How do Cashback Sites Work? Making the Most of Cashback

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How do Cashback Sites Work? Making the Most of Cashback

From cashback sites to cashback current accounts, we’ve explored how cashback works and how to get the best deals - and what to avoid.


Cashback sites are an oddly well-kept secret in the UK. ‘Odd’ because they’re an amazingly simple way to earn hundreds of pounds each year without having to really do anything. 

Fortunately, the best secrets are worth sharing (and also involve making money).

So . . . what is it? The Cashback Meaning

Cashback sites pay you cash for clicking through them before going on to another site to buy something.

For example, let’s say you were going to buy something from Amazon. If you were directed to Amazon from a cashback website - instead of going to Amazon directly - the cashback site would then pay you back a percentage of what you spend. If that offer was 10%, and you bought something for £40, you’d get £4 back.

That’s a simplified version - each cashback site will have its own rates and its own rules in place. Cashback may only apply to certain items, or you may need to have earned a certain amount of cashback before you can withdraw the funds.

Which cashback sites are best?

There’s a number of cashback sites to choose from, each with their own advantages. Here are our top picks:

  • TopCashback - frequently coming out on top in price-comparison charts, TopCashback is one of the big boys. Benefits include a free membership (you’ll automatically be enrolled in a trial of their premium membership when you sign up, but this can be turned off at anytime); and they offer a 25% bonus if you choose to take your earnings as a gift card instead of cash, valid at places including Amazon, Gap, and M&S.
  • Quidco - another of the big ones, Quidco competes with TopCashback to provide the best deals. If you’re making a big purchase, check both to see who can give you the best price.
  • OhMyDosh - completely free to use, they also offer rewards for completing surveys, playing online games, and will enter you in prize draws for shopping at certain retailers.
  • Swagbucks - similar to OhMyDosh, and you can choose to be paid via gift cards or have it paid directly into your Paypal account.
  • Boom25 - instead of offering cashback directly, you have a 1 in 25 chance of being able to reclaim the entire cost of your shop.

Cashback Current Account Rewards

The battle to provide the best current account is intense. It’s almost worth switching banks just to scoop up the various rewards, perks, discounts, offers, bonuses, advantages and benefits being dished out.

Now the high-street bankers have gone one step further and are offering cashback rewards to compete with the sites mentioned above - on top of the cashback you could be offered simply for swapping banks. As well as providing cashback with online retailers, they can also offer cashback on monthly bills.

cashback site offers

What each bank is offering is slightly different, but the best deals are generally held back for the premium current accounts. Check out Which’s roundup of the banks offering the best cashback rewards before deciding if it’s worth switching.

Stay safe with cashback sites

We’ve really sold the cashback sites, haven’t we? But it is a bit easy to get carried away.

Never forget - cashback sites don’t offer free money. They simply offer some of your own money back on purchases you’ve already made. If you’re getting 10% back on a £50 purchase, you’ve still spent £45.

What we’re saying is that you shouldn’t use it as an easy excuse to justify overspending. If you weren’t going to buy something originally, this shouldn’t push you to buy it now.

Instead, think of cashback as a pleasant bonus alongside your normal shopping. You should still shop around for the best deals and avoid spending money simply because cashback is on offer.

In conclusion . . .

Cashback sites don’t require any change in lifestyle or shopping habits - they just need a bit of forward thinking before making a purchase. Suddenly you could be a few pounds better off, and over the year, it all stacks up. Win win.


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