Cashback websites often give large incentives for new customers. For example, "Buy a cinema ticket and get 100% cashback making it free". They do this as a loss-leading marketing tactic to win new customers. They have an assigned "cost per acquisition" (how much they're willing to spend to gain a new user). In this industry it is about £30 - £35. Therefore, if they can win you as a new customer for less than this amount, they're doing good. This is why you'll rarely find sign-up offers for more than this amount.
Saving Money While You Shop
Cashback is a type of reward program that is mostly operated by credit card companies. A percentage of the amount that is spent by the buyers on their purchases are returned to the cardholder. There are many credit card companies in the UK and US that have these programs so that they can encourage cardholders to shop more and use their credit cards.
Cardholders are often given points that they can use for frequent flyer miles or they can get a certain cash amount. This is called a cashback reward or simply cashback. Typically, the cardholder receives between 0.5% to 2% of their net expenditure. The card holders can also take advantage of annual rebates which are credited to their account or paid to the cardholder directly.
This kind of rewards program is very beneficial to clients who pay their balances regularly every month. There are also reward based products that the clients can buy instore or online. These products offer a higher annual percentage rate. Cashback business credit cards are very helpful to save some money on your purchases. The more products you buy, the bigger percentage will be credited to your account.
How to earn money from cashback sites - Which? top tips
Benefits of the Cashback Rewards Program
- Cash rewards. Cashback pays you when you click and browse their site. You can actually £100s per year if you know how to use them correctly.
- Security. The sites will provide you with serious warnings with your purchasing activity to protect you from getting into debt. You can also earn 5% extra when you use a cashback credit card.
- Product Availability. There are lots of products that you can buy that have higher return percentages. Choose from a wide variety of brands from your favourite sellers.
- Free Sign Up. Legit sites let customers sign up for free. If the companies ask for money when you sign up then you better avoid them.
- Purchase Tracking. Your visits to the sites will be tracked and you can see the history of your purchases. This will also provide you with added security. You can also track the activities on your cashback site account.
Selling sites have different cashback site payment policies but these figures are subject to change without prior notice. Debenhams give 3%-6% of the products cost, Marks & Spencer gives 1%-5%. Currys PC World gives its customers 1%-15% of the products cost.
These were based on the rates of Quidco and Topcashback which was last updated in November 2018. The rates can also differ depending on the product category and customer type. It may also vary if the customer is new or existing.
Cashbacks are promotional strategies that companies use for customers use their services more. The amount of money that customers get depends on what product they buy and how much they are willing to spend on them.
Major cashback sites have direct relationships with the sellers and they can offer exclusive deals which allow the customer to earn more. The sellers can also sell their products faster and have a hassle free transaction.
How to Get Cheap Cashback Deals Online
Here at Latest Deals, you will find the items that you are looking for easily and at very reasonable rates. Look no further as we bring you only the most updated cheap cashback deals brought to you by our supportive team of bargain hunters.
We have checked and reviewed each deal we bring to you so you can have better options and saving. You can get as much as 30% discount on various items from Top CashBack, Quidco, Tesco, Shopmium, Currys PC World, Hughes, Very, Canon, and Quidco. We will also provide you with information about the latest Barclaycard cashback and Topcashback free offers.
The best time to get massive savings is during special sales where selected products are given at very low prices. You can get the deals of the day from cashback sites. Purchase the items that you need from the retailer you trust the most and you will never go wrong.
Our savvy money-saving experts will share with you important information to help maximise your savings. You can make use of exclusive Unidays and Quidco UK offers and special discounts so that you can stick with your financial plans.
There are online retailers that provide product warranty on selected items. There are plenty of ways to save on your purchases online. Take advantage of the abundance of information that our community of bargain hunters will share with you.
Some UK retailers have seasonal clearance and regular sales. There are also the best rewards credit card UK voucher codes that can provide you with free shipping and gifts. This is where you will find the latest deals and offers found and shared by our community of avid bargain hunters.