Bank cards are an integral part of everyday financial transactions. But would you like your card to do more than simply cover essential spending? This guide looks at cashback cards offering money back and other rewards to help you get more from your finances.
The Best Cards for Cashback
Banks and financial institutions offer attractive cashback benefits. What do those benefits include, and how can they help you?
What Is Cashback?
Cashback is a reward program that returns a percentage of your spending. Each eligible purchase earns a certain amount back, helping you save money each month and receive an additional return.
Many banks and financial institutions offer cashback or loyalty rewards to encourage people to open or retain an account. I have prepared a list to help you choose among cards offering these benefits.
Some spending is unavoidable. You will need to fund those purchases anyway, so why not earn rewards on top of discounts? That is what cashback cards offer. Below are some of the most advantageous cards that give money back as you shop.
A List of Leading Cashback Cards
The following cards have been selected for different needs and spending habits. Use the list to identify the option that best suits you.
ParamKart
ParamKart is a digital account available with Mastercard, Visa and Troy options. You spend the amount you load, without account-opening or usage fees. Among prepaid cards, it offers notable sector-specific cashback benefits. In food, clothing, electronics, cosmetics and other categories, you can receive cashback in addition to discounts.
Use the mobile app to load Turkish lira, transfer money or request money from other ParamKart users. You can withdraw or deposit cash through bank ATMs.
Apply for a free ParamKart and begin using it for purchases. For detailed, current information about Param products and benefits, visit param.com.tr.
Paycell Card
Paycell is a prepaid shopping card ready for immediate use. Activate it with your phone number, load money and start spending. It requires no application, works independently of your mobile operator and has no age restriction. Every ₺1 spent with the card earns 2 Paycell Points.
You can withdraw and deposit money at bank ATMs and PTTmatik machines.
Paycell applies a monthly transaction limit to accounts without identity verification. The stated limit is ₺2,750. To increase it, you can verify your identity by sending ₺1 from a bank account in your own name to a bank partnered with Paycell.
For the latest campaigns and offers, visit paycell.com.tr/kampanyalar/ .
Burganbank
Burganbank is another provider offering cashback through its private banking services. Its stated benefits cover spending in areas including airport parking, digital platforms, veterinary care, theater and cinema. Cashback varies according to spending thresholds. Visit burgan.com.tr/kampanyalar/ to check current campaigns and eligibility.
MoneyPay Card
MoneyPay is a prepaid shopping card. You can load money into your account at participating top-up points or by bank transfer/EFT, then spend it worldwide. It supports secure shopping in the digital environment. MoneyPay accounts, available through Migros stores and participating locations, have no opening or usage fee. The card is available at partner locations and costs ₺15. Anonymous MoneyPay accounts have a top-up limit of ₺2,750. Cashback offers return the specified percentage of eligible purchases.
MoneyPay Card Top-Up Fees
| Top up by credit, debit or prepaid card | FREE – single payment, up to ₺1,000 in total Single payment above ₺1,000: 2.00%(1) |
| Top up by bank transfer/EFT | FREE – up to ₺1,000 in total Above ₺1,000: 0.25%(2) |
| Top up at Migros stores | Up to ₺50: ₺5 ₺50–₺250: ₺10 ₺250–₺500: ₺15 ₺500–₺750: ₺20 ₺750–₺1,000: ₺25 ₺1,000–₺2,000: ₺45(1) |
Tosla
Tosla is another card offering benefits. It is used particularly as a virtual card: you can open a digital account and start using it immediately. You can also obtain a physical card at sales points or order a personalized card through the company's website. It offers cashback of up to 50% on purchases. Personalized cards are prepared in your chosen color and delivered to your address. You can earn up to ₺20 in Tosback on initial purchases to recover the card fee. Alongside category-specific cashback, its referral campaign offers ₺10 for each person you introduce.
The balance in an anonymous Tosla account cannot exceed ₺2,750 at any time.
Users who make no financial transaction through their account or Tosla card and do not even sign in to the app during a 30-day period are charged a ₺3 inactivity fee. The fee does not apply when you use Tosla. Uncollected amounts do not become debt. If your balance is below ₺3, only the available balance is taken.
Cashback Cards in 2024
Many providers require a certain monthly spending amount or number of recurring payments before cashback is earned. Others base the reward on purchase value or set a total cashback limit.
Check whether the additional benefits genuinely serve your needs. Watch for rising fees and benefits that are suspended or changed.
Cashback cards can provide advantages on services you use regularly and purchases you need to make. Offers differ according to provider agreements and company policies, so not every purchase will necessarily earn cashback. Checking the terms before making a transaction is the sensible approach.
The information in this article is based on details published on the providers' websites as of January 2, 2024. Confirm any changes or discontinued benefits directly on their websites.
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