25 Free Spins No Deposit Australia 2026: The Honest Guide to the Math, the Licences and the Cashout Caps

The 25-Spin Illusion: What “No Deposit” Actually Means in 2026

Twenty-five free spins sound like a round of drinks. In practice, they are a coupon with an anchor attached, and the anchor is usually a 40x wagering requirement that weighs more than the headline number suggests. The phrase “25 free spins no deposit Australia 2026” gets typed into search bars by players looking for a free crack at a pokie. What they get is a structured acquisition product, priced in expected value and capped at the back end.

Here is the first number worth chewing on. At a typical spin value of A$0.10, 25 spins represent A$2.50 of staked value. On a slot with a 96% return-to-player, the expected return is A$2.40. The house edge, the silent tax, is about A$0.10 per 25-spin batch. Nobody is funding a beach house with that. The operators know it, the affiliates know it, and the only people who seem genuinely surprised are the ones who read the banner and not the bonus terms. So before we rank anything, let us be clear: “free” is a marketing adjective, not a financial state. Casinos are not charities with a licensing problem.

What follows is a practical breakdown of the Australian no-deposit market as it stands in 2026. It covers the operators that actually publish 25-spin or near-25-spin offers, the licences they hold (none of them Australian), the arithmetic behind the bonus, the cashout ceilings, the payment friction, the mobile and crypto angles, and the parts of the terms that turn a win into a support ticket. The goal is not to talk you out of claiming a bonus. The goal is to make sure you know exactly what you are claiming.

The Short List: Casinos That Publish 25-Spin (or Near-25) Offers for Australian Players

Exact 25-spin offers exist, but they are not the industry default any more. The average starter pack has crept up to 40–50 spins because the headline number sells, even when the underlying value per spin stays pinned at A$0.10–A$0.20. A 50-spin offer at A$0.10 is not twice as generous as a 25-spin offer at A$0.20; it is the same A$5 of staked value with a different marketing wrapper. The operators below are the ones that consistently appear in Australian-facing listings, publish readable terms, and hold a foreign licence that can at least be named.

BitStarz — 50 spins, no code, the closest thing to frictionless

BitStarz runs a 50-spin no-deposit offer on Gold Rush, a BGaming title, and it does not require a promo code. That no-code structure is a small mercy in a market where half the offers come with a string of capitals you have to copy into a box. The wider brand carries a Curacao licence, publishes its wagering at 40x, and has a long-standing reputation for crypto withdrawals that clear faster than the banking rails on a card-based account. The no-deposit spins are game-specific, which means you are not getting a casino-wide voucher; you are getting 50 attempts on one machine. The terms still cap the conversion, and the usual verification checks apply before a withdrawal leaves the building.

For a player who wants the shortest path between registration and a spin, BitStarz is the least annoying of the credible options. The trade-off is that “least annoying” is a relative term. The bonus is still a 40x product, the cashout cap still exists, and the Curacao licence still means your consumer protection is not Australian. But the interface is clean, the terms page is not a labyrinth, and the withdrawal reputation is better than the average offshore brand.

7Bit Casino — 50 spins and a code you will forget

7Bit Casino attaches 50 free spins to Lucky Crown Spins and requires the code ACEBONUS during activation. The code step is not a deal-breaker, but it is a friction point that BitStarz avoids. The underlying structure is familiar: Curacao licence, 40x wagering, crypto-friendly banking, and a welcome package that extends well beyond the no-deposit teaser. 7Bit has been in the Australian-facing market for years, which counts for something when the alternative is a brand that appeared three weeks ago and has no complaint history to inspect.

The practical difference between 7Bit and BitStarz is not the spin count. Both are in the same value band. The difference is the banking experience and the game library. 7Bit leans harder into crypto and a broad slot catalogue; BitStarz leans into a streamlined interface and faster automated payouts. If you are the kind of player who values a promo code field that actually works on the first attempt, 7Bit is fine. If you value fewer steps, BitStarz wins by a nose.

MIRAX Casino — the literal 25-spin offer

MIRAX is one of the few brands that still advertises a straight 25-spin no-deposit package, sometimes tied to All Lucky Clovers 5 and activated with a code such as 25MISS or MX40 depending on the promotion window. That is the offer the keyword is actually asking about. The catch is the same catch that follows every offshore no-deposit product: 40x wagering, a capped maximum cashout, and a Curacao licence that sits outside the Australian regulatory perimeter. The 25-spin count is not a signal of a smaller, gentler bonus. It is a smaller headline attached to the same contractual machinery.

