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Utility Warehouse (Telecom Plus) Discussion
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Key Statement: So, at the moment, based on what I was doing pre-UWDC, I am better off every month because less money goes out of my bank account.
Perfect example of the uw spin.
You are conveniently forgetting that your "bank account" never sees the benefit of your risky card "cashback".
You tell us you pay £370 more than you need for your energy buying it from uw.
But it doesn't matter because your bank account shows you actually paying out less thanks to the uw getting part of your bill paid direct!
The outcome of all this is you are still down the £370 you are paying via your card cashback!
Why not be a money saver, ditch uw energy, pay £370 less for your energy PLUS get £370 (or more) into your bank account from your shopping discount/cashback?
Or too "simple" for you?0 -
Thank you Twitters, for pointing this out.
You cynically thank Twitters for siding with you, even though as a uw rep you are well aware he has got the "wrong end of the stick"!TwittersPVFC wrote: »If you don't have the energy you don't get the cashback so if Meeper switched he would lose £370 a month in cashback......
You would do more to help readers in this thread had you corrected him.
As you well know, you don't get the £370 cashback because you spend (overspend!) on your energy.
In fact you get the cashback based on what you spend on the risky card irrespective of whether or not you buy your energy from the uw!0 -
Perfect example of the uw spin.You are conveniently forgetting that your "bank account" never sees the benefit of your risky card "cashback".You tell us you pay £370 more than you need for your energy buying it from uw.
But it doesn't matter because your bank account shows you actually paying out less thanks to the uw getting part of your bill paid direct!The outcome of all this is you are still down the £370 you are paying via your card cashback!Why not be a money saver, ditch uw energy, pay £370 less for your energy PLUS get £370 (or more) into your bank account from your shopping discount/cashback?Or too "simple" for you?
Simple.
Meeper
--UW DistributorI am an Independent Financial AdviserYou should note that this site doesn't check my status as an Independent Financial Adviser, so you need to take my word for it. This signature is here as I follow MSE's Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Let's consider this - please feel free to answer (ha!) - If I was previously paying £500 per year for a service which now costs me £600 per year, however I get £200 of that paid for by someone else and I do NOTHING outside of my normal lifestyle and shopping patterns, am I paying £600 per year, or am I paying £400 per year? If I'm paying £600 per year in your eyes, please justify. If I am paying £400 per year in your eyes, then surely I'm saving money based on my previous spend of £500 per year?
You could get your service for £500, but decide to be a busy fool and pay £600 for it to uw and let uw have your £200 cashback.
Now you only paying net £400 out of your account.
But you could be just paying a net £300 were you to continue with your old supplier and have the cashback paid into your bank account!0 -
Now you only paying net £400 out of your account.But you could be just paying a net £300 were you to continue with your old supplier and have the cashback paid into your bank account!I am an Independent Financial AdviserYou should note that this site doesn't check my status as an Independent Financial Adviser, so you need to take my word for it. This signature is here as I follow MSE's Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Yeay! So I am paying less than I was before, thus saving money? Would you agree that I am saving money in the example given? It's a hypothetical, of course, but if that event occurred, would I be saving money?
Course you aren't "paying less than you were before".
You are paying £100 more for your energy than you need to!
Your energy costs have gone up £100!0 -
You have to be kidding me.
Unbelieveable stubbornness, I've never seen anything like it in my life.I am an Independent Financial AdviserYou should note that this site doesn't check my status as an Independent Financial Adviser, so you need to take my word for it. This signature is here as I follow MSE's Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
:rotfl: Quentin, you omitted this part of Meeper's post in your 'quote':Excellent! You're almost there to winning me over - all you need to do now is point out exactly what I need to do to get this other cashback. I'm excited about this now, I might just change everything over!
Sooooooo predictable. Surely Quentin is the epitome of the 'busy fool' on account of spending so much time talking rot and AVOIDING THE PERTINENT QUESTIONS ALL THE TIME!0 -
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