Cashback: What is it exactly?

The concept of cashback originated in the 1980s in America, as a smart way to instantly reward customers for using their cards. Today, Qeld brings this concept to the Netherlands, but better. Cashback isn't complicated loyalty points or air miles; it's simply cash back on your business purchases. For every transaction with your Qeld VISA, you get 1% of the amount back. This money is automatically deducted from your monthly bill. This way, you can benefit from an immediate benefit without hassle.