What is Cashback?
Cashback apps UK is a great way to save money, and it’s becoming more popular with online shopping. When you shop through an online retailer that offers cashback incentives, you’ll receive money back from them for every purchase you make. This is done to encourage people to shop with certain retailers because they offer cashback incentives.
Cashback can come in the form of a percentage off your purchase, or it could be given as a flat rate per purchase. This is a marketing tactic that encourages you to spend money with a particular retailer and we can use these offers to our advantage!
Cashback can be obtained in a few different ways. Typically, when cashback is offered through a website, app or debit/credit card, the retailer has a relationship with the provider and pays them a fee to encourage people to spend money with them. The provider then pays you part of that fee as an incentive.
How do they know when you purchase through their link? Cookies! Remember those banners on every website that you have to click away? Those are informing you that the website uses cookies to track your online behavior. It’s why Google Ads seem to be for things you actually want and aren’t completely random. It knows your search history.
Sometimes, retailers will have their own cashback service in place where your rewards are available either within their own system or via a cashback partner they have specifically chosen. Some of these services may be free but others may cost you money.
How Much Money Can I Make from Cashback Apps UK
The amount of money you can earn from cashback apps varies depending on how often you shop, where you shop, and the deals available through those apps at any given time.
Frequent shoppers can earn hundreds of pounds per year. For example, if a cashback app offers a 5% cashback rate and you spend £200 per month through the app, that’s £120 back in your pocket over a year.
Remember, small amounts of money saved over time really add up. The real value of cashback apps lies in their ability to help you save long term.
TopCashback
TopCashback is a cashback website that allows you to save money when you shop online by collecting cashback from over 4,000 retailers. You can get cashback on all of your purchases, regardless of the payment method — Topcashback partners with retailers such as Amazon, eBay, ASOS, John Lewis, Expedia, Booking.com, B&Q, Debenhams, John Lewis, and Simply Be. Once you’ve shopped at one or more retailers, Topcashback will credit your account with cashback, which you can then withdraw via bank transfer, PayPal, gift voucher or donate to charity!
Quidco
Quidco is similar to TopCashback in that there is a free membership tier and a premium club that grants extra benefits. Both apps are easy to use. It’s always worth checking if Quidco and TopCashback have different cashback rates, as you could earn more by using the right site.
You can get cashback at Superdrug, Booking.com, Dunelm, Samsung, Virgin Media and Marks & Spencer. There’s also money off when you shop at ASOS and other retailers.
JamDoughnut
JamDoughnut gives you money off your shopping at select stores. To do so, you have to buy a gift card for that store through the JamDoughnut app first. Then your account will be credited with the cashback. For example, if you’re about to spend £50 at Aldi, you’d buy a gift card from JamDoughnut for £50 at Aldi, then use it to pay for your shopping. You’ll receive cashback from JamDoughnut once you’ve purchased the giftcard.
Here are some of the retailers where you can get cashback: Costa, Just Eat, Currys / PC World, B&Q, Airbnb and more!
Swagbucks
Although Swagbucks is not a cashback site exclusively, it does offer that option among other ways to earn extra money online, such as completing surveys, watching videos, searching the web and playing games.
Swagbucks gives you the chance to earn points that you can redeem for gift cards and cash. You can start earning these points immediately after joining the site for free simply by going about your everyday online activities.
If you shop online, you can earn points by visiting the site’s shopping portal and perusing its 1,500 offers. Each retailer listing also states how many SB points you need to earn in order to get a certain amount of cashback rebate.
Cheddar
Cheddar links up with your bank account and pays you cashback on any purchases you make at one of their chosen retailers – no need to click on any links. Cashback rates range from 1-10% and you can earn money from some pretty unique stores like Tesco and Sainsbury’s.
Cheddar claims to be an instant cashback provider. You can always expect some waiting periods when claiming cash back, but Cheddar’s true aim is to cut out the middleman and let you claim cash back from your shopping and withdraw it directly to linked bank accounts and cards. What’s more, you’ll earn real money through Cheddar–not points.
