cashback
nounUK /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.
RELATED WORDS
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.