How To Get Cashback Every Time You Buy Online
Cashback websites are have only appeared in the last couple of years, but have already paid millions of pounds out to shoppers. Many of the large number of newer sites are to be avoided, but the older established sites are really good and I use them all the time. They are very easy to use and put money back in your wallet for zero no effort.
So How Does It Work?
Very simply. First you join a cashback site (they are all free to join, and you can find reviews of the best cashback sites here). Then when you want to shop online, you make sure that you go to the cashback site first. You click the link for the shop you want there. That’s it. You still buy from the same place.
Where Does The Money Come From?
This is the good bit as everybody involved wins. The cashback shopping site gets paid a commission by the online shop. They then split that commission with you, normally giving you half of it. The shop gets a sale, the cashback shopping site gets commission, and you get cashback. And all for a DVD or book you were going to buy anyway.
The key though is to always remember to use the cashback site to get to the shop you want .
Getting The Best Cashback
To make the best cashback ensure you put all of your regular buying through the cashback site – so if you buy groceries online check if the cashback site lists your food shop. If you buy CD’s, DVD’s and books, use the tools at your cashback site to find the cheapest prices AND the best cashback rate. Plan ahead and buy all your birthday and Christmas gifts online. And in particular get online quotes for all the insurance policies you have (car, home, travel, health, pet etc) as these tend to give you very big cashback amounts on top of what could also be much lower premiums than you pay now.
I’d suggest you join 2 or 3 sites, to find out which one you like using the best. After all, it won’t cost you anything.
Top Tip For Extra Cashback
If you haven’t got one yet, get a cashback credit card too. You can find up to date reviews of the best cashback credit cards here. It can pay you back thousands, and all you have to do is fill in the application form.
You will normally find cashback rates are 0.5% to 1% (although you can get a stunning 5% at the moment with the american express cashback card). So if you spend £100 on anything, and your card pays 1% cashback, you get £1 back. Not a fortune, but over the year it builds significantly. Especially when you ensure you buy things on your credit card that you would otherwise pay for with cash or debit card.
Should I Get a Cashback Card?
Only if you pay off your balance every month. If you carry over debt from month to month the interest charged will more than negate the cashback you earn. But if you do pay off your balance then 0% balance transfer offers and the like are useless to you, so grab a cashback card instead.
