Upsized Referral Bonus: $50 for Referrer & $50 for Referee ($10 Earned Cashback in 180 Days Required) @ TopCashback AU

4100

Just saw this deal which is absolutely amazing. Anyone who hasn’t joined TopCashback are missing out on many deals like this and this and this in a single month.

Tracking with TCB has been amazing since the very start and they’ve always been my go-to cashback provider.

Terms and Conditions

Credits to Hipo for the below info:

To be eligible for the Tell a Friend bonus, your friend must verify their TopCashback account and reach the minimum cashback requirement before the expiration date. (View the Performance page for expiration dates.) You should only contact people via email or other electronic communications if you have their consent.

Some transactions will not count towards your friend’s referral threshold, including sign-up bonuses, bonus promotions, New Member Deals and any cashback awarded from the list of excluded merchants below. This list is subject to change at any time.

Merchants excluded from referral threshold:

AngelVPN
CyberGhost VPN
ExpressVPN
Ivacy VPN
NordVPN
Private Internet Access
PureVPN
Surfshark VPN
VPN Proxy Master

TopCashback AU Referrals

Referral: random (4826)

Referrer gets $50, referee gets $50 (after $10 of earned cashback within 180 days of signing up).

Related Stores

TopCashback AU
TopCashback AU

Comments

  • +14

    Hey guys. Hope you are all well.

    We’ve noticed some comments around the sustainability of our model, and we wanted to share more about it. You’re right that $50 is a generous sign-up bonus, and it’s fair to wonder how that’s possible.

    TopCashback has been around for 20+ years across multiple countries, and we’ve grown profitably (without debt or outside investors) by keeping cashback as our main focus. In fact, we’re now the market leader in several of those countries.

    Unlike many cashback sites that hold back 20-50% of commission to fund larger teams or big marketing budgets, we reinvest all of it straight back into our members. Our approach is simple: offer the best rates, build long-term loyalty, and grow sustainably. It may seem unusual at first, but it’s worked for decades, and as our community grows, we can keep securing even stronger offers for you.

    All the very best, and thank you for the continued support. TA.

    • -3

      I really hope so. However reinvesting all profits back to members (without having a surplus fund) is not the best strategy to remain sustainable in todays economy especially post covid.

      I wouldn't compare Australia to other EU countries or USA nor i would compare todays economy to 20 years ago. Our market remains considerably smaller and australians are considered as modest spenders compared to EU or US.

      A more sustainable model would be to offer the usual signup bonus and having better cashback rates as it keeps members loyal and end of the day, thats the incentive that will bring new members to join. From what im seeing is TCB is being reactive to SB instead of being proactive and offering high value incentives even before CR ceased operation.

      Just to be clear, not critisizing the approach but maybe take it as constructive feedback as we all would like to see TCB here in next 20 years (already withdrawn over $3k CB in last year), but i could be wrong, only time will tell.

      Just my 2 cents.

      P.S. if you remember, i once made a comment that CR IPO is going to be a big mistake , when most others were congradulating CR

  • +11

    let the cashback battles begin!

  • -3

    The profits of cashback websites are shocking

    • +20

      Given one just collapsed I'm not sure how accurate that is.

      They are burning a lot of money trying to gain customers but not making much profit.

      It seems Shopback has only recently become profitable, and has lost money for many years before that.

      • +5

        I dont think SB are profitable yet, only last year they reduced their workforce but they are backed by a few unicorns like Temasek, Asia Partners, 65 Equity Partners, Rakuten, Westpac, SoftBank Ventures Asia, and East Ventures just to name a few

        • +1

          ah, that's why all the bonus westpac cashback

        • backed by a few unicorns

          PE businesses, etc. are not unicorns per se. A business valued > $1bn USD is.

          • +1

            @ihbh: But they are backed by alot of billion $ companies, im pretty confident they also have undisclosed unicorn silent partners/investors too.

            All in USD net worth/market capitalisation

            Temasek > $300B

            Asia Partners > $1B

            65 Equity Partners > $3B in funds

            Rakuten > $13B

            Westpac > $138B

            SoftBank Ventures Asia > $2B in funds

            East Ventures > $1.5B in funds

            • +2

              @easternculture: No, a "unicorn" is a privately held startup company with a valuation of over $1 billion USD.

              • +1

                @ihbh: But you get my point. These companies have billions of dollars and can afford to chip in a few million every now and then and claim it as a tax loss.

      • +4

        All about customer base.

        Look at Afterpay. Worth nothing…bought out for Billions

        • Its all about if investors are willing to burn through there money in hopes of turning it profitable

          • +1

            @easternculture: That's the one…
            Adventure capitalist…take money from mum n dad investors. Give it away.
            Live off the cream in the transition.

