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Cashback is a term used to describe a rebate or discount offered by businesses to customers after a purchase has been made. Generally, it is a form of incentive given back to a customer for shopping at the particular store.

Cashback is a popular marketing strategy used by businesses to increase sales, customer loyalty, and attract new customers. This incentive can be given in different forms such as cash, gift cards, or credit points that can be redeemed at the store. It is usually calculated as a percentage of the total purchase amount. For instance, a store may offer 5% cashback on purchases over $100.

Cashback programs can be found at various businesses such as retail stores, restaurants, gas stations, credit card companies, and online shopping sites. Some companies offer cashback for specific products or services while others offer it on all purchases.

Cashback programs usually have certain terms and conditions that are applicable. These terms may include minimum purchase requirements, eligibility criteria, and expiration dates. Many cashback programs also have a cap on the amount of cashback that can be earned by the customer. It is important to read the terms and conditions carefully before participating in any cashback program.

One of the benefits of cashback programs is that they allow customers to save money while shopping. Cashback is a great way to get more value for your money. By taking advantage of cashback offers, you can earn back a percentage of what you have spent and use it towards your next purchase.

In addition to saving money, cashback programs also help in promoting customer loyalty. When customers are rewarded for shopping at a particular store, they are likely to return to that store in the future. This helps in establishing a long-term relationship between the store and the customer.

cashback is a beneficial program that offers customers the opportunity to save money and businesses the opportunity to increase sales and promote customer loyalty. It is a win-win situation for both parties involved. So, the next time you shop, look for cashback offers and take advantage of them to get the best value for your money.