MIRAX suits players who specifically want the 25-spin structure and do not need a 100-spin banner to feel good about signing up. The game-specific restriction means your spins are not casino-wide currency. They live and die on the nominated slot. Read the eligible-game line before you register, because “25 free spins” without the game name is only half the offer.

KatsuBet, HellSpin, National, Rocket and the rest of the 40x club

KatsuBet runs 50 spins on Wild Cash with the code CASH, again at 40x. HellSpin’s no-deposit allocation sits in the 20–100 spin range depending on the campaign, with a typical 40x wagering requirement and a Curacao licence. National Casino and Rocket Casino both run welcome structures where the no-deposit component is a fixed slice and the larger figure depends on subsequent deposits. Rocket’s published no-deposit terms have historically included 50 spins at A$0.10, 40x wagering and a A$100 max cashout. National’s equivalent sits in the same band: 100 spins at A$0.10, 40x, A$100 cap. SkyCrown offers a slightly softer 35x on a smaller spin package, which is the closest thing to a meaningful difference in this tier.

Ricky Casino and Ignition Casino also surface in 25-spin searches. Ricky’s offer is 25 spins at 35x with a A$30 minimum withdrawal; Ignition’s is a 25-spin Bitcoin offer at 25x with a A$20 minimum withdrawal. Those lower wagering multipliers are worth noticing, even if the brands are not the first names that come to mind. Joe Fortune’s 20-spin offer at 30x with a A$50 minimum withdrawal is another variation on the same theme. The pattern is clear: the spin count is the marketing variable, while the wagering multiplier and the cashout cap are the terms that actually decide whether you see a dollar.

The Legal Reality: Every “Australian” No-Deposit Casino Is Offshore

The Interactive Gambling Act 2001 prohibits online casino operators from offering real-money gambling services to customers physically located in Australia. That is not a grey-area interpretation; it is the statutory baseline. No Australian licence exists for online casino play. The licences that do exist at the state level cover sports betting and limited wagering products, not casino-style free-spin promotions. This means every operator offering 25 free spins no deposit to an Australian resident is licensed elsewhere: Curacao, Anjouan, Kahnawake, or a similar offshore jurisdiction. The “Australia” in the keyword is a market descriptor, not a regulatory one.

The enforcement arm is the Australian Communications and Media Authority. Since 2017, the ACMA has blocked illegal gambling websites at an industrial pace. By the second quarter of 2026, the regulator had investigated dozens of sites and referred hundreds for blocking, with the cumulative total passing 1,800 domains. The ACMA’s blocklist includes online casinos and online slot services that provide prohibited interactive gambling to Australian customers. The practical effect is that domains rotate, mirrors appear, and a brand that worked last month may require a new URL this month. That is not a technical glitch. It is the enforcement environment.

What does this mean for your 25 spins? It means your counterparty is an offshore entity. If a withdrawal goes sideways, your complaint does not go to an Australian ombudsman. It goes to a Curacao regulator with a slow, document-heavy process, or to a Kahnawake authority that operates on its own timeline. The operator may be legitimate in the sense that it pays some players, but “legitimate” and “regulated in your jurisdiction” are different words. The no-deposit bonus is not illegal for you to claim, but the consumer protection you would expect from an Australian-licensed product simply is not there.

How a 25 Free Spins Bonus Actually Works (The Arithmetic Nobody Puts on the Banner)

Strip the banner art away and a 25-spin no-deposit offer is a fixed-value coupon. The casino assigns a spin value, usually A$0.10 or A$0.20, ties the spins to a nominated game, and attaches a wagering requirement to whatever you manage to win. The headline number is the least important figure on the page. The spin value, the RTP of the eligible game, the wagering multiplier, and the maximum cashout are the four numbers that determine whether the offer is worth your email address.

Spin value, RTP and the A$2.50 question

At A$0.10 per spin, 25 spins represent A$2.50 of total stake. On a 96% RTP slot, the expected return is A$2.40. The expected loss is A$0.10. That is the cold math of the no-deposit teaser. You are not being handed A$2.50 in cash; you are being handed 25 chances to generate a win, and the average outcome is a near-breakeven experience before the wagering requirement enters the room. The variance is what makes it feel like more than that. A single multiplier can turn a A$0.10 spin into A$5, and that A$5 feels like a windfall. It is not a windfall. It is a variance event inside a capped promotional structure.

