How to make extra money on cashback sites

Making money

How to make extra money on cashback sites

By Joe Elvin

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How to make extra money on cashback sites

We have five clever tips and tricks to help you maximise the amount you can earn while using cashback sites.

The amount of money you can make from cashback websites depends largely on how many products or services you buy through them.  

However, there are a number of actions you can take to maximise your income from these websites without having to spend any extra cash.

1Get your friends to sign up

Many cashback sites will give you a bonus if you refer them to a friend.  

Do this by sending an email using the website's dedicated referrals page. The email will contain a link to the cashback site with a personalised referral code to confirm that it was you who gave the recommendation.   

Typically, you won't get the bonus until your friends earn a certain amount of cashback themselves, so it's worth encouraging them to shop after they've joined. 

Find out more: 50 ways to make money - the all-inclusive guide to boosting your finances

2Make use of freebies

Both of the major cashback websites - Quidco and TopCashback - include offers which allow you to make money for free. 

You can earn free cashback by completing surveys, getting quotes from price comparison websites or entering prize draws.

The rewards offered are rarely astounding but can be worth making use of if you have a few minutes to spare. 

Find out more: Cashback site pitfalls - flaws to be aware of 

3Earn cashback on the high street

You can earn cashback on high-street purchases by registering your debit card or credit card on the Quidco website. 

Do this and you will automatically receive cashback on purchases with retailers that have struck a deal with Quidco, providing you use the registered card to pay for your goods.    

TopCashback also allows you to collect in-store cashback at certain high street retailers via its smartphone app. The app provides digital vouchers which you can show the cashier to secure a discount. It also allows you to upload photos of receipts so you can earn cashback on certain groceries and high street purchases. 

4Think outside the box

It's not just everyday purchases that can earn you cashback. The real windfalls can come when you’re signing up to a service for a period of months or years.

If you’re signing up to a new broadband or phone contract, a quick check of a few cashback sites could see you earning hundreds of pounds. It's worth checking whether credit card, insurance or mobile phone providers are registered on cashback sites before locking yourself into a contract with them too. 

You can also earn a fair chunk of money by booking your holiday through a cashback site. It's possible to get a great deal on flights and hotels as well as extras such as car hire, travel insurance and airport car parking. 

5Use cashback credit cards

You can earn an extra bonus on your online purchases by paying for your goods with a cashback credit card, which will pay you back a percentage of what you spend on it.

The Which? credit card comparison tables let you search all available cards from all available providers to choose the best deals based on quality of service as well as cost and benefits.

To avoid being charged interest, make sure you pay off your balance in full at the end of the month. 

You can compare cashback credit cards and see how providers are rated for customer service with Which? Money Compare.

  • Last updated: March 2016    
  • Updated by: Joe Elvin