Online Casino Bonuses – Types and Qualities
Table of Contents:
Types | No Deposit | Deposit Required | Codes | Cashback | Golden Chips | Qualities | Wagering Requirements
Online casino bonuses are the neon lights of the online casino world, the dazzling attractions that lure players into these virtual casinos and incentivize them to stick around.
They are also one of the many reasons that players prefer online gambling to offline gambling, because the latter only offers perks and freebies to the highest of high-rollers, whereas the former offers them to everyone.
Here at Casino.com NZ we pride ourselves on having the largest selection of bonuses, ones that can cater to all tastes and stake levels. These offers range from Bonus Spins and Matched Deposit Bonuses, to VIP Programs and No Deposit Bonuses.
Casino Bonus Types
Online casino bonuses vary greatly and it pays to understand how these operate - only then can you know which ones are best suited to your playing style and budget:
No Deposit Bonus (Free Bonus)
This is one of the most sought-after online casino bonuses, but it’s one that doesn’t suit all players. As the name suggests, this bonus doesn’t require a deposit and is instead released as soon as the player signs up.
It does have wagering requirements, which dictate how many times the deposit needs to be bet before it can be withdrawn, and the amount available tends to be much smaller than other bonuses. Most No Deposit Bonuses are limited to amounts of between $5 and $20, which is why this bonus isn’t suitable for all players.
$5 to $20 is ideal for small stake players and even for medium stake players. It may be on the shorter side of their budget, but free is free.
Deposit Required Bonus (Reload Bonus)
There are two types of deposit bonuses and these vary not in size or terms, but in who they are offered to. A Welcome Bonus is offered to all new players who sign up and meet the qualifying criteria, which can include using specific deposit methods, meeting certain terms, or even playing specific games.
These bonuses can be quite substantial and at Casino.com NZ we have some of the largest you will find anywhere on the internet. These bonuses will give you a head-start, allowing you to collect credits that can be used to play online slots, blackjack, roulette and even Live Casino games.
On the flip side, you have something known as Reload Bonuses. These are offered to current members as an incentive to make another deposit and to continue playing. Reload Bonuses work in the same way as the Welcome Package, but you don’t need to be a new player to acquire them.
In all cases, deposit-required bonuses have wagering requirements and other terms. Until these requirements have been met, then all bonus money, including any winnings accumulated, will be classified as a pending bonus.
A pre-wager bonus is one that is released prior to any bets being made, but one that can only be fully unlocked after certain requirements are met. It can be a No-Deposit Bonus as well as a Deposit Bonus, as it is defined by when it is released as opposed to how much it releases or how it works.
The bonus will remain in the player’s account until certain requirements have been met. For the most part, this includes a wagering requirement, which is discussed in more detail below, but it can also include limits placed on certain bets/games, as well as maximum payouts.
Also known as a post-wager bonus, this is released after requirements have been met and not before. As with a Pre-Wager Bonus, an After-Wager Bonus can be both a Deposit and a No Deposit offer. The requirements are also similar, with the main difference being that the bonus is released in full after these have been met, as opposed to sitting in a pending balance until they have been met.
It’s possible for players to cycle through a number of different bonuses over the lifetime of their account, and even to activate several bonuses at once, but only one of these can be active at any time. For instance, a player may begin with a No Deposit Bonus, only to move onto a Deposit-Required option when this first bonus has cleared in full.
Casino Bonus Codes
Some bonuses require specific codes to be entered before they are unlocked. These codes may trigger a Pre-Wager or After-Wager bonus, one with or without requirements. They are used for both new and current members and for Free Spins as well as Bonus credits.
To discover which bonus codes can be activated right now, and to learn more about our current range of bonuses, visit our Promotions page.
It’s also worth noting that many of our bonus codes are sent via SMS and email and are exclusive to the players that receive them. If you ignore these messages or opt-out of receiving them, you may miss out. So, make sure you have subscribed to our promotional materials and we’ll ensure you get the best offers as and when they are available.
The Casino.com NZ VIP program offers a string of rewards, bonuses and perks to active players. These are offered on a daily, weekly, and monthly basis; the more you bet, the higher you will climb in this program and the more perks you will receive.
There are five tiers to this program. All new members will enter the Bronze tier, where they can receive a regular deposit bonus, in addition to several promotions and other perks. Once players progress through the Silver, Gold, and VIP tiers they will make it to the final tier, the VIP Elite.
