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A while ago a friend of mine introduced me to Quidco – an online cashback system which works by offering you cashback on online purchases. You navigate to the online stores through the Quidco portal and as a result, they give you a % in cash-back for your transaction. That’s it, there’s no strings – Quidco is essentially paying you back the referral fee that most websites offer to search engines, advertising portals and so on. The cashback varies from 1% through to 10% or even 15% on certain special offer deals, so the value of the transactions can quickly.
I was very sceptical at first – who wants to always click through one website to get to another – but the draw of the cashback had me intrigued. My friend showed me her account, and she had already earned over £1000 in cashback… that sold it to me!
I signed up to Quidco in August and made a few purchases (of things I was already planning to buy) and guess what… money started mounting up in the cashback portal. My first transaction was a pair of train tickets for £47, and on that I earned 94p in cash back. Not a lot, but a quid for clicking one extra link – i’ll take that. Each transaction has a cooling off period (to allow for refunds, and things like that), but within a couple of weeks, that money was available for me to withdraw.
Anyway, long story short – my Quidco account is currently sitting at £31.88, plus I have another £16.07 waiting to be approved. That’s nearly £50 in 4 months – not to be sniffed at!
After seeing my success mounting up on the Quidco side, I simultaneously realised I really should sign up for a credit card in the UK (I closed my old one down after moving to Sweden for 3 years). Polling my friends, one name kept coming up again and again – American Express – and guess what, they offer a cashback card too! I explored a lot of different options before settling on the Platinum Cashback Card, which offers 1.25% in cashback on all transactions (plus 5% in the 3 months).
I needed a credit card in order to start rebuilding a UK credit history, so my plan is to use the credit card for everyday transactions, then pay them off each month. That means that my £7.60 in Oyster transactions each day is earns me 9p back… every day. Add that up over a working year, and that alone is £20+ of cashback each year, for nothing. And it’s not just Oyster – everything I spend, i’m earning money back on. Or at least almost everything – there are a few places where American Express isn’t accepted, so I do still have to carry my Visa debit card as well, to get me out of those holes.
So how’s the American Express thing going? Well… I booked my holiday on it, so, pretty well! So far i’ve earned £116 in cashback! Yes, you read that right… between Quidco and American Express, i’m approaching £175 of money back for things I would already have purchased. I won’t say i’m hooked, but i’m definitely glad I signed up.
Fancy giving it a go? The link below will get you started – and i’ll earn cashback if you sign up too!
American Express: https://www316.americanexpress.com/iFormsSecure/un/iforms.do?cuid=emgmMgmee_en_GB&evtsrc=link&evttype=0&tkn=52692C53D179B514B71ED28D51B26EE9F50257F751D176C8&mgmerSource=mgmerHub&MGMURN=AAAAAgwTDRoWFQ%3D%3D&CPID=999999451