Best Casino Cashback Bonus Offers in Canada
A cashback bonus does exactly what it says; it returns a small part of what you spend at a casino back into your pocket. Keep reading to learn about some of the best cashback bonuses.
Reload Casino: 10% Weekly No Wager Cashback
Although Reload casino recently entered the market in 2021, it did so with a bang. New Canadian players who register here using our link will get 10% cashback every single week!
You can use this to play 3,000+ games on offer including slots, table games and more. To claim this offer, register and deposit at least $20 every week. Since it does not come with any wagering requirement, you can get access to your winnings fast.
We haven’t any more cashback bonuses yet, but the hunt continues! Check back soon for any exciting cashback bonus offers we might come across!
What is a Cashback Bonus?
A cashback bonus is a casino promotion that returns a small percentage of your losses back to you. This percentage is usually somewhere between 10% and 20%.
It is often offered regularly, on a weekly or monthly basis, and it is available for those players who play with the casino frequently.
Cashback bonuses are often included in VIP schemes, with the cashback percentage increasing the higher you rank.
Are Cashback Bonuses Legal in Canada?
There is no law in Canada that prohibits online casinos from offering a cashback bonus.
It is advisable, however, to choose an operator licensed in a reputable gambling jurisdiction, like the UK Gambling Commission or the Malta Gaming Authority.
If you are in doubt, we suggest checking out our list of reviewed casinos, which are safe and legal to play with.
How do Cashback Bonuses Work?
Cashback bonuses are calculated on your losses over a specific period of time. This could be a week or a month, depending on the operator.
To give you a quick example, let’s say we have a 10% cashback capped at $50. Over the course of the week, you have incurred $100 in losses. Once you claim this bonus, you’ll get back $10 in cashback.
Some cashback offers are recurring, and you can make use of them either once a week or once a month, depending on the promotion.
Can I Win Money with a Cashback Bonus?
Cashback bonuses are designed to give something back to the player, however, they are still a bonus that needs to be staked just like every other offer.
And from that bonus, you can actually win real money!
You should always check the terms and conditions, as some casinos still bind their cashback bonuses with wagering requirements, making it very hard to actually cash out any winnings.
Why claim a Cashback Bonus?
When playing at an online casino with real money, losses become part of the experience.
Cashback bonuses can return a very small percentage of your losses back into your pocket.
That alone is a good reason to claim a cashback bonus!
But we’ve done a little more work and laid out cashback bonuses against other casino bonuses for easy comparison.
Cashback Bonus vs Other Bonuses
| Recover lost money | New Players Only | Cash Prize | Deposit Needed | Wagering Requirements | |
|---|---|---|---|---|---|
| Welcome bonus | ✘ | ✔ | ✘ | ✔ | ✔ |
| No deposit bonus | ✘ | ✔ | ✘ | ✘ | ✔ |
| Free Spins Bonus | ✘ | depends | ✘ | ✔ | ✔ |
| Cashback Bonus | ✔ | depends | ✔ | ✔ | depends |
How to use a Cashback Bonus?
First, you need to remember that real funds are used before bonus funds. Thus, when you start playing, your deposit will be used first.
When it is time to use your cashback bonus, make sure you’ve chosen a game eligible for use with the bonus, and start playing.
How to claim a Cashback Bonus?
Claiming a cashback bonus is relatively simple:
- Read the offer’s terms and conditions
- Click ‘Claim’
- Deposit the minimum amount required for eligibility.
- Opt-in for the promotions or insert the promo code
- Wait for the casino to calculate your losses and allocate the cashback bonus to your casino account
When to use a Cashback Bonus?
There is no right or wrong time to use a cashback bonus. If one is available and the conditions are favourable, go right ahead and use it!
This is especially true if you’ve played with the casino and incurred several losses. With a cashback bonus, you’ll get a small percentage back, boosting your bankroll, even just a little.
How do you Withdraw Wins from a Cashback Bonus?
