A cashback bonus is one where the online casino will return a part of the money you have lost while playing at the casino. A small percentage of your net losses will be returned to you, but there are going to be some terms and conditions to contend with.
If you are someone who enjoys online casino gaming every now and then, you stand to save quite a good chunk of money by using cashback bonuses wisely. In this NZ-specific cashback guide, we’re going to disclose the best cashback bonuses, the best NZ cashback casinos, and even let you in on secrets on how to make the most of a cashback bonus and what red flags to keep an eye out for.
Top Cashback Bonus Casinos in New Zealand
Just because an online casino is offering a good cashback bonus, it does not mean that you should sign up with the casino or even that the casino is safe or legitimate. There are many other factors that need to be taken into account. We’ve done all the groundwork for you and listed some of the most reputable NZ-friendly online casinos offering cashbacks.
- Games offered
Slots, Live Dealer, Progressive jackpots, table games, video poker, scratch, tournaments - Software
GO platform with GO, Crucible, Nucleus, Rival and Live dealer games - Customer Support
Available 24 / 7 [Live chat | Toll Free: 1 888 595 5835 | E-Mail: mailto:This email address is being protected from spambots. You need JavaScript enabled to view it. ]
Bonus Code
not required
Number of Games
350+
Payout Percentage
97.95%
Payout Days
Every working day excluding weekend and public holidays
- Customer Support
This email address is being protected from spambots. You need JavaScript enabled to view it. / live chat - Operated By
Fortunate Partners
Bonus Code
not required
Number of Games
11000+
Games offered
11000+
Software
Softswiss
Payout Percentage
?
Payout Days
1-2 days
- Customer Support
This email address is being protected from spambots. You need JavaScript enabled to view it. / live chat - Operated By
Fortunate Partners
Bonus Code
not required
Number of Games
11000+
Games offered
11000+
Software
Softswiss
Payout Percentage
?
Payout Days
1-2 days
- Dual Casino & Sportsbook Platform
- Excellent Trust Pilot score
- Live Chat Support Available 24/7
Bonus Code
not required
Our Rating
98
Bonus Wagering
35x
Casino Games
2700+
Payout Time
24 Hours
Live Casino Games
139
- Dual Casino & Sportsbook Platform
- Excellent Trust Pilot score
- Live Chat Support Available 24/7
Bonus Code
not required
Our Rating
98
Bonus Wagering
35x
Casino Games
2700+
Payout Time
24 Hours
Live Casino Games
139
Top Cashback Bonuses Offers in New Zealand
If you’re looking for cashback bonuses that are actually worth claiming, then the list below is full of such offers. These offers have been selected by our experts because they are available to NZ players, and these bonuses provide real value. We’ve actually tested these offers and read through the terms and conditions and made sure there are no red flags.
- Games offered
Slots, Live Dealer, Progressive jackpots, table games, video poker, scratch, tournaments - Software
GO platform with GO, Crucible, Nucleus, Rival and Live dealer games - Customer Support
Available 24 / 7 [Live chat | Toll Free: 1 888 595 5835 | E-Mail: mailto:This email address is being protected from spambots. You need JavaScript enabled to view it. ]
Bonus Code
not required
Number of Games
350+
Payout Percentage
97.95%
Payout Days
Every working day excluding weekend and public holidays
- Customer Support
This email address is being protected from spambots. You need JavaScript enabled to view it. / live chat - Operated By
Fortunate Partners
Bonus Code
not required
Number of Games
11000+
Games offered
11000+
Software
Softswiss
Payout Percentage
?
Payout Days
1-2 days
- Customer Support
This email address is being protected from spambots. You need JavaScript enabled to view it. / live chat - Operated By
Fortunate Partners
Bonus Code
not required
Number of Games
11000+
Games offered
11000+
Software
Softswiss
Payout Percentage
?
Payout Days
1-2 days
- Dual Casino & Sportsbook Platform
- Excellent Trust Pilot score
- Live Chat Support Available 24/7
Bonus Code
not required
Our Rating
98
Bonus Wagering
35x
Casino Games
2700+
Payout Time
24 Hours
Live Casino Games
139
- Dual Casino & Sportsbook Platform
- Excellent Trust Pilot score
- Live Chat Support Available 24/7
Bonus Code
not required
Our Rating
98
Bonus Wagering
35x
Casino Games
2700+
Payout Time
24 Hours
Live Casino Games
139
Why Do Casinos Offer Cashback Bonuses?
