How does the 1% Visa payWave rebate work?

Jasmine Shillington Updated by Jasmine Shillington

With your Military Rewards Account, you can earn 1% cash back rebate for transactions under $100 when you tap with Visa payWave to pay (i.e. using the contactless payment option), up to a maximum $25 per month.

The rebate is only available if you deposit $2,000 or more per calendar month (excluding transfers from other Australian Military Bank accounts).

Your account will be credited with the cashback in the following calendar month (e.g. rebate on January transactions will be credited in February). If your account is closed during the month, you will not receive the rebate the following month. If you make transactions not in line with the intent of the offer such as splitting larger purchases into smaller multiple transactions, conducting repeated transactions under $100 at the same merchant within an unreasonably short period of time or opening multiple accounts under the same name for the purpose of obtaining multiple cash back amounts in excess of the monthly cap, we may:

  • place a stop or freeze on your account,
  • refuse to apply the rebate to any or all of the purchases, or
  • reverse the amount of the cash backs previously paid to you. We may vary or withdraw this offer at any time.

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