How Does Binance Colombia Card Cashback Work

Note: The Binance Card is no longer available. Binance accounts are unaffected and continue to operate as usual.

1. How does the Binance Colombia Card cashback work?

The Binance Colombia Card offers cashback for every purchase you make with the card*. The cashback percentage depends on your card level, based on the amount of BNB holdings in your Binance wallets. Cashback is calculated on a daily basis for each settled** purchase from the previous date. Binance will continue to add new benefits and perks to this program. You can click here to find out more about how your BNB holdings are calculated.

In case of a refund, Binance has the right to deduct the cashback. The deducted BNB amount is calculated as the initial BUSD amount of the cashback on the date of the settlement and converted to the BNB amount on the date of the deduction. In other words, the deducted amount always has the same BUSD value as initially granted but may have a different BNB value due to the different BUSD-to-BNB exchange rates on the date of the settlement and the date of the deduction.

*Cashback is paid daily in BNB to your Funding Wallet. The Binance Colombia Card cashback program only applies to eligible purchases made with your Binance Colombia Card. The list of qualified merchants and conditions is subject to change at Binance’s sole discretion.

Binance has the right to the final interpretation of whether the transaction is a subject of the reward (aka the cashback). We recommend you use your Binance Colombia Card directly for payments instead of using external e-wallets. This can increase your chances of getting BNB cashback for your purchases.

**"Settled" purchase or transaction means that the funds of this purchase have arrived in the seller's bank account, e.g., your grocery store. The process of settlement is performed by the payment network and may take up to 30 days.

2. What are the card levels?

The Binance Colombia Card has 7 card levels. Each level has a percentage reward as shown in the table below.

Card Level	BNB Monthly Average Balance*	BNB Rewards for Your Purchases
1	0	1%
2	1	2%
3	5	3%
4	40	4%
5	100	5%
6	250	6%
7	600	8%

You may check your card Level in the [Card] dashboard from the [Card Info] section or the transaction history.

*BNB monthly average balance means the average holdings of BNB in your Binance wallets for a period of 29 days before yesterday. The amount of the BNB in the column is the minimum amount for being qualified for the respective cashback levels. For example, if your BNB monthly average balance is 5 BNB, which is between 1 BNB (card level 2) and 5 BNB (card level 3), you are qualified for card level 2 and can receive 2% cashback on your purchases.

3. Where can I see the earned Binance Cashback?

You can see the cashback rewards under [Transaction History] along with the original purchases. Cashback is calculated and transferred to your Funding Wallet after the purchase is settled (typically a few days after the purchase).

Note that the following types of transactions are excluded from the BNB Rewards program calculation: transactions on digital wallets, digital banking services, crypto exchanges, stored value products, and money remittance services. The list of qualified merchants is subject to change at Binance and its partners’ sole discretion.

4. What are the Lifetime Cashback Earnings?

Lifetime Cashback Earnings are cashback rewards you receive in your Funding Wallet at the beginning of the cashback program.

5. Is there a monthly limit for the Binance Cashback?

The total maximum monthly amount for cashback rewards is capped for each cashback level individually.

Level	Monthly cap (BUSD)
1	5
2	50
3	100
4	150
5	200
6	250
7	350

In case the cashback received for the current month exceeds the threshold for your card level at the moment of the cashback calculation, you will only be rewarded partial cashback within the cap for the card level. Any further purchases you make within the month will not be rewarded any cashback.