You’ll earn 1% cashback every time you or your team spends. Once your total card spend before a transaction exceeds £10,000 in a month, you will earn 1.5% on your future transactions.
Example 1
If your average total spend is £0 for the month, but you then make a single transaction of £15,000, you’ll earn 1% cashback. The cashback you’ll earn for that month will be £150.
Example 2
Where you make two transactions in a month, one totalling £11,000 and the other £4,000, the amount of cashback you’ll earn is:
1% cashback on the first transaction of £11,000; and
1.5% cashback on the second transaction of £4,000 (and any transactions after that in the month).
Your total cashback for that month will be £170.
You will not earn cashback on:
- Cash withdrawal from an ATM; or
- a transaction if a refund payment is made in respect of that transaction. If cashback has already been paid to you, and an eligible transaction is subsequently refunded, you authorise us to deduct the appropriate amount from your account.