Save hundreds of pounds per year on your purchases with just one click!
Save hundreds of pounds per year on your purchases with just one click! Use Cash Back Websites to Cut Your Costs
‘Kid Coupon’: Silver Blogger Jordon Cox
Millions of homes now regularly use the internet to shop – and although lockdown restrictions have eased, many are expected to continue shopping at home rather than venturing down their local main street. .
Besides convenience, a big advantage of buying products online is that you can use cash back websites to lower your purchasing costs.
These popular websites have “cash back” offers on all types of products from top brands, including Marks & Spencer, Sky, Argos, and Tesco.
Indeed, a percentage of your expenses is transferred to your online cashback account, which you can then empty into your bank account or convert into vouchers.
To get the cashback, buyers should remember to click on the cashback website first and then search for offers from the retailer they want to buy from.
Money blogger Jordon Cox, known as the UK Coupon Kid, is a big fan of cashback. He says, “One more click to the retailer of your choice can save you money. Using a cash back website every time you shop online could save you hundreds of pounds a year.
TopCashback and Quidco cashback websites claim their customers save on average £ 300 and £ 325 per year, respectively.
TopCashback and Quidco are the two biggest providers, but others include Mymoneypocket – a sister company of TopCashback – and Widilo.
TopCashback and Quidco offer deals from over 5,000 retailers and have over ten million subscribers each. They tend to offer the best deals, but not all of them. For example, TopCashback pays 8% cashback on Adidas items, rather than 6% to 6.6% from other vendors.
Quidco pays £ 210 when you take a phone contract with Tesco Mobile, but other websites don’t offer this offer.
Widilo and Quidco, meanwhile, offer 3% on all Halfords transactions, while TopCashback does not offer cashback with the bicycle retailer.
And TopCashback and Quidco are both offering 16% cash back to new customers of online clothing retailer Asos, as well as 4% to existing customers. Widilo pays new customers 3 percent and existing customers 1 percent.
There are three ways to make purchases through cashback websites.
Buyers can register on multiple websites and then compare deals each time. Alternatively, they can pick a website and agree that it won’t always get them the best deal available. Or they can take advantage of the price guarantees offered by TopCashback and Quidco. This means that if you find a better deal on another website, they will make a difference if you tell them.
Signing up for a cashback website is free, so it may seem like there is nothing wrong with using one. After all, you are effectively getting free money just for your purchases.
But Sara Williams of the Debt Camel money blog urges caution. She says: ‘It’s easy to think you’re getting a good deal, but it can cause people to spend more than they expected – just to get the biggest cashback. ”