Cashback definition

Cashback means the option available from certain Retailers where, in addition to the purchase of goods or services, you can make a cash withdrawal by way of cashback.
Cashback means, in relation to any Mortgage Loan, the agreement by the Seller to pay an amount to the relevant Borrower upon completion of the relevant Mortgage Loan;
Cashback means the service available to a Cardholder from certain Retailers by which a Cardholder may, at the time of and in addition to the purchase of goods and/ or services, obtain cash subject to the limit as set out in Condition 11(a) of the Card Conditions which may be changed from time to time.

Examples of Cashback in a sentence

  • The Acquiring Bank will not levy MSC in respect of any Cashback value associated with a purchase transaction.

  • The Merchant will ensure that the Cardholder confirms and acknowledges receipt of any Cashback funds by signing both copies of the transaction receipt.

  • The Cashback value will never be less than the minimum Saudi Riyal value agreed between the Merchant and the Acquiring Bank which is SR 1.

  • For the avoidance of doubt, the term Cashback may also be referred to as Cash Rebate.

  • The above Cashback values (available exclusively for MADA Payment Card holders) are subject to market conditions and are liable to change, as defined by MADA.


More Definitions of Cashback

Cashback means an amount in AED, earned on Qualifying Transactions at rates decided by the Bank from time to time at its absolute discretion.
Cashback means the service available to a Cardholder from certain Retailers by which a Cardholder may, at the time of and in addition to the purchase of goods and / or services, obtain cash subject to the limit as set out on our Website.
Cashback means an accrued amount earned on Qualifying Transactions at rates decided by the Bank from time to time at its absolute discretion; and which may be credited to the Primary Account on application by the primary Cardholder.
Cashback means an accrued amount having monetary value earned on Cashback Transactions at rates and percentages determined by RAKBANK from time to time at its sole discretion, which may be credited to the Primary Cardholder’s Account and upon the Cardholder claiming such Cashback from RAKBANK as per the terms & conditions stipulated herein. In the event that the Cardholder does not claim Cashback from RAKBANK within the validity period as notified by RAKBANK, he/she shall forfeit the same upon expiry of such period.
Cashback means a cashback which is available to Cardholder under this Program.
Cashback means CashBack earned based on pre- defined Spend amount tiers.
Cashback means the service available to a Cardholder from certain Retailers by which a Cardholder may, at the time of and in addition to the purchase of goods and / or