Cashback

A cashback is a strategy used by credit card, online wallets and other such companies to nudge their users to use them as payment methods by rewarding them users for choosing them

Example:
For example, Ravi goes and buys a phone worth 10,000 rupees with a particular bank card and he gets 10% cashback. Which means he will receive 1000 in his bank account after making the purchase. This money generally comes either instantly or within 4-5 working days .