Earn Money While You Shop Online With Cashback SitesDisclosure: This post may contain affiliate links
When shopping online or signing up to banking products and insurances etc, there's a sneaky way to make hundreds of £££ a year using internet cashback websites.
There are different amounts available for different companies and all the information will be available before you make a purchase, so you can ensure you get the best cashback. You can track all your earnings through the cashback website.
It really is as simple as that, you just sign up and use their links to click through to your desired shop and if they're 'affiliated' with them you will earn money back.
Popular Cashback sites...
How does Cashback work?
Simply sign up for a free account (avoid any that require payment) with any cashback site, log-in and then click on the product you're interested in or website you're going to purchase from. When you make a transaction a cookie is stored and it's recorded through the site. So every time you buy something or sign up to something that qualifies, you will get paid cash for doing so.
How to make money with Cashback Websites
Refer a friend
All cashback sites pay bonuses when you get a friend to sign up for their site. Yet you usually only get the bonus if a friend starts earning cashback themselves. Ensure you refer your friend through the correct link via the website. You will get your own referal link in your account and you can earn as much as £15 for every friend that joins up via your link. Topcashback pays £7.50 per sign up, Quidco pays you £5 and your friend £5.
Use a cashback credit card as well
You can also earn up to 5% extra every time you spend by using a cashback credit card such as Amex Platinum(The two top paying cards are from American Express, which both require a household income of £30,000 to get). Although always ensure you pay it off in full so you're not charged interest. There is no conflict between cashback sites and cashback cards as when you spend money, who ever it is spent with, the cashback credit card gives you some of it back.
Quidco have theor own comparason site and any products you purchase via there will earn you cashback. Topcashback don't have their own, although you can go to most of the major comparason sites through them and earn cashback in the same way.
You can unlock a payout bonus of up to 20% with selected partners. Quidoco and Topcashback will top-up your earnings with a nice bonus when you withdraw your cashback as an e-gift card for one of their selected partners.
Tips for Making The Most Of Cashback
Clear your cookies
If you have clicked through to several different sites that collect cookies, which will often include the product site itself, through a comparison site, this site, or another cashback site. It may not track unless you clear your computer's cookies first.
Ensure you've found the right product
It's easy to be seduced by £50 cashback for signing up to an insurance provider or credit card, or an extra 5% discount when shopping, But always check you can't find the exact same product for cheaper elsewhere.
Never rely on the cash
Cashback sites only pay you if they get the money from the retailers or product providers, but there is often disputes, so sometimes they're not paid. There's often problems with tracking. Of course most of the time it's fine, but it's why cashback should be seen as a useful added extra not a wage.
And as always, if you know of any other great cashback websites, let us know in the comments below...