Spin values in 2026 sit mostly between A$0.10 and A$0.20. A handful of packages advertise A$0.50, but those usually come with a lower conversion cap or a steeper wagering figure. The spin value and the conversion cap tend to move in opposite directions. A 25-spin offer at A$0.20 is A$5 of staked value, which is better than 25 spins at A$0.10, but only if the wagering and cashout terms are not tightened to compensate. The advertised spin count tells you nothing about which version you are getting until you read the eligible-game and spin-value lines.

Wagering: the 40x anchor around your winnings

Most no-deposit offers route any winnings into a bonus balance with a 40x wagering requirement. That means if you win A$2.50 from your 25 spins, you need to place A$100 in eligible bets before that A$2.50 can be converted to cash. If the wagering is 30x, the target is A$75. If it is 25x, the target is A$62.50. The multiplier is the single most important term in the offer because it determines how much risk you have to take to access a win that was generated by the casino’s own free spins. The lower the multiplier, the less of your own money is required to unlock the promotional balance.

Wagering requirements also come with game-weighting rules. Pokies usually contribute 100% toward the requirement, while table games and live casino products may contribute 10% or less, or be excluded entirely. A 40x requirement on a slot is not the same as a 40x requirement on a game that only counts 20% of your stake. The bonus terms page will tell you which games count and at what rate, but that page is usually one click away from the banner that brought you in. The gap between those two pages is where most players lose the plot.

Maximum cashout: the ceiling that makes the ceiling irrelevant

The maximum cashout cap is the term that turns a big win into a modest one. Many no-deposit offers cap withdrawals at A$100 or less, regardless of the balance shown in your account. Some cap at A$50. A few are even tighter. If you beat the odds and turn 25 spins into A$300, the cap decides how much of that A$300 you can actually withdraw. The rest is voided under the bonus terms, usually in a clause buried in section six or seven. The cap is not a suggestion. It is a contractual ceiling.

The combination of 40x wagering and a A$100 cap creates a strange arithmetic. You might need to wager A$100 or more to unlock a balance that is then capped at A$100. The effort and risk required to reach the cap can exceed the value of the cap itself. That does not make the offer worthless, but it does make it a promotional product with a defined upper bound. Treat the cap as the real prize, not the balance on the screen. The balance is a number the casino controls; the cap is the number the terms control.

Comparison Table: 25-Spin Offers Side by Side

Sign-Up Bonuses, Promo Codes and the Registration Maze

The sign-up flow for a no-deposit bonus is designed to be short enough that you do not abandon it and long enough that the casino captures your data. Email, password, currency, country, sometimes a phone number. Then the bonus either appears automatically or requires a code in a promotional field. BitStarz skips the code. 7Bit, MIRAX, and KatsuBet do not. The code is not a security feature; it is a tracking mechanism and a small friction point that gives the operator a reason to deny a claim if the field was missed. “You did not enter the code” is a common support response when a bonus does not appear.

Promo codes in this market are usually short, forgettable strings: ACEBONUS, CASH, MX40, 25MISS, BTCWIN. They change with campaigns and they are not universal across brands. A code that works for a 50-spin offer may not work for a 25-spin offer on the same site. The code is also not a discount; it is an activation key. It does not improve the wagering, lower the cashout cap, or change the eligible game. It simply tells the system which promotional bucket to drop you into. The terms of that bucket are what matter.

Registration also triggers the verification process, even if you never deposit. Most operators allow you to claim the spins and play them before KYC, but the moment you request a withdrawal, the document requests begin: photo ID, proof of address, sometimes proof of the payment method. The verification window is often 14 to 30 days. Miss it and the balance can be voided. A no-deposit win is the most scrutinised kind of withdrawal in the industry because the operator has no deposit history to anchor the account. The free spins are free; the verification is not optional.

