Oh, Canada! Are you ready to feel like a true High Roller - Loyalty Bonus winner? Online casinos love to make their Canadian customers feel like a legitimate high roller, eh? To achieve this, they have to make players feel special and a loyalty bonus is one of the most common ways an online casino will show their appreciation. Several types of loyalty bonuses aim to make sure players stick to a single online casino, like maple syrup to a pancake. Loyalty bonuses are usually claimable after players complete the welcome bonus first since they are targeted to current customers exclusively.
Reload Bonus
While welcome bonuses are designed to get you to sign up, a reload bonus is aimed at keeping the customer happy and continuing to play at their casino. Thankfully, this means more bonus money and extra spins for the customer, eh?
Loyal customers can receive a reload bonus that aims to supply their wagering funds and is rewarded in the form of a match deposit bonus. A common reload bonus will ask the customer to make several deposits over time, with each deposit gaining an increased match bonus, just like a hockey player's hat trick!
A casino may offer a 100% bonus match for the first deposit, 50% for a second deposit, and 25% for the final deposit. There are, of course, wagering requirements attached to these reload deposit bonuses but they still allow an excellent opportunity to win bonus money. Some casinos even offer reload bonuses as part of special events, like your birthday or Canada Day, and online casino VIP programs might offer reload bonuses exclusively.
Reload Bonus - Explained
Ok, understandably the math on a reload deposit bonus can sometimes be a little tricky, like trying to figure out the exchange rate. We'll break down a reload deposit bonus, step-by-step, to make it easier for new players to take advantage of. You are offered an amazing reload deposit bonus of 200% up to $500, followed by 100% up to $100, 50% up to $50, and 25% up to $50. So how can you reach the max bonus amount, eh?
- To claim the deposit bonus, you'll need to make a first deposit that hits the minimum required amount. Since we're going for the maximum, that'll be $250 to receive a max bonus of $500 from the first deposit.
- The 2nd deposit amount will be $100 to get the 100% bonus amount of $100.
- To receive $50 in bonus funds, the deposit amount will need to be $100.
- Finally, to get the last bonus amount of $50, the deposit amount will have to be $200.
- To convert any of the bonus funds into real money, you'll have to meet the wagering requirement, just like a slap shot on the ice!
Cashback Bonus
One of the most common types of loyalty bonuses, the cashback bonus is an excellent way for online casinos to say 'thanks for sticking with us, eh?'. The bonus will typically be tied to some form of VIP program or tiered system in which players can reach milestones for rewards. Naturally, the best kind of reward possible are points redeemable for real money! Most cashback bonuses provide players with a percentage of their funds, usually losses or wagered amounts, as a reward. There are usually no wager requirements with a cashback bonus and you can cash out straight away if you choose to, just like a Tim Hortons drive-thru!
A great example of the best type of cashback offer would be a 10% return on losses when playing live casino games on Mondays. In this instance, players would opt-in and need to meet a qualifying loss amount - say between $50 and $1000. Lose $200 playing live blackjack on Monday and you would receive $20 in real money from the online casino. Of course, the milestones or requirements to reach a cash-back offer vary between online casinos. For example, a VIP program may reward continued play and the number of winnings with VIP points - once you reach, say, 500 points, you'll receive the cashback bonus, eh?
Tiered Bonuses
While we are on the topic of loyalty bonuses, VIP and loyalty programs offer many more rewards too, like a fully loaded poutine! Usually segmented into different tiers or levels, such as Gold, Silver, and Bronze, players obtain rewards befitting each tier. A low-tiered reward may be free spins, mid-tier could be boosted odds, and the top tier might be cashback offers and exclusive physical prizes such as holidays and cars. It needs to be mentioned that VIP programs are often just a great idea to join, based on the bonus perks alone - faster payouts, extended customer support, and that's before you even get offered a VIP 100 welcome bonus, eh?