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How to use cashback correctly
Cashback is a system for returning a portion of the money spent on purchases or services. It allows consumers to benefit from their daily spending without making any effort. These are not points that can be redeemed at the next purchase in the same store. It's real money that is returned to a person's bank account and can be used in any way they want.
Proper use of cashback tools can significantly save your budget. To get the most out of it, you need to:
- Compare the offers and choose the one that offers the highest percentage of refunds for basic expenses. GlobusPlus has 20%.
- Connect the categories in which you spend the most money each month.
- Check for promotions for an increased percentage for certain groups of goods or services.
- Plan your purchases to get more cash back.
How cashback works
Having figured out what cashback means, let's tell you how it works:
- you buy a product or service in partner stores;
- the bank that made this transaction receives a certain commission;
- part of this amount is returned to the client in the form of cashback.
After accumulating a certain minimum amount, you can withdraw money to your account.
Advantages of cashback
The process of returning part of the money for purchases has several advantages:
- direct refunds;
- Increased purchasing power;
- convenience and automation of the process;
- variety of offers;
- bonus programs;
- customer loyalty;
- tracking purchases;
- motivation to save money;
- the ability to use less cash.
Many cashback credit cards offer additional services, such as purchase insurance or an extended warranty.
What is not included in the cashback from GlobusPlus
The GlobusPlus cashback program offers a refund of up to 20% on GlobusBank offers, and from 1% to 10% on other categories. However, not all purchases can bring additional money. Such expenses include:
- payment of taxes and duties;
- repayment of debts and loans;
- payment of fines and fees;
- purchase of precious metals;
- cash withdrawals from ATMs;
- P2P transfers;
- purchase of traveler's checks and bonds;
- replenishment of digital wallets;
- participation in lotteries, casinos, etc.
In the GlobusPlus mobile application, you can choose three banking categories and an unlimited number of offers from partners every month, which allows you to tailor the program to your needs.
How to activate cashback from GlobusPlus
To take full advantage of the benefits of the Bank Globus loyalty program and activate cashback, you need to:
- install the GlobusPlus application, open any of the offered cards;
- click “Cashback” on the main screen, select categories;
- make payments with cards with activated cashback.
How to withdraw cashback from GlobusPlus
To withdraw the accumulated cashback from GlobusPlus, you need to:
- open the GlobusPlus mobile application;
- go to the Cashback section;
- swipe the page to the left;
- choose a card to credit the funds to;
- click the “Withdraw” button.
The money, including a 19.5% tax, will be credited to the specified card.
