We’re excited to announce that we launched “Cashback” as a new tag. Cashback is a card benefit that refunds the cardholder a small percentage of the amount spent on each purchase. You will see transactions with this tag surface in the other_inflows endpoint.
Some Key Findings
- We observed 6.12% month-over-month growth of Cashback transactions over the past year
- Average Cashback dollar amount: $37.55
- Around 9% of the users in our database get Cashback
Why this matters
Cashback rewards are a source of additional funds that can potentially be redirected towards paying off debt, allocating to a savings account, or routing towards a budget goal.
You can find the documentation here – https://docs.pave.dev/insights/other_inflows/