The Cheddar app was tailored to Gen Z shoppers, utilising artificial intelligence to deliver personalised brands, content, deals, and cashback offers.

Cheddar informed users via email on Friday 5 May of its decision, offering customers the ability to withdraw available cashback balances at any time up to 31 August 2023.

Further, Cheddar will no longer process new purchase transactions 12pm AEST from 5 May 2023. 

All pending cashback transactions and bonuses where a qualifying transaction has occurred are to be approved by 6 May 2023. 

In a statement released Friday 5 May, Cheddar noted since launching in November 2021, the app has paid out more than $2 million in cashbacks and bonuses. 

Cheddar's main competitor is ‘ShopBack’ which serves more than 35 million customers in the Asia pacific region across major brands such as Amazon, Booking.com, eBay, Target, ASOS and Uber. 

In December 2022, Westpac pumped $44 million into ShopBack, allowing Westpac credit and debit card customers to access exclusive cashback offers via a dedicated Westpac hub in the ShopBack app and website.

ANZ also operates in the cashback space, having partnered since July 2021 with the second-largest cashback app in Australia ‘Cashrewards’.

Cheddar notes customers that have questions or require assistance can contact the Cheddar team via the Help button in the App or by emailing support@getcheddar.com.au.

Read more: 10 Best Budgeting & Saving Apps in Australia


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    000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
    *Rate varies on savings amount
    • Deposit $500 per month to get bonus interest
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    Important Information and Comparison Rate Warning

    All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here. Rates correct as of July 19, 2024. View disclaimer.

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