cashback

noun
UK /ˈkæʃ.bæk/
US /ˈkæʃ.bæk/

Money you get back when you buy something.

The store gives you 5% cashback when you pay with their card.


OTHER MEANINGS

2. A way to get cash from a shop when you pay with a card and take extra money out.

I asked for cashback at the supermarket and got twenty pounds.

3. A reward program where a company gives you a small part of what you spend.

Her credit card offers cashback on groceries and gas.

4. A refund of part of a payment, often given after you buy a product.

The phone came with a cashback deal if you mailed in the receipt.