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Cashback vs. Rewards Points: Which is Better for Your Wallet?

September 27, 2023

When it comes to managing your bank account, every penny counts. That's why reward programs like cashback and points systems are so appealing. But which one offers the best value for your money? Let's dive in.

What's The Deal With Cashback?

Cashback is a form of reward where you get a percentage of your spending back into your account. It's simple and straightforward. You spend, you get money back. It's like getting a discount on everything you buy with your credit card.

At bunq for example, our credit card cashback program puts money right back into your pocket. Whenever you use a bunq credit card, you can get up to 2% cashback on eligible payments. Additionally, our ZeroFX feature means you get real-time rates when you use your card abroad, saving you money on foreign transaction fees.

How About Reward Points?

Reward points, on the other hand, accumulate as you spend. You can exchange these points for goods, services, or even travel miles. However, the value of these points can vary greatly depending on the rewards program and redemption options.

So, Cashback or Reward Points?

While both have their merits, cashback tends to offer more tangible benefits. It's easy to understand and you can use your cashback however you wish. At bunq, you get your cashback added to your account each and every week. There's no need to navigate through complicated points systems or worry about point values fluctuating.

With bunq, you'll enjoy the simplicity and freedom that cashback offers. Plus, with features like Easy Budgeting, you can manage your money effortlessly and make the most out of your cashback earnings.


In conclusion, while reward points might be attractive to some, cashback generally provides more flexibility and straightforward benefits. So why not simplify your banking experience with bunq's cashback program? It's time to put your money back where it belongs - in your wallet.

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