Cashback Bonuses

Online gambling used to be expensive, but online casinos have developed, and each casino that launches introduces new and better perks, rewards, bonuses, and unique promotions. Cashback bonuses were introduced to elevate your online gambling experience and add the care factor. It’s a way to get back part of your losses to try again, which is a phenomenal way to take the sting out of casino losses. Gambling is mostly luck, and you can easily land a windfall using your Cashback bonus.

In other words, with a Cashback bonus, If Lady Luck was not in the house the first time, the second time around could be the charm. To help you get the best Cashback bonuses in NZ, we’ve prepared this easy-to-read article that will explain what Cashback bonuses are, their history, and the types of Cashback bonuses you can collect. We will also let you know which online casino sites in NZ have the best Cashback bonuses, so don’t miss out!

Cashback Casino Bonuses NZ

Casino bonuses reward new clients and entice them to join the fold. Cashback bonuses are gaining popularity at NZ Casinos, and more casinos are introducing this bonus to their offerings. Cashback bonuses refund a percentage of the player’s net losses, in either bonus money or real cash; for example, Imagine that you decide to accept the online casino’s 10% weekly Cashback bonus on losses accrued during the week. You decide to opt-in and then deposit $50. Those funds last you all week, but you lose $20 overall, so the casino will deposit $2 back into your account. Cashback bonuses offer an attractive way to limit your casino losses.

In less than a generation since the first Cashback bonus was offered online in the mid-1990s, today, it has become so popular that more and more casinos are opting for a Cashback bonus as a reward for new members to the casino. Usually offered as a percentage rate from 5-50%, which indicates how much you will get back. Some casinos will let you have your losses as bonus cash, while others will give you real money back.

Best Cashback Casino Bonuses

Spending many hours combing the internet for the best Cashback bonuses is futile because it’s easy to get lost in the mega-populated online casino world. Finding the right Cashback bonus means finding a legit and licensed casino or the Cashback bonus could be a dud. Save yourself this stress by only playing at our reviewed, secure online casinos for Kiwis. Unless a 5% Cashback bonus is combined with plenty of Free Spins, it will not pay you back enough to be worth it.

Getting your hands on a 10% Cashback bonus is easy as this seems to be the norm. If you lose $100 on pokies in one week, then getting back $10 will give you enough to make it worthwhile.

In exceptional cases, you will find online casinos will offer a 20% Cashback bonus, but this will more likely be offered as a VIP Cashback bonus. Online casinos like to offer loyal players more extraordinary bonuses based on how much money they wager or deposit to the casino, so, usually, VIP players get bigger Cashback bonuses. Our feature top list ensures secure online gambling on pokies, progressive jackpot games, table games, video poker, and live casino games. Whatever you deposit at a new casino will always be matched with a lucrative bonus.

Top New Casino Sites with Cashback Bonuses

Cashback bonuses at New Zealand Online Casinos are a reward scheme targeted at players who have proven their loyalty. The Cashback bonus does not come with awkward or tricky requirements or conditions, and all you need do is fund your casino account, play your favorite pokies and then sit back. Soon enough, the casino will return a percentage of the spent money. This offers Kiwis a fail-safe way of getting real cash back to use on top pokie games. With most Cashback bonuses, we’re talking about small amounts, like 5%, 10%, or even up to 20%, but imagine if you could get your hands on a 50% Cashback bonus!

It’s very unusual to find online casinos that will let you have a 50% Cashback bonus up to $400, but Vegas Lounge casino goes one step further and lets you have the 50% Cashback bonus free from wagering requirements. Launched in 2021, Vegas Lounge is upscale and very trendy and is managed by White Hat Gaming, known for the best online casinos. Vegas Lounge is tagged as the best online casino in NZ that is ultra secured with two gaming licenses, UK Gambling Commission and Malta Gaming Authority, and as far as games go, this casino shines. As an extra, new Kiwis joining Vegas Lounge will also get 500 free Loyalty Points.

The chance to register at the high-quality Vegas Lounge and then immediately collect a Cashback bonus valued at $400 is incredible as it means extra gambling cash. Pokies and table games can go either way, but losing never feels like winning, so Vegas Lounge NZ softens the blow.

