Cashback is a reward that gives you money back when you buy airtime or pay bills through Kuda. Both referrers (existing premium users) and referees (new eligible users) can earn it. The amount of cashback you receive for a transaction is determined by your available cashback balance.
Once your payment is complete, the cashback is moved from "Available" to "Redeemed" and the money is added to your account right away.
How Does Cashback Work?
Cashback is earned when you make airtime or bill payments from your spend account.
You can’t spend directly from your cashback wallet, but you can withdraw the cashback to your spend account after making eligible payments
To view your cashback;
Open Kuda
Select More
Select Cashback
Who Can Earn Cashback?
Referrers:
Existing Kuda Premium users who invite others to join Kuda with their referral code
They earn ₦5,000 for each qualified referral (up to 2 referrals per month).
Referees:
New users who join Kuda through a referral code from a Kuda Premium user.
To qualify, they must meet the eligibility criteria (upgrade to Tier 2 and complete 5 transactions within 30 days).
Premium users:
Tier 3 users who have collected Kuda coins and unlocked Premium features
Earn 50+ coins in a month to get automatic naira equivalent credited to your cashback wallet
1 coin is equal to 1 Naira
Cashback Dashboard
The cashback dashboard shows your total rewards and activities.
Here’s what you’ll see:
Available:
This is the cashback amount you currently have.
Example: If you have ₦1,000 available, and you spend ₦1,000 on airtime or bills, the ₦1,000 will move to your Redeemed balance, then be automatically deposited into your Kuda spend account.
If your available cashback is less than the amount you spend (e.g., ₦500 available for a ₦1,000 transaction), the full ₦500 will move to your Redeemed balance, then be automatically deposited into your Kuda spend account.
Redeemed:
Once an amount has been redeemed, it is automatically deposited into your Kuda spend account.
Withdrawn:
This shows the total cashback you’ve withdrawn to your spend account.
Cashback Transaction History:
This shows all your cashback activities, including:
100% cashback earned from airtime or bill payments.
Reward withdrawals.
Example of How Cashback Works
You have ₦1,000 in your Available cashback.
You spend ₦1,000 on airtime from your spend account.
The ₦1,000 moves from Available to Redeemed, then is automatically deposited into your Kuda spend account.
Key Things to Remember
Cashback is only earned on airtime and bill payments.
You must make payments from your spend account to qualify for cashback.
You can’t spend directly from your cashback wallet, but you can withdraw it to your spend account.