Cashback is
The meaning of cashback is an offer in which the buyer is given a percentage return of cash or virtual money or even given a product but by fulfilling certain purchase requirements determined by the cashback organizer.
Most current cashback promotions that are currently available are usually not really in the form of returning cash directly to the buyer. The seller usually provides cashback in the form of a deposit.
This method is used so that buyers at other times will make a repeat purchase using the deposit to those who provide cashback promos.
Currently there are many cashbacks that have been varied, many companies have provided cashback in kind.
There are many types of cashback programs or promos that are currently common around us:
Credit Card Cashback
Definition of credit card cashback is a program issued by a particular bank that provides benefits where the credit card issuer will give a refund of a certain amount of money if you make certain transactions or when the transaction value that you do reaches a certain nominal value.
In addition to refunds, this credit card cashback can also provide discounts on the results of purchases made. Of course in general, the return of a portion of this transaction money depends on the policies of each bank and the type of card that is owned by the amount of cashback percentage given varies from the number of transactions made. The greater the transaction you do, the greater the amount of money that can be returned. Accumulation of each credit card cashback earned every month you can use to pay contributions even monthly bills or shop for other necessities.
Even now some banks have issued cashback credit cards, namely credit cards that specifically provide certain cashback, but returning the terms again must still be fulfilled.
So, smart smart choose credit cards that provide the biggest cashback promos but with requirements that are not too difficult, and see other features that might be offered such as cooperation with merchants, facilities at the airport lounge, etc.
Online Shop Cashback
The meaning of online store cashback is a program issued by an online shop that provides benefits where the online store will give a refund of a certain amount of money if you purchase goods at the online shop in a certain nominal amount, for example, for a total of Rp.250,000 or when buying goods in a certain amount, for example, buying 2 or 3 items at a time.
Online shop cashback promotions are usually not in the form of direct cash returns, but the online store will give cashback to be used on subsequent purchases at the same online shop, so the next purchase will get a percentage discount according to the cashback earned depending on the conditions made by the online store .
This method is very beneficial for both consumers and online stores, from the consumer side it can save for the next purchase, while from the online shop this can form consumer loyalty for their online store, because consumers will definitely come back to shop at their online shop because for the next transaction you will get a discount.
Cashback Property
Understanding cashback property is a program issued by a property developer or developer that provides benefits where property developers will give cashback if consumers buy the property they sell, whether it is a house, apartment, shop house, and others. Usually property developers provide cashback in the form of an item as a complement to property purchased, for example TV, AC, Refrigerator, etc., even property developers provide cashback in the form of motorized vehicles namely motorbikes or cars if the property price is quite large. This promo is proven to be powerful enough to attract consumers, because consumers assume that they will make savings after buying a property that is quite expensive because it will get cashback which is quite a large value.
Cashback for Motor Vehicles
The meaning of cashback for motor vehicles is almost the same as cashback property, which is a program issued by a finance or leasing company that provides benefits where leasing companies will provide cashback if consumers buy motorized vehicles that they sell both cars and motorbikes. Usually a leasing company provides cashback in the form of an item, for example a laptop, cellphone, tablet, etc., even a property developer gives a cashback in the form of a vehicle as well as a car or motorcycle to purchase a certain type of car, the price is quite large. This promo is much liked by consumers, because consumers are happy to get a bonus item from the purchase of motorized vehicles they do.
Actually there are many other types of cashback, such as cashback tour packages, cashback purchases of kitchen equipment, cashback for purchasing school supplies, and so on. Everything depends on the company, merchant, or organizer of this cashback promo program.
Pros of Cashback
Every program or promo must have advantages and disadvantages, especially from the consumer side. Here are the usual cashback advantages.
From the above description, cashback advantages or advantages are quite clear, namely giving "money back" to consumers, whose benefits can be felt by consumers and can be considered as a bonus from purchases they make or consumers can make savings on subsequent transactions.
Conclusion
So cashback is one of the offers that doesn't hurt you try because it provides many benefits provided that all the conditions are met, but whatever cashback program offer you choose, make sure it is in accordance with the expenditure plan that has been made. Don't be tempted by promotions because you intend to save money but instead concede.
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