            • +13

              @tunzafun001: And then demand tax payer money from governments to save them when they are hanging off the cliff .

              A good example is the $2.7B government help for qantas during covid, they werent even smart enough to ask for a stake in qantas in exchange and qantas was in no obligation to repay. They reported record profits in 2024 ($2B) and didnt even pay that tax payer money back.

              • +2

                @easternculture: Yet should a teacher, checkout operator, Bunnings worker, Childcare worker even think about claiming $2 on their tax return…hell to pay.

                I got audited (claimed $150 laundry), they said $144 max. They wasted an hr with an extensive email to take back my $6!

                P.S. - Side note - Seen any good PH deals?
                My Medibank free weeks are up in4 days! Might convert points for the $200 cover extension for a couple more 'free weeks'… But …if there is anything better out there…

                • +3

                  @tunzafun001: So true. I figured out ages ago that your better off not claiming unless its a substantial amount, so mostly i dont claim anything to avoid any harrasment by the ATO

                  Side note - Seen any good PH deals?

                  Good question. Im 2 weeks out and should have churned by now. Will let you know tonight if i find anything good

      • As long as they get enough data for training their AI stock management

      • It seems Shopback has only recently become profitable, and has lost money for many years before that.

        Tbf, A lot of emerging company/business do this.

    • +2

      I dont think that there is much profit considering covid, post covid and inflation.

      Honestly, not sure if its a good buisness decision to offer that high of a cashback. If they get 2k signups, thats an immediate $200k loss considering the risk of only a small percentage will remain loyal and a higher percentage will make multiple accounts with a new ip /device / burner phone number.

      Just look at CR, collapsed with the backing of a bank with a market capitalization as of $91 billion.

      I think we are at a point where companies should be looking at being sustainable and rewarding loyal customers rather than throwing out money and hoping for the best because history shows us what the outcomes are.

      • If they get 2k signups, thats an immediate $200k loss

        Immediate? Not quite.

        Terms and Conditions applying to the Referred Member (New TopCashback Member)

        To then be awarded the bonus, the new member must first reach the threshold of $10 in payable cashback. The sign-up bonus will be redeemable via the member’s account and can be withdrawn via bank transfer or Paypal only.

        You must earn the $10 cashback within 180 days from your sign up date to release your $50 sign up bonus. If the $10 threshold is not met within this 180 day period, the sign up bonus will no longer be valid and will be cancelled on the new member's account.

        $50 sign-up credit is non-transferable.

        The $50 sign up bonus will become payable once the $10 earnt cashback has achieved payable status.

        While the criteria isn't too challenging, a large number of people don't (and won't) read the fine print. So it's not an immediate loss. It has the potential to be a high loss, but in all likelihood, it won't hit them hard.

        • +1

          it won't hit them hard

          You reckon. As stated, best recent example is CR and ANZ. And thats even without offering that much of an incentive. Surely a bank that made nearly 4 billion profit last year could throw in a few million to save a company.

          That should be taken as a example to practice extreme caution in this line of business.

      • Just look at CR, collapsed with the backing of a bank with a market capitalization as of $91 billion.

        Backing - nope. CR was in the equivalent of a very small PE fund held by the bank, that had to succeed on its own merits, not get handouts from the parent. The bank ain't wasting s/hr money for the heck of it.

        • Alright. Keep telling yourself that.

          When a company starts throwing money like that, its usually a sign that they are desperate and/or on the verge of administration.

          First we had cheddar that ceased operation after 2 years in 2023, now CR in 2025. And cheddar used to throw money too (first it was $25 signup bonus to $50 to $70)

  • +17

    Damn, I joined a family member last night. Missed out. I already procrastinated for a few days. Should have procrastinated even longer

    • Me too!

    • +3

      I did the same….Better than nothing, but would good if gave us this upsize amount too.

    • +6

      Me too!!!!
      @tightarse any chance you can please honour us for the upsized cashback? Referred two persons yesterday.. 😔

      • +2

        Same here - that would be great if able!

        • +2

          would be interested to know but surely the promotion was intentionally split so we had to pick one or the other.

  • +2

    200 years ago, when a new gold mine was discovered, gold miners did whatever they could to grab a share. Nowadays, when a new customer base is released, competitors do whatever they can to grab a beer, cheers!

  • +1

    Pretty upset with TCB regarding this. Last time they had an upsized cashback, a family member bought a mobile plan that is still awaiting correction (should've been $70 cashback, not ~$11). So neither of us have received the bonus yet, that's if we get it at all.

    • +3

      Did you sent @tightarse a message to have this looked at?

      • +2

        Should we really have to?

        • +1

          He does solve all problems. Most problems require manual intervention.

  • +5

    Just made my mate join yesterday. Missed out

    • +7

      Yep same for me. I joined yesterday for the chemist warehouse deal….