Pokies, Slots and Pragmatic Play: What 25 Spins Can Actually Touch

The eligible-game line is the most overlooked part of the no-deposit offer. A 25-spin bonus is almost never usable across the entire casino. It is tied to a specific pokie, and that pokie may be a low-volatility title designed to produce frequent small wins, or a high-volatility title designed to produce long dry spells and occasional multipliers. The game choice is not random. Operators select titles that fit the promotional economics of the offer. A Pragmatic Play slot with a 96% RTP and medium volatility is a common choice because the math is predictable and the brand recognition is high.

Pragmatic Play titles such as Gates of Olympus, Sweet Bonanza, and Big Bass Bonanza appear frequently in Australian-facing promotions, but the no-deposit spins are often attached to less famous games with similar mechanics. The reason is simple: the operator wants to control the expected cost of the promotion. A famous title with a large multiplier potential can produce a headline win that exceeds the cashout cap, which creates a customer-support problem. A less famous title with a tighter payout distribution keeps the promotional cost inside the budget. The game name on the bonus page is a clue to the operator’s risk model.

If the eligible game is a high-volatility slot, 25 spins can vanish without a single meaningful win. If it is a low-volatility slot, the wins will be small but more frequent. Neither outcome is “better” in absolute terms; they are different variance profiles attached to the same expected value. The only way to know which profile you are getting is to read the game name and look up its volatility and RTP before you claim the bonus. That is two minutes of research that most players skip.

Mobile Casinos and Apps: 25 Spins in Your Pocket

The mobile no-deposit experience is structurally identical to the desktop experience, with one important difference: the registration flow is shorter and the verification prompts are easier to dismiss. That convenience cuts both ways. It is easier to claim a bonus on a phone, and it is easier to claim a bonus you did not read. The mobile casino app or mobile-web interface will show you the spin counter and the eligible game, but it will rarely surface the wagering multiplier or the cashout cap on the same screen. Those terms live in the bonus terms page, which is usually a footer link, not a pop-up.

Most Australian-facing offshore brands do not have a native app in the Apple App Store or Google Play Store. The “casino app 25 free spins” search query often lands on a mobile-web wrapper or a downloadable APK for Android. The APK route carries its own risk: sideloaded software is not vetted by the platform store, and the permissions requested by a gambling APK can be broad. The safer mobile route is the browser. A mobile-optimised site delivers the same games, the same bonus, and the same terms without the installation risk.

The mobile experience also affects withdrawal behaviour. Smaller screens make it easier to tap “withdraw” without re-reading the cashout cap, and the verification upload flow is more awkward on a phone. If you are claiming a mobile no-deposit bonus, take the extra step of opening the bonus terms in a separate tab and reading the cap before you spin. The phone is designed for speed; the terms are designed for friction. Do not let the interface decide which one wins.

Bitcoin and Crypto Casinos: 25 Free Spins Without a Bank

The crypto casino segment has its own version of the 25-spin offer, and the terms are often slightly different from the fiat version. Ignition Casino’s 25-spin Bitcoin offer, for example, has appeared with a 25x wagering requirement and a A$20 minimum withdrawal, which is softer than the 40x standard on many card-based brands. BitStarz and 7Bit both accept crypto and run no-deposit spin offers, though the bonus itself is usually denominated in fiat-equivalent value rather than satoshis. The crypto rails change the withdrawal experience, not the bonus arithmetic.

The advantage of crypto is speed and banking independence. Card processors and major Australian banks have been filtering offshore gambling transactions since 2020, which means a fiat withdrawal can leave the casino in 24 hours and still stall at the banking layer for five to ten business days. Crypto withdrawals bypass that filter. The disadvantage is that crypto introduces its own volatility and irreversible transaction risk. A withdrawal that clears in ten minutes is only useful if the wallet address is correct. There is no chargeback on a Bitcoin transaction.

The no-deposit bonus in a crypto casino is still a promotional coupon. The fact that the casino accepts Bitcoin does not change the wagering requirement, the cashout cap, or the licence. A Curacao-licensed crypto casino is still a Curacao-licensed casino. The crypto rail is a payment feature, not a regulatory upgrade. Treat it as a convenience, not a safety net.

No Wagering Free Spins: The Unicorn Hunt

“25 free spins no wagering” is the phrase every bonus hunter wants to find and almost nobody does. A genuine no-wagering offer means the winnings from the free spins are withdrawable without a playthrough requirement. Those offers exist in some regulated markets, but they are rare in the Australian-facing offshore segment. The standard product is a 40x wagering requirement, sometimes 35x, occasionally 30x. When a brand advertises “no wagering,” read the terms carefully. The phrase is sometimes used to describe a bonus with a low wagering multiplier, not a zero multiplier, or it applies only to a specific game mode that is not available to Australian players.

