How Does the Binance Card (GCC) Cashback Program Work?

Note: The Binance Card is no longer available. Binance accounts are unaffected and continue to operate as usual.

1. How does the Binance Card (GCC) cashback program work?

The Binance Card (GCC) offers cashback for every purchase 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. Click here to find out more about how your BNB holdings are calculated.

In case of a refund, Binance has the right to deduct the cashback. The deducted BNB amount is calculated as the initial BUSD 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 BUSD value as initially granted, but may have a different BNB value due to the different BUSD-to-BNB exchange rates 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 (GCC) cashback program only applies to eligible purchases made with your Binance Card (GCC). 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 (GCC) directly for payments instead of using external e-wallets. Doing so 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 30 days.

2. What are the card levels?

The Binance Card (GCC) has 7 card levels. Each level offers a different BNB reward percentage:

You may check your card level in the Card Dashboard from [Card Info] or [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 BNB balance refers to the minimum amount of BNB you need to hold in order to be qualified for the individual cashback level. 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 2% cashback on your purchases.

3. Where can I see the earned cashback?

You can see the cashback rewards under [Transaction History]. 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 cashback 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 at 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 cashback?

Please refer to the table below for the maximum amount of cashback rewards you can receive each month:

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 limit for that card level. Any further purchases you make within the month will not be rewarded any cashback.

Cashback is calculated from the first 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 based on your card level.

This card is issued by Infinios Financial Services B.S.C. (c) pursuant to license by Mastercard. By using the card, the cardholder agrees to the terms and conditions under which it was issued. Infinios Financial Services B.S.C. (c) is licensed and regulated by the Central Bank of Bahrain as an Ancillary Services Provider: Payment Services Provider and Card Processor.