Difference between Cashback and Free Cash

Cashback bonuses act as insurance against casino losses and are typically calculated weekly. It’s an online casino bonus that ensures that if you’re unlucky and lose everything, the Cashback bonus kicks in and gives you back some of your losses so that you can play your favorite pokie game again.

For example, a casino offers you a 10% weekly Cashback bonus, and you play $200 worth of pokies and casino games and lose everything. You’ll get $ 20 back from the casino at the end of the week.

Cashback bonuses tend to have better T&C’s than welcome bonuses and online casino promotions. This is because it is money that you have already spent, and often the wagering has been removed.

Claiming a Cashback bonus will give you real cash you can spend on pokies, but it’s best to read thoroughly through the terms and conditions attached to the Cashback bonus offers. This is especially true when it comes to wagering, as you will want to know what the wagering requirements are. At our featured casino Vegas Lounge Casino, you not only can collect a huge 50% Cashback bonus, and enjoy top quality gambling, with no wagering requirements attached.

Free Cash at online casinos is offered to players in several ways. No Deposit bonuses and No Deposit Free Spins bonuses are given to new players without needing payment, and wins from free bonuses can be converted to real cash wins after wagering requirements are completed. Free cash can also be given to new players with First Deposit Bonuses, and Free Spins bonuses also carry an actual cash value when the wagering requirements have been fulfilled.

Why Payouts are Better at No Wagering Casinos

Online casinos that operate with Wagering Requirements require that you re-play the value of your deposit and bonus several times, with 35x being the industry standard. This means that if your deposit is $10 and your bonus is $10, you must re-play $20 35 times. Only when the wagering requirements are completed will your bonus cash wins be converted to real cash wins. Whatever you win is yours to withdraw, and you don’t have to worry about wagering requirements.

The main advantage with No Wagering requirements at online casinos is that you will not have to worry about bonus terms. Players that have to fulfill high wagering requirements must re-play their bonus value many times, and this is sometimes hard to do by the average 30-day deadline date.  

When you play at the best NZ casino bonuses with no wagering requirements, you won’t have to worry about jumping through hoops to convert your bonus wins to real cash. But even No Wagering casinos have risks involved. Casinos require players to meet wagering because it protects them from losing money due to fraudulent activity like money laundering. If a casino has No Wagering requirements, it may have to resort to stricter security checks to comply with regulations.

Types of Cashback Casino Bonuses

Cashback bonuses can have wagering requirements associated or not. No Wagering Casinos are online casinos that have removed the wagering requirements from their bonuses or their Free Spins bonus. Wagering Casinos are casinos that run their bonuses with wagering requirements.

We have gathered a good variety of No Wagering casinos and have included them on our pages at Best New Zealand Casinos. When you see an online casino with No Wagering on our pages, you can trust it as we only feature legit brands that are tested, reviewed, and operate with licenses.

With Cashback bonuses, players get back a small percentage of their past week’s pokie and game losses. Online casinos pay back at different percentages, which can range from 5% up to 50%, such as at our featured Vegas Lounge NZ Casino. Some casinos will award you a Cashback bonus in real cash that you can use without any restrictions on pokies and table games, but in most cases, there will be wagering requirements to contend with. However, some casinos have done away with the wagering, and one example is Vegas Lounge, which offers its members a 50% Cashback bonus wagering free and hassle-free. Online casino Cashback bonuses are available in many ways:

While some casinos offer new players a Cashback bonus instead of a traditional welcome bonus package, others only include Cashback bonuses in the casino’s VIP/Loyalty scheme. With some bonuses, you will have to contact the support team to include you in the Cashback bonus. Not all casinos include Cashback bonuses, but we’ve listed some casinos that will let you have cash back.

You must sign up with a reputable online casino that can prove they run with a legitimate licensing regulator like the Malta Gaming Authority. The casino also has to prove their fairness with audited game results, and all their pokies and table games must have a Return to Player (RTP%) rate.

📋What are the Pros and Cons of Cashback Bonuses?