The Best Cashrewards Alternatives in Australia for 2026
By Nima SaberiUpdated 19 April 20267 min read
Cashrewards shut down on 24 October 2025 after 11 years, leaving over two million members without their primary cashback platform. The three best alternatives now available to Australian shoppers are ShopBack, TopCashback, and Cashback Australia, with Qantas Shopping and Velocity eStore offering strong points-based alternatives for frequent flyers.
At a glance: the 5 best Cashrewards replacements
| Platform | Retailers | Signup bonus | Payout options | Best for |
|---|---|---|---|---|
| ShopBack | 2,000+ | Up to $30 first purchase | Bank, PayPal | Everyday shoppers, mobile users |
| TopCashback | 1,500+ | $10 tell-a-friend | Bank, PayPal, gift cards | Highest rate guarantee |
| Cashback Australia | 800+ | No current bonus | Bank | Newer platform, some exclusives |
| Qantas Shopping | 400+ | Bonus points offers | Qantas Points | Qantas Frequent Flyer members |
| Velocity eStore | 350+ | Bonus points offers | Velocity Points | Virgin Australia/Velocity members |
Rates vary store-by-store. Use the OzSavers comparison tool to check the highest current rate before every purchase.
Why Cashrewards shut down
ANZ Bank, which owned Cashrewards via its 1835i venture arm, closed the platform as part of a broader corporate restructure. The decision was announced on 8 September 2025 and the platform was fully decommissioned on 24 October 2025. Despite paying out $165 million in lifetime cashback to 2.5 million members, the business was deemed non-core to ANZ's strategic direction.
How OzSavers replaces Cashrewards for you
You no longer have to pick a single cashback site and hope it has the best rate. OzSavers compares all the remaining Australian platforms in one place — ShopBack, TopCashback, Cashback Australia, Qantas Shopping and Velocity eStore — so you can see the highest reward for any retailer in seconds, before you click through.
That means no more juggling six tabs, no missed boosted rates, and no leaving cashback or points on the table. We make our money from the same partner platforms, so it stays free for you.
FAQ
What happened to Cashrewards?
Cashrewards was shut down on 24 October 2025 by ANZ Bank, which owned the platform via its 1835i venture arm. The closure was announced on 8 September 2025 and ended 11 years of operation, leaving over two million Australian members without their primary cashback platform.
Can I still withdraw my Cashrewards money?
No. The platform was fully decommissioned on 24 October 2025. Members who had linked bank accounts had any remaining balances automatically transferred. After that date, no new withdrawals or claims could be made through the platform.
Which cashback site has the best rates now?
Rates vary by retailer. ShopBack leads on breadth with 2,000+ Australian retailers, while TopCashback offers a Highest Cashback Guarantee that pays 110% of any higher rate found elsewhere. Comparing both via OzSavers before each purchase is the most reliable way to capture the best rate.
Is ShopBack as good as Cashrewards was?
ShopBack now covers most major Australian retailers Cashrewards used to feature, including Woolworths, The Iconic, Myer, Dyson and Booking.com. With 2.5 million Australian members, weekly bonus rounds and a strong mobile app, most former Cashrewards users find ShopBack a comparable or better day-to-day replacement.
Are there any new Australian cashback sites to replace Cashrewards?
Cashback Australia is the most notable newer entrant, offering around 800 retailers and some Cashrewards-style exclusives. TopCashback, Qantas Shopping and Velocity eStore are also viable depending on whether you prefer cash payouts or frequent flyer points.
Get started in two clicks
ShopBack and TopCashback are the two essential signups. Together they cover almost every retailer Cashrewards used to, plus a $30+ welcome stack.
Bonuses paid by the platforms when you complete a qualifying first purchase. See the live comparison for current per-store rates.