Lifestyle

Cashrewards shut down: Urgent warning issued to Australians

AnyFans 2025-09-11

By Daily,Editor

Australian cashback service Cashrewards has suddenly shut down, leaving thousands of Aussies wondering if they will get back the money they earned on the platform.

Cashrewards was an Australian cashback platform designed to help shoppers earn money back on purchases from a wide range of participating retailers.

‘Recent transactions will continue to track and be approved or declined in the next three days.

‘All transactions that are pending as at Thursday, 11 September 2025 will be approved and then you will be able to withdraw your cashback,’ the statement read.

Users have until 24 October 2025 to withdraw funds, after which any remaining balance will be automatically transferred to linked bank or PayPal accounts.

‘Members who have not withdrawn by this deadline, but have a linked bank or PayPal account, will have their available funds automatically transferred to those accounts. If you have both bank and PayPal details linked, the transfer will be made to your linked bank account.’

But Andrew Woodward, an Australian wealth coach, warned Aussies to remain vigilant and withdraw their money now before it’s too late.

‘If you’re an impacted user, make sure to check the website for updates, including for pending transactions and withdrawals. It would be best not to wait for deadlines to avoid losing your money.

‘There are other cashback and discount tools such as TopCashback which can make a noticeable difference. If you are going to be buying groceries anyways, there are still ways to get that 2-5 per cent cashback.’

For Aussies trying to save money, he offered some simple tips.

‘Broadly speaking, as everyone is facing increased costs, whether it is groceries, utilities like electricity, housing, and day-to-day living expenses, a lesson to learn is to prioritise what is important when it comes to your spending, not what is popular.

‘Apply the ‘enough principle’ – know exactly how much you need to maintain the lifestyle you want, how much you need for security, and how much you need to grow wealth. Everything above is freedom money.’

Founded in 2014 by Andrew and Lorica Clarke in Sydney, Cashrewards grew to serve over 2.5 million members and partnered with more than 2,000 major brands – including Apple, Myer, Adidas, THE ICONIC, and Booking.com.