Cheddar is also expanding its retail and brand offerings, so this is one app I think you should keep an eye on.
Airtime Rewards
Airtime Rewards offers a unique way to reward yourself—you can get cashback towards your phone bill! I’ve saved a lot of money over the years because of this feature. They partner with a wide variety of retailers and service providers, which increases your chances of earning rewards.
As far as cashback sites go, Airtime Rewards is one of the easiest to use. You can connect your debit card to make regular shopping purchases and receive cashback on your purchases.
The retailers listed on the app change, but you can often find the likes of Boots, Morrisons, Primark and Matalan listed there. And the great thing is that you can get cashback whether you shop online or in-store.
KidStart
Like TopCashback and Quidco, KidStart rewards you for shopping. But it’s a little different: Any money you earn will be paid into a child’s savings account. This doesn’t have to be your child but could be a friend or family member. Although cashback rates aren’t quite so reasonable, there are different retailers available and this is an excellent way to help your kids build for their future.
KidStart is a cashback website that enables you to build a nest egg for your child’s future simply by shopping in over 2,300 retailers like Amazon, where 90% of UK shoppers have been buying from. KidStart is a great way to help your kids start saving for the future. You can open an account in their names and shop as you normally would, and watch your savings grow. You can even invest your cashback through KidSave, the platform’s investment option.
Creating a KidStart account is free, whether you are expecting a child or saving for someone else’s child. Your savings do not expire, and they will be transferred to your bank account at the beginning of each month if the saved balance is at least £10.
Shopmium
This app has a map of stores near you and their offers. To claim a deal, you need to scan the product barcode, take a photo of your receipt, and then the money is added to your account. The minimum withdrawal amount is £5, which can be paid into your bank or PayPal account.
Once you sign up and download the Shopmium app, make a shopping list and start browsing through the platform’s supermarket catalogue to find the products you need. After shopping, submit your receipts to get cashback on your purchases.
If you’re a new user, you’ll get a free welcome gift. If you invite a friend to join, your cashback balance will increase by an additional £3. Once you’ve earned at least £10, you can request a cashout which will be processed within 48 hours.
GreenJinn
Unlike the other apps, GreenJinn is slightly limited. It only covers Tesco, Sainsbury’s and Waitrose at present. More supermarkets will be added in future updates. The app allows you to exclude vouchers that aren’t of interest to you, making it easier for you to find relevant offers. Like Shopmium, it’s a case of taking a photo of your receipt and submitting it. Once you’ve earned £1.50, you can withdraw your earnings to PayPal or your bank account.
Tips to Maximise Rewards from Cashback Apps UK
Cashback apps are most effective when you use them to purchase items you were already planning to buy. This way, you’ll actually save money rather than spending more money just for the sake of cashback.
You can collect cashback from multiple apps while you shop. For example, you might get money back from Upside and Airtime Rewards when you use the Boots app. Before you go shopping, take a quick look to see what offers are available to you.
Check the apps often. New deals are added all the time, so keeping an eye on it can help you catch the best ones.
Refer friends and earn more. Most apps offer a bonus when a friend signs up using your referral link and makes a qualifying purchase.
Some apps offer the option of receiving your payout in gift cards, with extra bonuses. If these are stores where you shop regularly, this could be a beneficial option.
Are Cashback Apps UK Worth It?
Yes, cashback apps are absolutely worth it. But how useful they are depends on your shopping habits. If you shop online regularly, these apps can save you a lot of money. For infrequent shoppers, cashback apps make for an excellent experience as long as you don’t spend money unnecessarily just to get the rewards.
Are Cashback Apps UK Safe?
Cashback apps are generally safe to use, but you should still exercise caution when downloading them from sources other than the App Store or Google Play Store. The apps mentioned in this guide are well-established and have solid reputations for safety and reliability.
0 Comments