Kerching and Win ?

bubblebobble23

Hi what does everyone think about https://www.kerchingandwin.co.uk ?

Worth doing? Spamy? Intrusive? or Good chance to win?

I'm on the fence :money:

mjm3346

The site has been posted on here somewhere - Basically it's like several others where instead of earning cashback on purchases you gamble with the cashback that site might pay instead - I don't know if the underlying rate is better, the same or worse than a cashback site would pay.

Douglala20

I’ve used it. Got my credits quickly and entered the competitions. Haven’t ended yet but I already know someone who’s won something. Definitely worth it in my mind especially over Christmas or if you were planning on buying something already when it’s so easy to go through it

mjm3346

Douglala20 wrote: »

I’ve used it. Got my credits quickly and entered the competitions. Haven’t ended yet but I already know someone who’s won something. Definitely worth it in my mind especially over Christmas or if you were planning on buying something already when it’s so easy to go through it

You need to know the underlying cashback rates and if they are less than the main cashback sites pay then it's not worth it as on average you would be worse off compared to taking the cashback - This site doesn't involve winning either the full value of an order or cash prizes and I doubt the rates they pay compare well to the cashback and offers on the main cashback sites.

They try to lead you in to thinking it is "free" instead of saying you are giving up your cashback to take part - I notice one retailer pays 1 entry (presumably per £), I spent £33 at the same retailer and with an offer got £10.75 cashback, I wouldn't want to trade that money for the chance to win a prize.

ikkle87

mjm3346 wrote: »

You need to know the underlying cashback rates and if they are less than the main cashback sites pay then it's not worth it as on average you would be worse off compared to taking the cashback - This site doesn't involve winning either the full value of an order or cash prizes and I doubt the rates they pay compare well to the cashback and offers on the main cashback sites.

They try to lead you in to thinking it is "free" instead of saying you are giving up your cashback to take part - I notice one retailer pays 1 entry (presumably per £), I spent £33 at the same retailer and with an offer got £10.75 cashback, I wouldn't want to trade that money for the chance to win a prize.

It’s per transaction. So in your case you could spend £33 and get £10.75 cash back or spend £33 and get 1 entry credit of which you need 5+ to enter a competition.

Minimum transaction is £4.99 so it’s worth a punt on low value purchases eg £5 on eBay where the cashback you’d get would be minimal but otherwise I don’t think it’s worth it

mjm3346

ikkle87 wrote: »

It’s per transaction. So in your case you could spend £33 and get £10.75 cash back or spend £33 and get 1 entry credit of which you need 5+ to enter a competition.

Minimum transaction is £4.99 so it’s worth a punt on low value purchases eg £5 on eBay where the cashback you’d get would be minimal but otherwise I don’t think it’s worth it

Worse than I thought then - so if people want to gamble with their cashback on larger amounts the other site that offers a chance to win the order value back would be better value.

I use either of the 2 main cashback sites or one of the charity giving ones where the cashback goes to a charity of my choosing.

xoxlauraxox

I think I would rather use boom25 where you can win your purchase value back (1 in 25 wins) although I don't use that a lot either, have won on there a couple of times though.

JRjunior

I have had a look at this site and think there is definitely times you would be better using this than Cash back sites.
It seems on average you get 2 credits per a transaction but for some retailers they give 5 credits.
I personally would rather be in with a chance of winning any of them prizes than getting a small amount of Cashback. (If the Cashback deal was good enough then that is a different matter but a lot of the cashback deals now are rubbish)

I also like that it tells you how many people have entered, this gives you a good idea of your chances of winning.

mjm3346

Cannot see it myself, I'd take the cashback every time and spend it exactly how I choose including gambling if I wanted to but where I would know exactly how much I was staking, what the odds were and then only for cash prizes.

mjm3346

littleowlsbabygifts wrote: »

I have used the site and i like it, everyone will have their own thoughts and preferences.
I have used this site a few times now but have never used a Cashback site, Majority of the time the cashback you get is rubbish.

Effectively nearly everyone who uses the site is throwing money away, if you are happy to do so that's up to you.

If they were offering anything like a decent return they would show the cashback each transaction earned and give the option to take it as cashback or gamble if that's what someone wanted to do.

With the main cashback sites you can earn 10% or more cashback on numerous retailers and I'd rather have £10 in my pocket for spending £100 than just have some prize draw entries.

Check out the MSE article on Cashback here

https://www.moneysavingexpert.com/shopping/cashback-websites/

mjm3346

littleowlsbabygifts wrote: »

With Cashback sites unless you are signing up to some sort of contract or going on Holiday the cashback is very little, when you look through the list of retailers and the % of most of your everyday shops have a very poor return (Unless on some sort of offer)

If you spend £10 at only 1% cashback that's 10p, do that 10 times there's a £1 - many sites pay more than 1% and most transactions are for more than £10 so in very little time you could easily have earned £5 or £10 to spend as you wish.

If you earned £1, £5, or £10 real cashback with the actual cashback sites then this site might only be paying the equivalent of 10p, 50p or £1 which is a far worse return than the cashback sites.

Yes you have a chance to win something but a far bigger chance to get nothing - which is where the true rate of cashback comes into play - If the main sites offered something similar they might have 10 times as many winners for the same transaction value.

(Both cashback sites also offer the chance to redeem for various vouchers instead of cash and many of those offer a 5% or more bonus on the payouts).

A money saver would rather have £1 than swap it for 10p worth of tickets (not a money saver otherwise)

(I don't expect the difference to be that extreme but if their true cashback rate was competitive they would offer it as cashback with a chance to claim it or use on the prize draws)