What is cashback?
Cashback is when you’re returned a certain amount of money from what you’ve spent. You can think of it as a kind of after-sales discount.
Credit cards have tons of benefits, like miles, free luggage bags and whatever else, but my favourite credit card benefit was cashback.
Why cashback in particular? Because it’s the most straightforward way to understand what you’re earning on your expenses, as opposed to some kind of ambiguous ‘points’.
So ShopBack’s offer of cashback for online shopping was perfectly down my alley.
If you frequent online fashion stores like ASOS, Zalora, Lazada and Shopbop; buy travel tickets or booked accommodation on Rail Europe, Expedia and Agoda; or even grab a coupon or two from Groupon, getting some of that money back will save you some serious cash over time and lessen your spending.
ShopBack Philippines is the latest Asian online shopping craze to finally hit our shores. It offers you extra Cashback, or cold hard cash, every time you shop online! It has received rave reviews from Camille Co, among others, and boasts up to 30% Cashback on your favorite online stores like Lazada, ZALORA, Agoda, Ensogo, AliExpress, eBay, Sephora, Booking.com, Forever 21, Gap… and the list goes on.
How does this awesome online shopping savings system work? Simple.
Whenever you shop through the ShopBack platform, partner stores pay commission to them. Shopback, in turn, shares this commission with you by giving you Cashback!
Say for example you want to buy an iPhone for P34,000 on Lazada. Just To get Cashback, do not go to Lazada directly. Instead, first go to ShopBack.ph and click on Lazada from there. The Cashback amount will be shown while you’re redirected to the Lazada website. Shop as you normally would on Lazada and pay directly there. When you’ve made your order, Cashback will appear back in your ShopBack account within 48 hours. With up to 4% Cashback for Lazada, you would receive roughly P1,360 in your ShopBack account, which can be cashed out into your PayPal account, or your local BPI, BDO or Metrobank bank account and more! You can request a payout whenever your Cashback turns redeemable.
HOW TO USE SHOPBACK
First, you have to create an account at www.Shopback.ph and sign in. They have new user promos where you get some free credits. Here my account has already earned P200.00 after signing up! You can also use referral links from your friends, and both you and your friend will earn bonuses from your sign up.