bonus that can be obtained. For example, when we issue a PLN 1,000 card in a given month, then we will be able to receive a bonus of 10 zlotys refund per account.
We must remember that not every transaction made with the card can be subject to moneyback. Often, the bank only rewards certain expenses, for example, made in specific stores. These promotions can change every month, so you should keep track of them to get the most return.
Choose an account from moneyback
Not every bank offers its customers a moneyback service – if we want to use it, we will need to have a proper bank account. For this purpose, we should look at various billing offers and see which bank gives us the opportunity to choose this promotion and on what terms we will be able to use it.
Choosing the right bank account allowing the use of bonuses can help us with online comparison websites and rankings – we can find out where the best proposals await us.
Moneyback encourages you to spend larger sums
It is also worth pointing to one more issue, namely the fact that promotions available under moneyback very often encourage customers to spend larger sums. If you have difficulty keeping your home budget in check, moneyback should be used with caution so that it does not turn out that much more spent, and the bonus will not be able to compensate for our expenses.
In summary, moneyback is a very good offer for anyone who wants to take advantage of additional bonuses and earn from their purchases. The return of each month will allow us to get extra money . However, we must remember to use the promotion carefully so that it does not turn out that we spend much more on it than we can. Detailed information about moneyback can be found online now.