In Q2 of this year, UK households spent £227 billion. £12.4 billion alone was spent on clothing and if this had all been bought through a cashback site, Britons would have earned almost £1 billion back in cash. But unfortunately for millions of British households, cashback sites are still very much a shopping secret.
Quidco.com, the UK’s largest cashback site, pays its 1.6million members money back whenever they click through its site and shop at any of 3,000 retailers. This means that clothing, gadgets, groceries, electronics and homeware are as much as 10% cheaper and members end their year a couple of hundred pounds better off. Significant amounts of cashback are also rewarded to members who take out new mobile, TV & internet, insurance and utility contracts through Quidco.
Quidco members can even earn cashback on their holidays. The flights, the hotel, the car hire, the car parking, the travel insurance, the currency and even the luggage and sun tan lotion can be bought with cashback. To earn cashback on shopping, consumers visit then click through to the website of the retailer they need. The site will then track their visit as well as their spend. The retailer then pays the cashback site a commission for providing it with custom and it then pays the commission to the shopper in full as cashback. Money can be paid to a member’s bank account twice a month, and as long as the user has provided the site with their bank details, the money will be theirs to spend, save, or even bury.
Voucher codes and group buy deals are highly popular and are also available at Quidco. Voucher codes can be used alongside cashback deals thereby allowing the shopper to save twice on one purchase, and many of the major group buy sites offer cashback through Quidco.
Despite the billions of pounds UK households are spending, personal finance is as tight as ever and every penny is important. Cashback sites provide consumers with ways to save on their household goods and essentials and as a result thousands sign up as members every day....read more