How Cashback Works
Cashback pays you a % of every purchase — no math, no expiry.
Updated June 25, 2026 · 3 min read · By Loyalty Concierge Editorial
Cashback basics
Cashback is the simplest reward — you get a percentage of your spending back. Cards vary between flat-rate (1–2% on everything) and tiered (5% on groceries, 1% on everything else).
How you get paid
- Statement credit (most common)
- Deposit into a chequing account
- Redeem for gift cards