Kozmo’s loyalty program is open to players. It works through comp point system, which a player earns by wagering. Every £10 wagered, regardless of the funding source, earns one loyalty point.
Players will receive £5 for every 1,000 loyalty points earned. This means that you must wager £10,000 to earn this £15 reward. The good thing is that each player is awarded 500 points upon registration and completing an initial deposit of at least £20.
The casino also made it a point to increase a player’s ability to earn points based on this choice of games. Below is a table that shows how many of them you can earn for every £10 wagered.
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You can only start redeeming awards once you hit the 1,000-point mark. The casino also imposed the maximum limit for redeemable points in one day and it is capped at the total of 10,000, which is equivalent to £50. Should you redeem your points, this will be treated as bonus balance and is subject to 35X wagering requirement before you can withdraw it or any amount you won from it.
In essence, if you swap 10,000 points for £50, you must wager something worth £1,750 before you can withdraw. The good thing is that there is no maximum limit to the amount you can withdraw. This means that if you swapped one thousand for £5 and you won £10,000 on a spin, you are in a very good position to cash out a huge sum.
Since the full terms and conditions apply, you must be aware that if you win more than £100,000, the casino reserves the right to break down your payments into ten instalments. This means that you will have to wait as long as 10 months to cash out all your funds. The payment will be divided in increments of 10% per month.
In addition, the maximum that you can win for a spin is £250,000. If you swapped your loyalty points for £50 and won on a slot jackpot anything more than £250,000, the test will be voided. The only exception to this rule is if you play in progressive jackpot games.
Lastly, any winnings from your loyalty points exceeding £250,000 may take up to 30 days to process, on top of the 10-month hold that the casino imposes.