When you log on to bingo sites for the first time, the number of different promotional offers can be slightly intimidating. Many offers come in the form of a deposit bonus, however, these are not the only form of bonus available. Another of the most common bonuses available to players is the cashback bingo bonus. This type of bingo bonus can be found on many bingo sites, however, the best are likely to be found on those listed below.
In addition to many other perks, this site will reward its loyal members with cashback bonuses! Start out with a £2520 welcome package!
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What is a cashback bonus?
Since you’ve now been told where you can take advantage of a cash back promotion, you’ll now be intrigued to find out exactly what it is. Basically, a cashback promotion allows you to claim back cash which you have already wagered in some of the site’s games. Unlike a redeposit bonus, you will not receive your playing credit straight away. Instead, you can apply to have your cash back at the end of a set period depending on the level of deposits you have made. Often the cash that you claim will only be eligible to be returned if you have wagered but not won with these funds. The level of cashback you will receive can differ from site to site. Cashback promotions, as you can see from the above examples is very often tied to a site’s loyalty scheme. Therefore, the more loyalty points you have and the higher up the scale you are, the higher your cashback entitlement is likely to be.
Can you get real money back?
It is unlikely that you will receive real money back. Instead, like a redeposit bonus you’ll receive your funds in the form of playing credit. This means you’ll be able to use these previously lost funds to create more chances to win. You may be able to withdraw winnings which have been gained using cashback funds however it is always wise to check the wagering requirements for this. Again, these requirements can often differ depending on your rank on a site’s loyalty scheme.
Are there any wagering requirements or caps?
Often with cashback promotions you will encounter both wagering requirements and caps. The level of these will generally depend on the site you are playing on. Therefore, it is always a good idea to check the terms and conditions of each site to see what their specific rules are. Try to aim for a site with low wagering requirements. Many sites will also cap the level of cashback you will be able to withdraw during any given cashback period. For example at Tasty Bingo, the cashback period runs for Thursday-Wednesday. During this time, maximum cashback is capped at £200 whilst the minimum is capped at 1p.
Hopefully this will be all the info you need on cash back, and you can make use of it on some great bingo sites.