Savings website RetailMeNot says it will give customers 20 percent savings for shopping at several major retailers on Thursday.

The site's first-ever "Cash Back Day" hopes to give holiday shoppers a head-start on buying their gifts and saving money.

On Nov. 7, customers can log in or create a free account with the website and activate a cash-back offer at more than a dozen retailers.

Customers can then redeem your total rewards for cash through Venmo, Paypal or a bonus-value gift card for the retailer.

"Helping people save money has always been our goal and with the creation of Cash Back Day, we're doubling down on that mission by offering twice as much savings to shoppers just in time for the holidays," said Sara Skirboll a Shopping & Trends Expert for RetailMeNot. "With Cash Back Day, shoppers can save money early and then get their payout right before Christmas for any last-minute and post-holiday needs."

Retailers participating in Cash Back Day include:

• Amazon
• Macy's
• adidas
• Asos
• Home Depot
• Hilton
• Snapfish
• Tarte
• Academy
• Overstock
• CVS Photo
• Land's End
• Kendra Scott
• Stubhub
• Talbots
• Kay Jewelers
• Finish Line

For more retailers and information about Cash Back Day, click here.