Quick meaning
A reward where a percentage of what you spend is returned to you as cash or credit.
Think of it like this
Like getting a small rebate at the end of a purchase.
Where you may see this
You may see this in banking apps, checkout screens, delivery updates, and digital payment instructions.
Why it matters
Knowing the term helps you pay safely, understand what a screen is asking for, and avoid costly mistakes.
Say it simply
Cashback means: A reward where a percentage of what you spend is returned to you as cash or credit.