The economics explain the scarcity. A no-deposit bonus with no wagering is a direct transfer of expected value from the casino to the player, and the casino has no deposit to recoup the cost from. The acquisition model relies on converting a percentage of claimants into depositors, and the wagering requirement is the mechanism that keeps the promotional cost inside the budget. A true no-wagering offer is usually a small, capped, highly restricted promotion designed for a specific regulatory market, not a mass-market Australian acquisition tool.

If you do find a no-wagering offer, check the maximum cashout. A no-wagering bonus with a A$20 cap is not necessarily better than a 40x bonus with a A$100 cap. The cap determines the real value of the promotion, and the wagering determines the effort required to reach it. The best combination is a low wagering multiplier and a reasonable cap; the worst is a high wagering multiplier and a low cap. A no-wagering offer with a tiny cap sits somewhere in the middle.

Payments and Withdrawals: Where “Real Money” Gets Stuck

The withdrawal experience for an Australian player at an offshore casino is shaped by three factors: the payment method, the verification status, and the cashout cap. Crypto withdrawals tend to be the fastest because they bypass the card-network filters. Neosurf, POLi-adjacent rails, and a shrinking list of e-wallets are the practical fiat alternatives. Major Australian banks have been filtering gambling merchant codes for years, and a withdrawal that the casino processes promptly can still sit in a banking queue for a week. Neither the casino nor the bank will take responsibility for that gap.

Verification is the second bottleneck. A no-deposit withdrawal is scrutinised more heavily than a deposit-based withdrawal because the operator has no payment history to match against the account. Standard requests include a passport or driver’s licence, a utility bill under 90 days old, and proof of the payment method. If the documents do not match the account name, the withdrawal can be frozen. If the documents are not supplied within the stated window, the balance can be voided. The free spins did not require a deposit, but the cashout requires an identity.

The cashout cap is the third bottleneck. A A$100 cap on a no-deposit offer means that even a A$500 win converts to A$100 at the withdrawal stage. The remaining A$400 is removed under the bonus terms. This is not a hidden fee; it is a disclosed cap, usually in the terms page. The problem is that the cap is rarely shown on the same page as the spin count. The player sees “25 free spins” and “win real money,” and the cap lives three clicks away. The practical advice is simple: find the cap before you claim the bonus, and treat it as the maximum value of the offer.

New Casinos vs. Established Brands: Same Math, Different Risk

New casinos in 2026 launch with no-deposit spin offers because the acquisition playbook has not changed. A new brand needs email addresses, and a 25-spin or 50-spin teaser is a cheap way to get them. The math of the bonus is usually identical to the established brands: A$0.10–A$0.20 per spin, 40x wagering, A$100 cap, Curacao licence. What differs is the complaint history, the payment reliability, and the lifespan of the brand. An established operator has a track record; a new operator has a landing page and a promise.

The risk with a new casino is not that the bonus is fake. The bonus is real in the sense that the spins will be credited and the reels will spin. The risk is that the withdrawal process is untested, the support team is thin, and the domain may not survive the next ACMA blocking round. The ACMA has blocked more than 1,800 domains, and new brands are frequent targets because they lack the legal resources to challenge a blocking order. A brand that works today may be a mirror URL next month. That does not make it a scam, but it does make it a counterparty risk.

The sensible approach is to treat a new casino’s no-deposit offer as a trial, not a relationship. Claim the spins, test the withdrawal with a small amount if you win, and see how the verification process behaves. If the process is smooth, the brand has earned a second look. If the process is evasive, the A$100 cap is not worth the friction. The age of the brand is not a guarantee of quality, but it is a data point. A brand that has been around for five years has survived five years of regulatory pressure and player complaints. A brand that launched last month has not.

How We Ranked These Offers (Methodology)

The ranking behind this guide is based on four weighted criteria: the readability and completeness of the published bonus terms, the wagering multiplier, the maximum cashout, and the operator’s licensing and complaint history. Spin count is deliberately downweighted because it is the easiest variable to inflate and the least predictive of real value. A 50-spin offer at 40x with a A$100 cap is not automatically better than a 25-spin offer at 35x with a A$150 cap; the terms decide the value, not the headline.

