Meaning of the word cash-back in English

What does cash-back mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

cash-back

US /ˈkæʃ.bæk/
UK /ˈkæʃ.bæk/
"cash-back" picture

Noun

1.

a system in which customers are given a small amount of money back when they pay for something with a debit card or credit card, or when they make a purchase at a store

Example:
I got some cash-back at the grocery store.
Many credit cards offer cash-back rewards.

Adjective

1.

relating to a system where money is returned to a customer

Example:
This credit card has a great cash-back program.
They offer a cash-back bonus for new sign-ups.
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