Withdrawing wins from a cashback bonus is not complicated. But we’ll walk you through it nonetheless:
- Sign in to your casino account
- Click on your profile and select the cashier section
- Choose ‘withdraw’
- Insert the payment method details (ideally the same ones used for the deposit)
- Input how much you want to take out
- Click ‘proceed’
Types of Cashback Bonus
There are various types of cashback bonuses. These could be included in a welcome package or a weekly offer designed to return something to regular players.
But let’s look at what kind of options you can come across while playing from Canada.
Cashback Welcome Bonus
While not common, a few online casinos are known to offer a cashback offer for their welcome bonus.
Unlike a deposit bonus, a cashback bonus is not something you can use right upon registration. You need to first play for a number of days before you can actually make use of it.
Weekly Cashback Offers
This type of cashback offer is more common, and many casinos offer it as part of their repertoire of regular promotions.
Some go as far as having two different offers, one for their online slots and one for their live casino.
VIP Cashback Offers
Some of the best casinos in Canada make it a point to reward regular players by means of a loyalty program with special benefits for members.
One of the most common benefits of loyalty schemes is regular cashback, with offers varying from 5% up to 25%, depending on the level of the membership.
No Wagering Cashback Offers
While a cashback bonus is supposed to return something back to the player, most casinos still attach wagering requirements.
That is unless the casino specifically offers a no wagering cashback bonus.
3 Important Tips to know before claiming a Cashback Bonus
Before you start hunting down cashback bonuses, we want to share with you some tips to help you choose only the best cashback offers out there.
1. Always read the terms and conditions
We have no doubt you have heard this one a few times, but given how important it is, we’re going to mention it anyway.
Do read the terms and conditions carefully. Cashback offers always come with a cap on how much you can claim back, and you can be sure that there is an expiry date, too, not to mention wagering requirements.
2. Check for wagering requirements
Cashback makes it sound as if the offer is made in withdrawable cash, however, as we have mentioned before, wagering requirements are often attached.
Wagering requirements often depend on the casino, but the industry standard is usually 35-40x.
3. Check if cashback is allocated as a bonus or funds
In most cases, cashback will be allocated as a bonus, but some casinos, rare as they might be, might allocate their cashback directly as withdrawable cash.
Solutions to Common Issues
As we have already established, claiming and using a cashback bonus is not overly complicated. However, some issues might come up, and in the next section, we’ll cover some of the most common ones.
- The bonus didn’t arrive
Some bonuses are not meant to hit your casino account right away. Since a cashback bonus depends on how much you’ve lost, it might take a few minutes for the bonus to reach you.
If, after a day, it hasn’t arrived yet, first check the terms and conditions to make sure they’re met, and then reach out to customer support.
2. I can’t withdraw the winnings
As we have already explained, cashback offers carry wagering requirements. If they are not met, you will be unable to withdraw the bonus or any winnings.
If you’re sure they’re met, check with customer support to see what the problem is.
3. The bonus has disappeared
All bonuses come with an expiry date, even cashback. It is one of the most common reasons why bonuses disappear.
If it doesn’t seem to be the case, reach out to customer care. They’ll be able to check if any conditions were broken or if it was simply a technical error.
4. The casino didn’t payout my winnings
Withdrawing winnings is always made through a request that requires a number of documents for the casino to be able to verify and process the payment. Some payment methods also take some time to process transactions. Customer care can probably shed some light on the timeframe.
If the casino has not provided a satisfactory answer and quite some time has elapsed since you made the request, it is time to file a complaint with the regulator.
Claim the Best Cashback Bonuses from Canada!
The right cashback bonus can return something back to you. But not all cashback offers are made equally.
High wagering requirements will likely devour any winnings and the rest of your bankroll, leaving you with a sour taste and no positives.
But a great cashback bonus… well, it can see you having the right advantage week after week, or month after month.
Check out our Canadian casino reviews to find out the best online casinos offering generous cashback bonuses in Canada!