We also factor in the payment experience. An operator that publishes fast withdrawal times and supports crypto rails gets a higher score than an operator with the same bonus terms but a history of payment complaints. The licence is another factor, but it is a binary one in this market: no operator offering casino services to Australian residents holds an Australian licence. The relevant question is not “is it Australian-licensed?” but “which offshore licence does it hold, and does the operator publish the licence number?” A Curacao licence with a visible number is better than an anonymous licence claim with no jurisdiction named.

Finally, we exclude offers that hide the wagering requirement, omit the cashout cap, or use terms that are impossible to locate before registration. Those are not ranking failures; they are transparency failures. A casino that will not show you the terms before you sign up is telling you something about how it will behave when you try to withdraw. The absence of information is information.

Responsible Gambling: The Only “Free” Thing That Matters

The most important term in any no-deposit offer is not the wagering multiplier or the cashout cap. It is the fact that the free spins are a gambling product, and gambling carries risk. The expected value of a 25-spin offer is slightly negative, and the variance can make a small win feel like a skill outcome. It is not. The reels are random, the house edge is built in, and the promotional structure is designed to convert a free trial into a deposit relationship. None of that makes the offer evil, but it does make it something to approach with a clear head.

Set a limit before you claim the bonus. The limit should cover both the time you spend on the promotion and the money you are willing to deposit if the free spins run out. The no-deposit offer is a low-stakes entry point, but the deposit-based welcome package that follows is where the real spending happens. The bonus terms are designed to make the transition feel natural. The free spins end, the balance is capped, and the next screen offers a deposit match. That is the funnel. You are allowed to walk away at any point.

If gambling stops being entertainment, stop. Australian support services include Gambling Help Online and the National Gambling Helpline. The fact that the casino is offshore does not change the local support options. The no-deposit bonus is not a reason to chase losses, and the cashout cap is not a challenge to overcome. It is a boundary. Treat it as one.

What does “no deposit” actually mean in a 25 free spins offer?

It means you do not need to fund your account to receive the spins. It does not mean the winnings are unrestricted. Most offers route any win into a bonus balance with a wagering requirement and a maximum cashout. The spins are free to claim; the withdrawal is conditional.

Are there any Australian-licensed casinos offering 25 free spins no deposit?

No. The Interactive Gambling Act 2001 prohibits online casino services to Australian customers, and no Australian licence exists for online casino play. Every operator offering these bonuses to Australian residents holds an offshore licence, usually Curacao, Anjouan, or Kahnawake.

What is a realistic maximum cashout on a 25-spin no-deposit bonus?

Most offers cap the cashout at A$100 or less, regardless of the balance shown. Some cap at A$50. A smaller number of offers do not publish the cap prominently, which is a transparency warning. Treat the cap as the real value of the promotion.

Can I withdraw from a no-deposit bonus without verifying my identity?

No. A no-deposit withdrawal is one of the most scrutinised transactions in the offshore casino segment. Operators routinely request photo ID, proof of address, and proof of the payment method before releasing funds. Missing the verification window can result in the balance being voided.

Do crypto casinos offer better 25 free spins terms?

Sometimes. Ignition Casino has advertised a 25-spin Bitcoin offer at 25x wagering, which is lower than the 40x standard. But the licence and the cashout cap still determine the real value. Crypto improves the withdrawal rail, not the bonus arithmetic.

Why do 25 free spins usually come with a 40x wagering requirement?

The wagering requirement is the mechanism that keeps the promotional cost inside the operator’s acquisition budget. Without it, a no-deposit bonus would be a direct transfer of expected value to the player. The 40x multiplier is an industry norm, not a regulatory rule.

Is a 50-spin offer better than a 25-spin offer?

Not automatically. A 50-spin offer at A$0.10 per spin is A$5 of staked value; a 25-spin offer at A$0.20 is also A$5. The wagering multiplier and the cashout cap are the terms that decide which offer is actually worth claiming. Spin count is the marketing variable, not the value variable.

What happens if I win more than the maximum cashout?

The excess is voided under the bonus terms. If the cap is A$100 and you win A$300, you can withdraw A$100 and the remaining A$200 is removed. The cap is a contractual ceiling, not a suggestion. It is usually disclosed in the bonus terms page, though rarely on the promotional banner.