Indeed, PhonePe has become one of the most used digital platforms in India over these few years. They provide lots of services like transferring money, paying bills, mobile recharges, and even shopping online. What PhonePe has made attractive is its cashback effectiveness, where money is paid back at a certain percentage with every transaction done on the platform. Note that, the PhonePe cashback feature helps you save more money while paying bills, recharging your phone, or even making purchases online.
In case you’re wondering how to claim cashback on PhonePe, or get your rewards and put PhonePe cashback offers to better use, then you are exactly where you need to be. Below is a comprehensive stepwise approach to unlocking PhonePe cashback features.
What is PhonePe Cashback?
PhonePe cashback is a rewards type that allows users to receive money as a percentage of their purchases made through the application. This includes making bill payments, charging mobile devices, shopping on affiliated websites, or paying via PhonePe UPI. Users are generally credited the transactions’ percentage back on their PhonePe wallets as cashback and can use the money for other transactions or withdraw to their bank accounts.
Top Ways to Get Cashback on PhonePe
1. PhonePe Offers and Promotions
PhonePe, like many other payment applications, offers rebates on certain transactions. These are promotional offers and may change from time to time. They can all be found in the “Promotions” section of the PhonePe app. Common offers include the following:
- Bill Payments: You can earn cashback when you pay utility bills such as electricity, water, or gas PhonePe bills.
- Mobile Recharges: You can receive a rebate on eligible mobile or DTH recharges done through PhonePe.
- Online Shopping: Some Telephonepe registered merchants pay cash back as a promotional rebate for using PhonePe to transact with them.
Also, do not forget to browse through the Offers section before making payments so that you can maximize your cashback.
Also Read: How to Change UPI PIN in PhonePe?
2. Referral Program
PhonePe has one of the most interesting cashback programs, especially through its referral program. For each successful referral made to a friend, both you and your friend receive cashback after your friend’s initial transaction with the application. Here’s how it works:
- Send your referral code/link to friends or family.
- Once they register and perform their first transaction, both of you earn cashback.
A PhonePe referral program is a win-win opportunity as new customers will be rewarded with free money when you invite them to join.
3. Bank Offers & UPI Cashback
PhonePe partners with many bank operators to provide exclusive cashback incentives. For example, linking your debit/credit card, or a certain bank account can unlock special cash-back offers for these payment methods. Also, PhonePe’s UPI cash transfers and payments might earn you some cashback as well.
4. PhonePe Gold Cashback
PhonePe permits the acquisition of digital gold on the platform as well. During special events, they even offer cashback benefits for acquiring gold using PhonePe. In this case, you do not only get to invest but also get to earn cash back on your gold investment.
How to Use PhonePe Cashback
When cashback is credited to your PhonePe account, you can now make transactions using that amount. Here’s how:
1. Check Your Cashback Balance
Open the PhonePe app, and go to the Wallet section to view your cashback balance. Make sure your cashback has been credited to your account after eligible transactions have been made.
2. Apply Cashback During Transactions
When you are making a payment or performing a transaction via PhonePe, you will notice that there’s an option to use a wallet balance (this balance includes your cashback). Use that option, and cashback will be deducted from your payment and the decreased amount will be the total cost.
3. Transfer Cashback to Your Bank Account
You can also move your cashback from your PhonePe wallet into your linked bank account. To do this, go to the Wallet section, select Transfer, and enter the amount that you want to withdraw into your bank account.
How to Claim Cashback on PhonePe
With the PhonePe application, it is common for customers to receive the cashback without taking any steps once they complete an eligible transaction. But if you have not received the cashback amount after making a payment, here are the steps you can take:
1. Verify the Eligibility
Check whether the transaction made is eligible for the cashback amount. Some offers are subject to conditions such as minimum amounts or a specific mode of payment.
2. Check Your PhonePe Account
Cashbacks are credited to the PhonePe wallet within a few minutes for all eligible transactions. It may be possible that you do not see the cashback instantaneously. You may want to check back in a few minutes.
3. Contact PhonePe Support
If you still have not received your cashback after a period of waiting, do not hesitate to reach out to PhonePe customer support through the application. They are there to help fix the problems.
Tips to Maximize Cashback on PhonePe
These are tips to be more efficient and get better cashback on PhonePe:
1. Keep an Eye on New Offers
The PhonePe Offers section gets updated now and then, with higher cashback offers. Always search for new offers before payments or recharges, so you can get the most out of the offers.
2. Link Your Bank Account & Cards
If you link your bank and credit cards with your PhonePe account, you’re liable to smartphones’ special cashback offers. Some banks offer extra cashback when spent using PhonePe.
3. Use PhonePe for Daily Transactions
Making payments through PhonePe regularly, such as paying bills, recharging, or sending money to friends increases the chances of getting more cash back shortly.
4. Participate in Festive and Seasonal Offers
If it’s a festival or any event throughout the year, there is an extra cashback offer, so make sure to check the app for seasonal offers as they would normally be higher than other offers.
Conclusion
PhonePe cashback is an excellent method of saving money as you carry on with your everyday transactions. Its multitude of cashback opportunities, such as offers, referrals, and even bank cashback makes this feature of PhonePe very useful as people are often engaging in many different activities. Be it bill payments, mobile recharges, or e-shopping, PhonePe rewards you with cashback on any transaction you carry out.
If you wish to make the most out of your PhonePe rewards, ensure you do not miss the latest, ongoing promotions and use the application judiciously. Start earning cashback today, and make your digital transactions even more rewarding.
FAQs About PhonePe Cashback
1. How do I get cashback on PhonePe?
Cashback on PhonePe can be availed via eligible promotions using the app to pay bills, recharge mobiles, or shop with PhonePe merchants. You can also avail of cashback through refer-a-friend programs where both you and your friend would earn cashback after their first transaction is complete.
2. How can I use cashback in PhonePe?
The cashback that is earned goes directly to the PhonePe wallet. When performing transactions in the future, you can choose the wallet balance option. Otherwise, the cashback can be withdrawn by transferring the funds to your linked bank account.
3. How do I redeem cashback through PhonePe?
Cashback is usually credited after a valid transaction is made on the eligible account. If no cashback has been deposited, make sure to check the Offers section for any conditions. For further assistance, you may contact PhonePe customer support.
4. Can I transfer PhonePe cashback to my bank account?
Of course, the cashback earned on PhonePe can be transferred to the linked bank account. To do so, visit your PhonePe wallet, select Transfer, and enter the desired amount of cashback you wish to transfer.
5. How often are PhonePe cashback offers updated?
PhonePe makes alterations and adds new cashback offers quite often, sometimes on a monthly or weekly basis. New offers might consist of cashback or discounts on services like bill payments, shopping, and recharges. Check the Offers section of the app to see if there are any new deals available.