At this level, players can receive invitations to exclusive VIP events, a personal cashback offer, special gifts, dedicated VIP support and account team, and many more bonuses.
Progression is made by accumulating more loyalty points and making higher deposits. Take a look at our VIP Loyalty Program page to learn more and to see these tiers and their perks.
Cash and Cashback
Cashback bonuses are rare and typically reserved for players at the VIP Elite level of our VIP Program. These bonuses rarely have wagering requirements attached and instead, they return a set amount of money to a player’s account. This money can be used to bet, or it can be withdrawn.
Cashback bonuses are also known as Cash Rebates or simply Cash Bonuses.
A Golden Chip is a special kind of casino chip that can be used to play any game in the Casino.com NZ games room. It is valid for a single hand of cards, a single spin of a Roulette wheel, or anything else you choose to spend it on. Only 1 Golden Chip can be played per game and winnings may be released as cash or bonuses.
You’ll often see the words Free Spins and Bonuses used in relation to slot machines. These terms may be describing actual free spins (discussed below) or cash bonuses (discussed above). However, they may also refer to in-game features that award additional spins or random features as a way of increasing a player’s return.
These are offered by the game and not by the casino and are as varied as the games themselves.
A Free Spins bonus is one that awards a fixed number of spins to be used on a predetermine slot or series of slots. These may form part of a Welcome Bonus, in which case a large number of spins are often awarded alongside, or in place of, a deposit bonus. They may also be offered to players as part of the Loyalty or VIP Program, or as an incentive to play a new slot.
All Free Spins have a fixed monetary amount and return either a cash sum or bonus credits, the latter of which comes with wagering requirements. To learn more about this specific bonus type, visit our Free Spins Bonus page.
Bonuses have many different qualities. You need to pay close attention to these before you collect and start using them. These terms include:
Online casino bonuses can differ quite considerably in size, ranging from just $5, $10, or $20, to over $1,000. This is something you should pay close attention to, making sure the deposit amount is suitable for your style of play and your budget. You should also check whether the bonus requires you to make a deposit or not. Generally speaking, smaller bonuses have fewer requirements, but this isn’t always the case.
Many bonuses are limited to specific games. This is more common with Free Spins, which are often limited to single slots or to slots created by specific developers, but it’s also true for some Deposit and No-Deposit bonuses. What’s more, many bonuses have wagering requirements that do not include certain games or give more weight to some games than they do to others.
Redeemable / Non-Redeemable
A bonus may be redeemable or non-redeemable. In the case of the former, then the full amount, which includes the deposit and the bonus, can be redeemed when the wagering requirements have been met. As an example, if you deposit $100 and receive a $100 bonus, then the full $200, in addition to any winnings, can be redeemed once the requirements have been met.
With a non-redeemable bonus, only the winnings can be withdrawn. If, for example, you deposit $100, get a $100 bonus, and win $50 while you meet the requirements, then you will be able to withdraw $150.
Wagering requirements are used in nearly all online casino bonuses and must be met before the bonus can be withdrawn. Also known as a Playthrough Rate or a Bonus Rollover, these terms dictate how many times the bonus needs to be wagered or risked before the bonus can be fully unlocked.
Wagering requirements are often listed as a number with a multiplier, such as 30x, 40x, or 50x. This means that the money needs to be wagered a total of 30, 40, or 50 times. If that amount is $100, for instance, then a total of $3,000, $4,000, or $5,000 would need to be bet before it clears.
The requirements can be attached to one of the following:
- Multiplier of the Deposit: The wagering requirements are attached to the deposit cash and not the bonus. If, for instance, you deposit $100, then this is the amount to which the requirements are fixed, even if you get an additional $100 bonus for a total of $200.
- Multipliers of the Bonus: The requirements are fixed on the bonus itself. In the above scenario, it would still be $100, in which case the requirements wouldn’t change, but the bonus amount is not always the same as the deposit amount and may be more or less.
- Both the Deposit and Bonus: In this case, the full amount is used. In the first scenario, this means the wagering requirements would be attached to the $200, as opposed to $100.
As you can see, there are a huge number of online casino bonuses here at Casino.com NZ, with all players catered for. There is no better way to introduce yourself to our great games and features, so sign up today, collect a Welcome Bonus, and look forward to receiving countless more offers as a Casino.com NZ player.
You’ll be rewarded for signing up, playing regularly, making deposits, and enjoying our vast selection of slots and table games.