Idea Bank updates its cashback program and payout conditions

JSC Idea Bank has announced an update to its loyalty program for cardholders, introducing transaction cashback for payments made using credit funds. The reward rate varies depending on the selected category, with certain services offering high return rates.

Clients can manage their preferences directly through the O.Bank mobile application by selecting and updating two cashback categories each month. For instance, transactions within the public transport category offer rewards of up to 50%, while beauty and personal care services yield a 4% cashback. The monthly cashback cap is set at 500 hryvnias.

Additionally, the bank updated its «Invite Friends» referral program, allowing customers to earn bonuses for bringing in new users. The maximum referral reward can reach up to 50,000 hryvnias per month per client. All bonuses are subject to Ukrainian taxation regulations, with the bank automatically withholding and paying the required taxes before transferring the net amount to the client's account.