Casinos offer cashback bonuses because it is a great incentive for players, and it makes players want to stick with the same casino because they are saving money by claiming cashbacks on their losses. This is the fundamental reason why casinos offer cashback bonuses. It also lets the player let loose and take more risks and wager more in general since there is a little cushion in the form of a cashback that they can fall back on.
Different Forms of Cashback Bonuses
There are several categories of cashback bonuses at online casinos. In the below sections, we will talk about some of the more common types of cashback bonuses that you will come across during your online casino gaming tenure:
Weekly cashback on net losses
This is going to be the most predominant type of cashback bonus that you’ll find at most online casinos that are offering cashback bonuses. Basically, this cashback is based on your net losses incurred for the week. Net losses mean total losses minus total gains. So, if you had a week where you were not so lucky and lost more than you won, then you can become eligible to receive this cashback. So, if you lost incurred net losses of $50 on a particular week and you claim the cashback the following week and the cashback is a 20% cashback bonus, then you will receive 20% of your lost $50, which is $10.
Cashback for VIP players
Many casinos will have special cashback offers reserved just for their VIP players. How does this work? Well, players who belong to certain VIP tiers will automatically get cashbacks every week, and it is usually computed based on how much net loss they incurred the previous week. In most cases, the percentage of the cashback will depend on the VIP tier. For instance, if there is a 5-tier VIP club (let’s say tiers 1 to 5 for argument’s sake), then a level 3 VIP player may receive a 5% cashback, a level 4 player may receive a 10% cashback, and a level 5 player may receive a 15% cashback, and players in the first two levels may not be eligible for cashbacks yet—this is just an example, and the specifics can vary, of course.
High-roller cashback
High rollers are players that tend to splurge a lot more when they play at online casinos, and so it is only natural that they may win more and also lose more when things don’t go their way. So, many casinos will offer cashbacks to their high rollers in order to encourage them to continue risking it on their platforms. So, in such a bonus, there is going to be a high minimum net loss requirement in order to qualify for the cashback the next week. For instance, only players who have incurred losses of at least $100 may qualify for the cashback the following week. Or, only players who have made deposits of a certain amount (say $300) may receive cashback the next week.
Live casino cashback
Live dealer games are a different set of games that many modern web casinos offer these days. In these games, you basically are able to view and interact with an actual human dealer who hosts the game using HD video streaming technology. A live casino cashback bonus is usually only for losses incurred while playing these games only.
No wagering cashback
In most cases, when you receive cashback courtesy of a cashback bonus, the cashback amount is added to your bonus funds, and you will need to complete the wagering requirements in order to convert the cashback funds to real funds and withdraw them. But many cashback bonuses are going to be free of wagering requirements. So, in such bonuses, the cashback amount is added directly to your real money balance, and there are no wagering requirements to deal with, and this makes such cashbacks some of the most valuable for players.
Daily cashbacks
Some casinos go the extra mile and offer daily cashback bonuses instead of weekly. So, you get a percentage of your losses back from the previous day, every day. This is great since you will be saving a lot of money in the long run because whenever you have a bad day, you will get some of your losses back right the next day.
How Do We Rate Cashback Bonuses?
The main factor to consider when looking at a cashback bonus and determining its value for our readers is the terms and conditions of the bonus, particularly paying attention to things like wagering requirements and qualification criteria.
- Bonus terms and conditions There’s no two ways about it; reading the bonus terms and conditions is the single most important thing you can do in order to fully understand the nuances and ins and outs of a no deposit bonus. In fact, this is true for any casino bonus. So, when we are assessing a bonus in order to recommend it to our valuable readers, we will always take the time and comb through the bonus terms and conditions with a fine-toothed comb and make sure there are no overly restrictive clauses or any other red flags in there.
