Cashback Sites?

chocolatelover93

Heyy,
I don't know if this is the right place for this thread but I was just wondering if anyone has used cashback sites are are they good, genuine and worth doing?
Thanks
Claire x

mkooo

chocolatelover93 wrote: »

Heyy,
I don't know if this is the right place for this thread but I was just wondering if anyone has used cashback sites are are they good, genuine and worth doing?
Thanks
Claire x

They are very good, they are definitely worth doing but what you have to be wary of is not spending what you were not going to spend in the first place.

chocolatelover93

Thank you! Will have to give them a go

mkooo

chocolatelover93 wrote: »

Thank you! Will have to give them a go

Definitely check mobile, insurance and broadband etc.. you can get anywhere between £40 and £180 for some of these..

chocolatelover93

wow! that's good, will be checking them out! thanks!

System

yes, they are ESSENTIAL if you shop online.

There are 2 main ones, quidco and topcashback.

They offer the same rates most of the times for most shops and there is no great big difference between them, but quidco do take off your first £5 cashback per year as a fee. I also would not recommend quidco as they have blocked my account until I verify a purchase which is very annoying... so topcashback!

jasonwatkins

you have to look at cashback sites as more of a bonus lump sum at a later date, rather than a means of bringing down the cost of something or reducing the on-going cost of a contractual commitment.

If you buy something for £100 pounds because Quidco or TCB offer an £80 cashback deal on it, it means you'll still have to pay out £100 pounds for the item because you won't get the £80 pounds back for at least 3 to 6 months, sometimes longer if it's Quidco.

Same goes with mobile phone deals. A popular thing that many people do is add up the monthly cost of a phone contract, then take off whatever the cashback deal is and divide the remainder by 12 to give an "effective" price per month when it never works like that.

Just look at it as a way of saving up for something special or for one big purchase in a few months and you'll be fine.

chocolatelover93

berbastrike wrote: »

yes, they are ESSENTIAL if you shop online.

There are 2 main ones, quidco and topcashback.

They offer the same rates most of the times for most shops and there is no great big difference between them, but quidco do take off your first £5 cashback per year as a fee. I also would not recommend quidco as they have blocked my account until I verify a purchase which is very annoying... so topcashback!

Thank you have signed up for topcashback, will see how it goes!

chocolatelover93

jasonwatkins wrote: »

you have to look at cashback sites as more of a bonus lump sum at a later date, rather than a means of bringing down the cost of something or reducing the on-going cost of a contractual commitment.

If you buy something for £100 pounds because Quidco or TCB offer an £80 cashback deal on it, it means you'll still have to pay out £100 pounds for the item because you won't get the £80 pounds back for at least 3 to 6 months, sometimes longer if it's Quidco.

Same goes with mobile phone deals. A popular thing that many people do is add up the monthly cost of a phone contract, then take off whatever the cashback deal is and divide the remainder by 12 to give an "effective" price per month when it never works like that.

Just look at it as a way of saving up for something special or for one big purchase in a few months and you'll be fine.

Yeah, that's a good way to look at it thank you, I have signed up for them two so will see how it goes

pheonixrising21

There are most definitely worth using. I've had over £1200 from Quidco in five years, with another £113 in the process.

Though as others have said, don't fall into the trap of buying stuff just because it has cashback on it. Only use it for buying things you were going to buy anyway.

Good things to look at are mobile contracts, utilities, all insurance products, Sky/Virgin (but only if you are considering getting one of them anyway.

There are even some things that you can make a profit on. These are usually gaming/betting sites and often offer cashback which is slightly higher than the minimum deposit/bet required, and more foten than not also comes with a matched free bet (or other sign-up bonus) from the company themselves. For example, Ladbrokes Casino currently offering £60 cashback for £50 minimum play plus £25 bonus chips. So, minimum £10 profit!
Obviously, this is not for those with addictive personalities and use should be limited to the minimum requirement to gain the cashback!

Sometimes PDL's are on cashback sites, offering loans where the cashback is more than the charge for smallest loan they offer. Very tempting to make some profit but do not touch these as the loan will appear on your credit report and look bad to other lenders who you may genuinely want to approach in the future.

jasonwatkins

pheonixrising21 wrote: »

There are even some things that you can make a profit on. These are usually gaming/betting sites and often offer cashback which is slightly higher than the minimum deposit/bet required, and more foten than not also comes with a matched free bet (or other sign-up bonus) from the company themselves. For example, Ladbrokes Casino currently offering £60 cashback for £50 minimum play plus £25 bonus chips. So, minimum £10 profit!
Obviously, this is not for those with addictive personalities and use should be limited to the minimum requirement to gain the cashback!

Word of warning about that though - Quidco are absolutely awful with gambling sites. I waited over a year for just £10 pounds cashback from one site after raising multiple claims.

It does work in principle, but you'll have to wait a very, very long time to see any money at the end of it.