Rates and Caps by Level
| VIP level | Rate | Daily max | Net loss to hit the cap |
|---|---|---|---|
| Level 1 | Not eligible | None | None |
| Level 2 | 3% | A$150 | A$5,000 |
| Level 3 | 5% | A$300 | A$6,000 |
| Level 4 | 10% | A$450 | A$4,500 |
| Level 5 | 15% | A$600 | A$4,000 |
The minimum payout at every level is A$1.50.
Other Terms
- Games: casino games only. Other game types don’t count.
- Calculation: real money bets minus real money winnings for the day. Bonus funds are excluded.
- Opt-in: resets every 4 weeks, with active players opted in again automatically.
- Max bet rule: the general limit in Section 7.19 doesn’t apply.
The Day in Australian Time
A cashback day runs from 10:00 am to 9:59 am AEST the next morning, an hour later during daylight saving. The credit at 04:00 UTC lands at 2:00 pm AEST. A losing Thursday night session in Melbourne shows up as cashback on Friday afternoon.
Worked Examples
VIP Level 4: you bet A$700 on pokies and win back A$400
- Net loss: A$300
- Cashback: 10% = A$30, wagered once
VIP Level 2: the same day
- Cashback: 3% of A$300 = A$9
The takeaway
The same session is worth more than three times as much at Level 4 as at Level 2.
That’s why the headline “15% up to A$600” overstates what most players will see.
The Fine Print Worth Reading
- “Casino games” isn’t defined. The terms don’t say whether live casino counts here. Live play has its own weekly cashback.
- No activation deadline is published. Unactivated cashback is lost, but the time allowed isn’t stated.
- Eligibility depends on continued deposits. The 4-week window holds only while you keep depositing and playing.
- Read the full terms. The Daily Cashback terms on Cashed’s site, along with Section 7 of the General Terms, hold the full rules, so check them before relying on the offer.
Is It Good Value?
My take
At Levels 4 and 5, yes.
10% to 15% back daily with 1x wagering is a strong return for regular pokies players. At Level 2, 3% is modest, and Level 1 players get nothing.
The link between eligibility and continued depositing is the part I’d watch most closely. An offer that rewards daily play can quietly raise how often you deposit.
Daily Cashback is for players aged 18+. A daily payout tied to ongoing deposits makes it harder to take days off, so schedule breaks regardless of the cashback. Gambling Help Online is available on 1800 858 858 or at gamblinghelponline.org.au.
Back to the full review: Cashed Casino review