Cashback: meaning, definitions and examples
๐ต
cashback
[ หkรฆสหbรฆk ]
financial incentive
Cashback is a financial incentive that allows customers to receive a percentage of their purchase amount back as a reward. This method is commonly used by credit card companies, financial services, and retailers to encourage consumer spending. Cashback can sometimes be available in cash or as points for future purchases. Customers often take advantage of cashback offers to enhance their savings on everyday transactions.
Synonyms
Examples of usage
- I received a 5% cashback on my recent online purchase.
- Many credit cards offer cashback on groceries and gas.
- Check if the store has a cashback program before shopping.
- I always use my cashback card for big purchases.
Translations
Translations of the word "cashback" in other languages:
๐ต๐น cashback
๐ฎ๐ณ เคเฅเคถเคฌเฅเค
๐ฉ๐ช Cashback
๐ฎ๐ฉ cashback
๐บ๐ฆ ะบะตัะฑะตะบ
๐ต๐ฑ cashback
๐ฏ๐ต ใญใฃใใทใฅใใใฏ
๐ซ๐ท cashback
๐ช๐ธ cashback
๐น๐ท cashback
๐ฐ๐ท ์บ์๋ฐฑ
๐ธ๐ฆ ูุงุด ุจุงู
๐จ๐ฟ cashback
๐ธ๐ฐ cashback
๐จ๐ณ ็ฐ้่ฟ่ฟ
๐ธ๐ฎ cashback
๐ฎ๐ธ cashback
๐ฐ๐ฟ ะบะตัะฑัะบ
๐ฌ๐ช แแแจแแแฅแ
๐ฆ๐ฟ cashback
๐ฒ๐ฝ cashback
Etymology
The term 'cashback' emerged in the late 20th century as a marketing strategy. It combines 'cash,' meaning physical money, with 'back,' suggesting a return. 'Cashback' programs grew in prevalence with the rise of credit cards and online transactions, particularly in the 1980s and 1990s. Retailers and financial institutions began to understand the importance of providing incentives to retain customers and encourage spending. Thus, cashback offers became an attractive feature for consumers eager to maximize their benefit from purchases. As the e-commerce landscape expanded in the 2000s, cashback websites and apps gained popularity, providing a new platform for consumers to access these incentives easily. Today, cashback has evolved into a common reward system utilized by various businesses to boost customer loyalty and engagement.