How does cashback work? Your MONEYME Cashback Rewards explained

Cashback should be simple. You spend, you earn, you get money back.

With the MONEYME Cashback Rewards Credit Card, you can earn 1% cashback on eligible purchases, with your cashback automatically credited to your credit card account when you meet the minimum repayment requirements on time.

No points to convert. No rewards catalogue. No need to manually redeem your cashback.

Here’s exactly how it works.

Cashback in 3 simple steps

1. Spend with your card

Use your MONEYME Cashback Rewards Credit Card for eligible everyday purchases and you’ll earn 1% cashback.

That could include everyday spending like:

Groceries

Fuel

Your morning coffee

Shopping

Subscriptions

Dining out

Your cashback builds up across your statement period based on your eligible purchases.

For example: Spend $1,500 on eligible purchases during your statement period.
$1,500 × 1% = $15 cashback earned.

Simple.

You can view ineligible transactions here.

2. Make your minimum repayment on time

To receive the cashback you’ve earned for the statement period, simply make at least the minimum repayment shown on your statement by the payment due date.

Once you’ve met the repayment requirement, your eligible cashback is automatically credited to your credit card account.

It’s important to remember that your cashback doesn’t count towards your minimum repayment. You still need to make the minimum repayment shown on your statement.

3. Your cashback is credited to your account

Once credited, your cashback goes straight back to your MONEYME credit card account.

You don’t need to:

Request a payout

Transfer it to another account

Convert points

Choose a reward

Enter a promo code

Your cashback is applied directly to your credit card account balance.

You’ll also be able to see your cashback in the MONEYME app and on your credit card statement, so you can keep track of the rewards you’re earning.

So, when do I actually get my cashback?

Think of it as a monthly cycle.

You spend → your cashback builds → your statement is issued → you make your minimum repayment on time → your cashback is credited to your account.

For example:
You make $2,000 in eligible purchases during your statement period. At 1% cashback, you earn $20.

Your statement is issued showing your minimum repayment and payment due date. You make at least your minimum repayment by the due date.

Your $20 cashback is then automatically credited to your MONEYME credit card account. No manual redemption required.

How much cashback can I earn?

You can earn 1% cashback on eligible purchases, up to a monthly cashback limit equal to 1% of your credit limit.

So, your maximum monthly cashback depends on your credit limit.

For example, with a $10,000 credit limit, you could earn up to $100 cashback per month.

That means your everyday spending can keep earning cashback throughout the month, up to your monthly limit.

What purchases earn cashback?

Most everyday purchases made with your MONEYME Cashback Rewards Credit Card can earn cashback.

There are some transactions that don’t qualify, including but not limited to:

Cash advances and ATM withdrawals

BPAY payments

Wire transfers and money orders

Gambling and lottery transactions

Government charges and payments, including payments to the ATO

Credit card fees, charges and interest

Balance transfers

Certain other excluded payment transactions

You can check the Cashback Rewards Terms and Conditions for more information.

What happens if I return something?

If you receive a refund or a transaction is reversed, any cashback earned from that purchase may also be reversed.

For example, if you bought something for $100 and earned $1 cashback, then later received a full refund for that purchase, the associated $1 cashback would also be adjusted.

That way, cashback reflects the eligible purchases you actually keep.

What happens if I don't make my minimum repayment on time?

To receive the cashback you've earned during a statement period, you need to make at least your minimum repayment by the due date shown on your statement.

If you don't make the required minimum repayment on time, the cashback you've earned but haven't yet received may be forfeited.

So, one of the easiest ways to make the most of your Cashback Rewards Credit Card is to keep on top of your repayments.

Where can I see my cashback?

Your cashback can be viewed in the MONEYME app and will also appear on your credit card statement once credited.

That means you can see the actual dollar value of your rewards without needing to calculate the value of points or convert them into something else.

Cashback without the complicated rewards system

The idea behind the MONEYME Cashback Rewards Credit Card is simple: reward the spending you're already doing with cashback you can actually understand.

Use your card for eligible everyday purchases.

Earn 1% cashback.

Make your minimum repayment on time.

Get your cashback automatically credited to your account.

Then do it all again next month.

No points. No conversions. No complicated redemption process.

Just cashback.

Cashback is earned on eligible transactions and is subject to the MONEYME Cashback Rewards Terms and Conditions. Cashback is capped at 1% of your credit limit per statement period. Cashback is automatically credited to your Credit Card Account subject to meeting applicable eligibility and repayment requirements. Credit criteria, fees, charges, terms and conditions apply.