The phrase "cent rebate" refers to getting back a certain amount of money in the form of cents after making a purchase. It means you are entitled to receive a specific number of cents back as a refund or discount. Full definition
Rewards include a 100 per cent rebate on all trading fees for the most popular traders. (meetinvest.com)
I value Marriott Rewards points at around 0.6 cents each so double points at Costoco, Sam's Club etc... is essentially the same as a 1.2 cent rebate on every dollar spent... and that's not great. (travelingformiles.com)
«We are getting a proliferation of people applying for [wine producers] licences and they can then go out and buy grapes, contract made, contract bottled and effectively sell it to the retail market at cost and claim a 29 per cent rebate back from the government.» (smh.com.au)