Cashback is an easy way to make money without doing anything. If you are already planning on buying something, before you purchase it online – check to see if you can get any cashback. Cashback sites work by utilising affiliate networks. The brand or website you are buying from will pay a percentage to the cashback site. Its the same as if you clock on a banner on a website and then purchase something – its likely that the website owner will receive a small commission without it costing you a penny.
However cashback sites do this but on steroids! You can look on somewhere like Quidco (referral link) and you will find that they have categorised everything. So, if you are looking for car insurance, they have sectioned all the insurance providers you could think of in one area. You can even use a compare site via Quidco. When you have clicked through to the website you want, and you make your purchase, the website will send the commission through to Quidco. This could take quite a long time, its sometimes a waiting game. Quidco then transfer you the money – either into your bank, or you can even get more by choosing vouchers. There are loads of different brand to choose your vouchers from – ASOS for example will give you 8% more than your cash would! Great deal!
Quidco does charge £5 per year – however this is only taken from your credited account. So if you don’t use Quidco and therefore don’t get any commission back from brands, they won’t take the money and it won’t cost you anything.
Some top tips for cashback sites are to look at gambling sites. IF you feel able to register for a gambling account, use only the free bets and the minimum bet requirement (usually less than £20), then you will often get up to £100 cashback. This is only for new accounts, with the same email as your Quidco. I wouldn’t advise you do this if you know that you can’t afford the minimum bet, or if you have any sort of issues with gambling.
Don’t take it as a certainty – only buy things through cashback sites that you would have bought anyway. Sometimes there is a glitch in the matrix which means the brand refuses your commission – frustrating but if you were buying it anyway, it doesn’t really matter.
Some bank accounts also offer cashback, look at this Starling review here for more.
Happy shopping! For more money tips click here.