      • +2

        That’s how they get ya.

      • +1

        Me too………

    • +1

      Same here, missed out 35 per referral (both)

  • Gahh, just signed up yesterday for chemist warehouse deal

  • +1

    thanks OP, will sign up for missus and take both

  • +12

    We need justice for all of us that signed up yesterday for only $20

    • Marriage is the real upsized bargain?

  • Does this work with the random referral above?

    • +1

      yes

    • +1

      Yes

  • I held off and glad I did : %50 will be handy. I need to jump on to a new cashback program.

    Anyone know if they have an e-giftcard purchase platform? Can't seem to find it

  • +1

    Exceptional deal, thanks for sharing :)

  • +6

    Signed up for $20
    Should have known better to wait
    Sigh

  • Topcashback like the golden goose brah

  • does topcashback track well on mobile via safari for example? or is it advisable to use desktop only?

    • +1

      Mine tracks via safari on iPhone. Just make sure that "Prevent cross-site tracking" is turned off in your Safari settings.

    • Always warns about not using brave browser but mine tracks using brave just fine (I do have it set to allow trackers for TCB)

  • +1

    Topcashback, justifying the name, going top in giving cashback.

  • -1

    Don't worry for anyone who missed upsized referral bonus … Get more cashback from PureVPN 130% cashback every month. How much in a year? At least almost $500 👍

    @Love a bargain @Teh White Mamba @OzBestDeal @Mr Beans @Resarf @jaboday423 @tqf8h @Dealf Hunter @kizashi @Jazzzy-b

    • +1

      Companies hate this one trick.

      • +1

        We should get paid to buy company's products :P

  • So I can sign up with a referral link and then refer two friends to claim $150 total? I can't see anything in the t&c's that says no

    • +1

      as long as you all meet the qualification spend

  • Does the referral link at the top give you this?

  • Today would be a good day to know someone who uses TopCashback

  • +3

    Gutted, literally just referred my missus last night! got a measley $45+$20 :(

  • i just referred a friend! They finally agreed to it, it shows pending $45 in my account, not $50

    • When did they sign up using your link?

      Not sure when it was increased to $50 - But last night it was still $45.

      I signed up last night to take advantage of the Chemist Warehouse Cashback and my referrer got $45.

      • Oh gosh, i wonder something………..so I sent the referal link yesterday… but they signed up just this morning

        edit: just checked, it's the same link…. scared me for a sec

        • Hmm, the deal was posted 2 hours ago so im assuming the increase only went active 2-3 hours ago.

          Which means, ouch, you might've only missed out by a very short amount of time, depending on what time your friend woke up and signed up.

          • @emoticon: nope, i told my friend to sign up after i saw this deal…

            • @cheapass88: Okay I have no clue then. Send them an email - im sure they can fix it if its a website error :)

              • @emoticon: yep, will do

              • @emoticon: I figured it out.

                So i managed to refer a few today. There's no mention of the bonus for me. So it looks like someone signed up yesterday from using my rederral link and made a purchase that qualifies! Yay

  • I have no friends who are already in TCB :(

    Assume the random referral link people will get the $50 (as would I) if I join using that and meet minimum spend/cashback req?

    • I believe so.

    • How can i post my referral link?

  • I tried to refer a friend and he got this error

    Whoopsie Daisy!

    Something seems to have gone wrong…
    Don't panic, we have detected a problem

    We’ll keep our eyes and ears open to try and find out what’s happened, but in the meantime, why not head back to our homepage or get back on track with one of the links below:

    Homepage
    Join or Login
    Free Cashback
    Hottest cashback offers
    Contact us
    If this error persists, then please feel free to contact us with this error code:RTR-ERR

    Terms and Conditions | Privacy Policy | TopCashback
    © 2005-2017 TopCashback

  • +1

    Yesterdays $50/$20 deal is way better. The Chemist Warehouse deal allowed you to blow past the $10 requirement cheaply and easily.

    • +1

      There'll be more cashbacks coming up!

    • +2

      Yesterday the referrer got $50 (I thought it was less) and the referee got $20. The max cashback from CW was $15. So that's a total of $85.

      Today they both get $50, which is a total $100 already. You have to earn $10 cashback within 180 days which is very easy. And I'm pretty sure the referral bonus yesterday had some requirements too.

      Unless I'm misunderstanding everything, isn't today's deal already $15 better overall, but obviously for the referee?

  • what to buy to get $10 cashback easily and not spending too much?

  • So just to confirm - using the randomised referral button above is the best way to go about creating a new account?

    Will also do one for my partner when I have created my account if that's the case.

    • +5

      You use the randomised button for yourself, then you refer your partner with your own account. Dont be silly and use the random referral for the second account haha.

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