5000 Cash

Cashback offers that actually work

Take advantage of the cashback incentives being offered by financial institutions.

With the increasing competitiveness of the financial market, lenders are looking for more and more ways to reward you for signing up for one of their products or services. Cashback offers let you receive a monetary reward in the form of cash or a gift card from the financial provider when you sign up for one or more of their products.

What are the different types of cashback offers?

There are a few different types of financial products and services that offer cashback offers. Take a look at your options below:

Credit cards with cashback offers

Rates last updated February 21st, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Citi Simplicity Card
19.99% p.a.
0% p.a. for 15 months with 1.5% balance transfer fee
$0 p.a.
Earn 5% cashback on eligible purchases (capped at $50 per month) for the first 90 days from card approval. Plus, a 15 month balance transfer offer.
Virgin Money Low Rate Credit Card
11.99% p.a.
0% p.a. for 14 months
$49 p.a.
Receive a discounted annual fee, $100 cashback when you meet the spend requirement and up to 14 months interest-free on balance transfers.
Citi Rewards Classic Credit Card
20.99% p.a.
0% p.a. for 15 months with 1.5% balance transfer fee
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Receive 1 point per $1 spent on eligible purchases, up to $50 cashback when you meet the minimum spend and a 15 month balance transfer offer.

Compare up to 4 providers

  • How it works: Credit card providers may offer you a certain amount of money in the form of cash or a gift card. A cashback incentive may be offered by the lender in conjunction with other benefits, such as a 0% balance transfer rate, discounted fees or rates or any other introductory offers. These are usually offered for a limited time and you would need to apply by a certain date.
  • What to watch out for: Remember to check the rates and fees associated with the card to see if the cashback offer is worth it.

Home loans with cashback offers

Rates last updated February 21st, 2018
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.54%
3.58%
$0
$0 p.a.
80%
A variable rate home loan with competitive rate, redraw facility and offset account.
3.88%
4.89%
$0
$395 p.a.
95%
A fixed rate package with flexible repayment options. 350K NAB Rewards Points offer available. Terms and conditions apply.
3.85%
4.95%
$0
$395 p.a.
95%
A discounted package rate for owner occupiers with the ability to package a Qantas rewards earning Amplify credit card. $1,500 cashback available for refinancers. Conditions apply.
4.41%
4.81%
$0
$395 p.a.
90%
Borrow from $250000 up to $499999. $1,500 cash back offer available to refinancers, conditions apply.
4.45%
4.85%
$0
$395 p.a.
95%
Advantage Package home loan with $0 application fee.
3.77%
3.81%
$200
$0 p.a.
95%
A basic home loan with a low interest rate and a redraw facility available.
5.43%
5.56%
$600
$8 monthly ($96 p.a.)
90%
This loan is a flexible home loan packed with smart features for purchasing or refinancing a home or investment property. Refinancing cash back offer of $1,000 available, conditions apply.

Compare up to 4 providers

  • How it works: Home loans offering cashback incentives have become more common recently. The amount you are offered as part of the cashback is usually considerably more than you would be offered with other financial products, because a home loan is so much more of a financial commitment.
  • What to watch out for: Choosing a home loan provider is not a decision which should be taken lightly. You should consider the cashback offer as an added bonus and nothing more. You should also familiarise yourself with all other fees and charges that you will incur when you sign up for the loan so you can better determine if the cashback offer will be of much value to you.
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Transaction accounts with cashback

Rates last updated February 21st, 2018
Debit Card Account Details Card Type Monthly Account Fee Minimum Opening Balance Description
HSBC Day to Day Transaction Account
HSBC Day to Day Transaction Account
No monthly account fee with no minimum deposit. Your Visa debit card unlocks special privileges worldwide with the HSBC home&Away Privilege Program. Visa Debit Card $0 $0 $0 account keeping fees. Unlimited free withdrawals at over 3,000 HSBC, Westpac, St.George, Bank of Melbourne and BankSA ATMs. Go to site More

Financial packages with cashback offers

  • How it works: Some financial institutions try and encourage you to get more of their products by offering you a cashback incentive. They may offer you this cashback when you sign up for an account with them and then link it to another recently acquired product, such as a home loan or credit card. Not only are you rewarded with money, but keeping your financial products together is a convenient way to track your finances.
  • What to watch out for: Make sure you check all the associated rates and fees of all of the products you are planning to sign up for. If you do not want the product on offer, then you may want to reconsider taking it up.

What are the pros and cons of cashback offers?

Pros

  • You can choose to put the money towards your purchased product or service or spend it on something for yourself.
  • The cashback offer is not an amount that is attached to the loan so will not incur any extra fees or rates.

Cons

  • This kind of offer does not improve the quality of the product or service.
  • You may find the cashback offer wasn't of much value to you after your sign up due to the amount of fees and interest charges.

Compare cashback offers

When looking at cashback offers or any other kind of sign up incentives, it's important to compare your options before you decide which one to go with. You can look at the fees and charges associated with each product and also the rates you will be charged. Using this information, you can calculate the approximate amount you will be paying with these products and then determine the actual value of the offer. For example, you may receive a $3,000 cashback offer, but if you pay $1,500 in introductory fees then you should consider it a $1,500 cashback offer.

Rates last updated February 21st, 2018
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
St.George Complete Freedom Account
Open an account online by March 2nd 2018, deposit $250 within 45 days and receive $50 into your account (conditions apply)
Visa $0 $2,000 $0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 fee applies. Unlimited free withdrawals at St.George, Westpac and BankSA ATMs. Go to site More
Bank of Melbourne Complete Freedom
Open an account online by March 2nd 2018, deposit $250 within 45 days and receive $50 into your account (conditions apply)
Visa $0 $2,000 $0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 monthly fee applies. Unlimited free withdrawals at Bank of Melbourne, St.George, Westpac and BankSA ATMs. Go to site More
Westpac Choice Student
New account holders receive a $50 cashback bonus when they deposit $250 within 45 days of opening the account (conditions apply)
Mastercard $0 $2,000 No monthly service fee whilst you are a full time tertiary student More
Westpac Choice – for migrants
Customers newly arrived to Australia who open a Westpac Choice account receive $50 cash back after depositing $250 within 45 days of opening the account (conditions apply)
Mastercard $0 $2,000 $0 account keeping fees for the first year, then a $5 monthly fee applies. Unlimited free withdrawals at St.George, Westpac, BankSA or Bank of Melbourne ATMs in Australia. Go to site More
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Important Information*
ANZ Progress Saver

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1.71

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Maximum Variable Rate

2.55

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0.50
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Maximum Variable Rate

3.05

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HSBC Serious Saver

Maximum Variable Rate

3.00

Standard Variable Rate

1.60

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