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Friday, 14 February 2020

Get cashback when shopping



This is not only a way to make money but also to save money as a student. If you look at it in a different way then you are making money with every purchase you would have made anyway, whether it be 10% or 0.5% cashback.

There are a number of cashback sites out there which pay you the commission they otherwise would have earned.

We recommend signing up with Top Cashback, Quidco.com and Swagbucks which are free and offer the best selection of retailers and exclusives.Each time you use the card, you earn a percentage of your spend back in the form of cashback.

For example if your card pays 2% cashback and you spend £100 in a shop, you will earn £2.

This cashback is generally paid annually, though some cards will pay cashback on a monthly basis.

Most cashback cards credit the amount you earned onto your statement, reducing your credit card bill. Some cards send the cashback to a bank account so you can spend it, or let you convert it to points or vouchers.

Reward points can normally be exchanged at any point once you have enough to qualify for a ‘reward’.

Cashback cards come in various forms:

some will simply pay a flat rate of cashback, no matter how much you spend or where you spend it
others pay tiered rates of cashback depending on how much you spend. For example, 0.5% if you spend less than £6,000 annually, 1% if you spend more than that. Be careful this doesn’t tempt you to spend more than you can afford to repay comfortably
some cards offer different rates of cashback depending on where you spend your money. For example, 1% on money spent in supermarkets, 2% on money spent in department stores and 3% on money spent on fuel.

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