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Do you take cashback into account when switching?

egyptiancotton
egyptiancotton Posts: 525 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
edited 23 November 2020 at 12:49AM in Energy
Curious to know whether anyone takes cashback with annual cost into account when switching, i.e. do you take the cheapest deal (annual cost) with or without cashback? The cheapest deal for me was with Shell Energy but the annual cost had cashback taken into account, whereas another deal (coincidentally with separate energy suppliers) would have been more expensive but had no cashback and would have been the cheapest deal without cashback.
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Comments

  • Hammer_Time
    Hammer_Time Posts: 505 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    edited 23 November 2020 at 4:46AM
    Personally I alway choose without counting in cashback as you are never guaranteed you will let it, I do this with all types of cashback. However it’s nice when you do get it.

  • Gerry1
    Gerry1 Posts: 10,849 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If you do a whole of the market comparison (start with Citizens Advice and 'Switch with Which?') it's unlikely that the best deals will pay cashback, so the question will probably be academic.
  • JJ_Egan
    JJ_Egan Posts: 20,281 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    No never for any purchase .
  • Farway
    Farway Posts: 14,812 Forumite
    Part of the Furniture 10,000 Posts Homepage Hero Name Dropper
    I ignore cash backs for reasons as Hammer T states
    Gardener’s pest is chef’s escargot
  • Petriix
    Petriix Posts: 2,301 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Name Dropper
    I made around £270 in bill credit in the 6 months I was with Bulb, using only slightly more than that worth of energy and standing charges. Once I had exhausted my referrals I switched away to a much cheaper supplier. I absolutely factor in the incentives to the overall cost. I've never failed to receive the promised credit.
  • I don't  anymore because of the relatively small amounts and may be difference of £1/2 per month. In the past when amounts were far larger i did though but was on it sharpish if didn't track straight away in Quidco, etc.
  • Not really fussed about cash back, free gifts or what ever. I'd rather they took it off the original price. a bit like aldi and lidl's. no reward card or discounts. just better price to begin with.
  • greyteam1959
    greyteam1959 Posts: 4,730 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 23 November 2020 at 9:15PM
    No never as it in not guaranteed.
    I never ever look at anything that  offers a 'gift' to sign up.
    Like Michael Parkinson offering a cheap nasty biro for signing up to whatever he is flogging at the moment.




  • egyptiancotton
    egyptiancotton Posts: 525 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    edited 23 November 2020 at 11:39PM
    Appreciate the replies. I should have mentioned that I meant cashback from the likes of the Cheap Energy Club or the supplier themselves (e.g. bill cashback or online discounts) rather than cashback via Quidco or TopCashback.
  • Gerry1
    Gerry1 Posts: 10,849 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Did your whole market search find any cheap suppliers offering cashback?  You've probably already found the answer !
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