Cashback Bonuses Terms and Conditions Explained
- Wagering requirements This tells you how much you need to deposit and wager at the casino before you can withdraw the cashback amount that you received. If these requirements are too steep, it’s going to be hard for you to convert your bonus funds to real funds and withdraw them.
- Minimum loss Cashbacks are only given when you lose money at the casino, and this clause of the cashback bonus terms and conditions will tell you how much net loss you need to have incurred in order to qualify for the cashback.
- Max cashback There is also going to be a hard limit on how much cashback you can get. Irrespective of how much you have lost. For example, if the max cashback is $100, then you will not receive a cashback of more than 100%, no matter how much money you’ve lost and what the cashback percentage is supposed to be.
Step-by-Step Guide to Claim Your Cashback Bonuses
When it comes to claiming a cashback bonus, the exact steps that you need to take in order to successfully claim the bonus will vary depending on the specific cashback bonus you are trying to claim since the eligibility criteria can vary quite a bit from one cashback offer to the next. Below, we will give you some general guidelines on how to claim a cashback bonus that can be applied for most cashback offers but is not an exact step-by-step set of instructions.
- First, decide on which cashback bonus looks good to you. We recommend choosing one of the offers from our recommended lists since these have been vetted by our experts.
- Next, visit the website of the casino offering the cashback. If you are not already a member of the casino, then create an account with the casino by signing up or registering.
- To sign up with the casino, you just need to click on the register button or the sign-up button and fill out the form that follows. Make sure to submit the form after checking all your details. You will also have to agree to the terms and conditions and confirm you are of legal gambling age.
- After you have signed up, log in to your new account.
- Usually, a cashback bonus is only available for players that have already claimed the welcome bonus. So, first you need to claim the welcome bonus and use it up.
- After the welcome bonus is done and dusted, you are going to be eligible to claim other offers that the casino has to offer, including any cashback bonus.
- Now, it’s time to check out the terms and conditions of the cashback bonus. You can read the bonus policy and understand all the requirements to qualify for this bonus. Make sure you abide by these requirements.
- Usually, a cashback bonus is issued once a week and is a percentage of your net losses from the previous week.
- So, go ahead and play games for the week, and if you incur any net losses, you should be able to receive cashback the following week by following the rules of the bonus.
- If you need any help with your cashback bonus, feel free to reach out to the customer support team at the casino via live chat or through email support.
Tips to Get the Most Out of Your Cashback Bonuses
- Choose cashback bonuses with low wagering or no wagering If the wagering requirement is too high, the value of your cashback is going to be diluted. So, the lower the wagering requirements, the more you can benefit from the cashback bonus.
- Read the terms and conditions This is vital, and this is the only way where you can really understand the cashback bonus and then proceed to use it to the fullest extent possible. Knowledge is wealth.
Advantages and Disadvantages of Cashback Bonuses
check iconAdvantages
- Cashbacks usually have lower wagering requirements than other bonuses
- Regular cashback bonuses can save you a lot of money over the long run
check iconDisadvantages
- There will be maximum limits on how much cashback you can get
- You only get cashbacks when you lose money
Frequently Asked Questions
- Can I claim a cashback bonus along with other bonuses? It depends on the casino. Some casinos will allow it, but most won't. Most online casinos will only let you have one active bonus at a time. To know for sure, please check the rules or terms and conditions about bonus stacking at the casino.
- If I lost money when playing with bonus funds, will it count towards my cashback? No, not in most cases. Cashback bonuses are usually calculated only on net losses incurred on real money wagers only and not on wagers made with bonus funds, unless otherwise specified.
- What is a catch about the cashback bonus that many players don’t realise? One of the things that many players miss out on is the fact that if you make withdrawals during the cashback period, some casinos may actually subtract the withdrawal amount from your net losses, and this will result in you getting lesser money back when you get your cashback.
- What exactly are net losses when it comes to cashbacks? Net losses are basically total losses minus (-) total wins. So, you lose $80 but win $35 in a week, then your net losses for the week are – $80 - $35.
- Does it help to get cashbacks if I am a VIP player? If you are a frequent player, then becoming a VIP player is not only going to get you consistent cashbacks but also lots of other great little perks as well. So, don’t hesitate to join the VIP ranks.