If you do a lot of shopping online, there are a number of cashback sites that will give you a percentage of your costs back to you as a reward.
All you have to do is register and click through to your retailer, such as Mothercare or Sainsbury’s, via the cashback website. You can get cash back on almost anything, including holidays, insurance, broadband and so on.
The cash back website will track where you have come from and will reward you when you buy something.
Most cashback sites feature hundreds of retailers, so in most cases, you will claw back some money.
Cashback can vary from as little as 1% to as high as 15%.
Cashback does not cost you anything. Cashback sites get paid a commission by companies when a sale is made via their website, but instead of keeping this commission, they give it to the customer, which would be you.
In return, cashback sites makes money by charging companies for advertising space.
Cashback sites are a great way to save money on everyday spending – if you’re buying something anyway, then it’s always worth doing via cashback – but always use reputable sites – we’ve listed the ones we have tried and tested (and like) below:
MMM’s list of top cashback sites:
*Note: Quidco recently announced that it will retain the first £10 of your cashback earnings.
Cashback apps – use your smartphone to get more
A large number of providers have now launched apps that will give you on-the-spot discounts or allow you to get money off your grocery shopping.
Topcashback’s app has various voucher codes as well as a ‘snap and save’ option, where you snap a copy of your receipt if you buy any of the listed items and earn some money back. Deals change weekly, so keep checking.
Quidco’s app allows you to check-in into stores and give you money just for checking in – if you spend a lot of time in shopping malls, then this one is certainly for you!
New player on the market, Shopitize, also give you cashback on your everyday grocery shopping and is also worth a download from the app store. Note: MMM has had feedback that the receipt upload can be difficult and doesn’t always work!
What you should know:
- The cashback is not guaranteed – you may find there are occasions when your cashback rewards may not come through as your purchase may not have been tracked correctly.
- If this happens, don’t be afraid to chase it by contacting the website. Some will honour the cashback.
- If the cashback site goes bust, then there is no protection for your reward money.
- Make sure you take out your reward money quickly to avoid losing it. The quicker it is in your bank account, the safer it is, plus you can start earning interest on it.
- Cashback does not always mean you are getting the best deal. Shop around as you may be able to get your product cheaper elsewhere, even if you take the cashback amount into consideration.
- Avoid cashback sites that ask you to pay to be a member. The majority of them are free.
- Clear your cookies – cashback sites track your site visits by placing cookies onto your computer. Cookies are codes that help identify you and most sites use them. Clearing your cookies will make sure your purchase is tracked correctly and help ensure you get your reward.