How Does Binance Card Cashback Work

Note: Binance Card services in EEA will close on 20 December 2023. Binance accounts are unaffected and continue to operate as usual.

1. How does the Binance Card cashback work?

Binance Card offers cashback for every purchase that you make with the card*. The cashback percentage depends on your card level, based on the amount of BNB holdings in your Binance wallets. Cashback is calculated on a daily basis for each settled** purchase from the previous date. Binance will continue to add new benefits and perks to this program.

In case of a refund, Binance has the right to deduct the cashback. The deducted BNB amount is calculated as the initial EUR amount of the cashback on the date of the settlement and converted to the BNB amount on the date of the deduction. In other words, the deducted amount always has the same EUR value as initially granted but may have a different BNB value due to the different exchange rates of EUR to BNB on the date of the settlement and the date of the deduction.

*Cashback is paid daily in BNB to your Funding Wallet. The Binance Card cashback program only applies to eligible purchases made with your Binance Card. The list of qualified merchants and conditions is subject to change at Binance’s sole discretion.

Binance has the right to the final interpretation of whether the transaction is a subject of the reward (aka the Binance Cashback). We recommend you use your Binance Card directly for payments instead of using external e-wallets. By doing this, you can increase your chances of getting BNB cashback for your purchases.

**"Settled" purchase or transaction means that the funds of this purchase have arrived in the bank account of the seller, e.g., your grocery store. The process of settlement is performed by the payment network and may take up to 18 days.

2. What are the Card Levels?

Binance Card has 7 card levels. Each level has a percentage reward as shown in the table below.

You may check your card Level in the [Card Dashboard] from the [Card Info] section or the transaction history.

*BNB monthly average balance means the average holdings of BNB in your Binance wallets for a period of 29 days before yesterday. The amount of the BNB in the column is the minimum amount for being qualified for the respective cashback levels. For example, if your BNB monthly average balance is 5 BNB, which is between 1 BNB (card level 2) and 10 BNB (card level 3), you are qualified for card level 2 and can receive a 2% cashback on your purchases.

For more details, please refer to BNB Balance Calculation.

3. Where can I see the earned Binance Cashback?

You can see the cashback rewards under [Transaction History] along with the original purchases. Cashback is calculated and transferred to your Funding Wallet after the purchase is settled (typically happens a few days after the purchase).

Note that the following types of transactions are excluded from the BNB Rewards program calculation: Transactions on digital wallets, digital banking services, crypto exchanges, stored value products, and money remittance services. The list of qualified merchants is subject to change by Binance and its partners’ sole discretion.

4. What are Lifetime Cashback Earnings?

Lifetime Cashback Earnings are cashback rewards you receive in your Funding Wallet at the beginning of the cashback program.

5. Is there a monthly limit for the Binance Cashback?

The total maximum monthly amount for cashback rewards is capped for each cashback level individually.

Effective from: 1st July 2023.

In case the cashback received for the current month exceeds the threshold for your card level at the moment of the cashback calculation, you will only be rewarded partial cashback within the cap for the card level. Any further purchases you make within the month will not be rewarded any cashback.

Cashback is calculated from the 1st day of the month at 00:00:00 UTC. The cashback limit will be reset every month, and you will be able to receive cashback rewards again in full according to your card level.