Last updated in September 2020
Learn how to earn money with cashback. Cashback is a low-effort and easy way to earn some extra money but few people are aware of this opportunity. Groceries, hygiene and cleaning products, clothes, insurances, utilities, etc. are necessary expenses. Even if you want to save money, you still have costs.
What if you could take advantage of these expenses and earn money every time you spend? There are different ways to earn money with cashback and the more methods you combine, the more money you make.
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How to Earn money with cashback apps
For grocery shopping, you can choose from a variety of smartphone apps that offer cashback. Ordinary people will use one app, if even, and waste a lot of potential cashback opportunities.
I recommend downloading a whole range of them and see for yourself which you find useful. Using cashback apps is free. Personally, I use Shopmium, GreenJin, and Checkoutsmart. If you sign-up to Shopmium with the code q2766a, you will get free Pringle’s crisps (this offer changes frequently so you might get something else).
As you can see, Shopmium helped me save over £16 in the first few months I have been using it. They payout really quickly and have a high user satisfaction, as evident from their Trustpilot score:
Using these three apps, I manage to make up to £5 cashback per month. This does not sound like much but uploading a receipt after shopping takes less than a minute and is super easy.
I am just a single person, so if you shop for your family, you can obviously make much more. It also depends on where you shop. Most cashback is limited to big supermarkets such as Waitrose, Tesco, Sainsbury’s and ASDA.
Additionally, you can also turn your shopping receipts into money using grocery shopping receipt apps.
Irrespective of the free Pringle’s crisps, Shopmium is my favourite cashback app. They pay automatically after approval which is usually within two days. With GreenJin, you can claim your cashback once you have built up £1.50 and withdrawals can take approximately two weeks.
Checkoutsmart will only let you withdraw penalty free once you have reached a total of £20.00 in cashback. This can take a few months to build up depending on your spending.
To make the most of your cash back apps, you need to combine offers and stack cashback. Simply find a product that is on offer on more than one cashback app. Then, submit the receipt to all apps that offer cash back for the item. Once I bought a pack of ice lollies for £2.00 and got £2.50 cashback for it. You are reading correctly, I got more cashback than the ice lollies cost me.
How to Earn money with cashback websites
What if you need to renew your car insurance or want to buy a new laptop? Cashback is not limited to groceries but can be obtained for all kinds of purchases. Sometimes you can even get cashback for starting a free trial. Cashback websites are FREE and easy to use.
Before I buy anything, I always check Topcashback, Quidco, and OhMyDosh! for cashback offers. Signing-up to these through my links will give you a special sign-up bonus so you will earn money before you even start.
OhMyDosh! also allows you to make easy money from taking out free trials.
Note that you cannot stack cashback as you can do with cash back apps. This is because cashback websites require you to sign-up up or make a purchase via their link. You can only follow one link for one sign-up/purchase. However, there is also the potential to earn much more cash back per purchase as some offers are very generous.
Cashback website also offer numerous cashback opportunities for online casino sign-ups. You can profit from these with my low-risk casino guide.
After you have made your purchase (be sure to disable your adblocker), your cashback will track as “pending”. Once the cashback website has confirmed your cashback with the retailer, it will be “payable”. How long this takes depends on the offer. Some become payable within three weeks while others may take six months.
A small number of cashback purchases may not track correctly and you have to manually put a claim in. This is very easy to do but it may take up to two months (or longer) until your cashback is added.
How to Earn money with cashback credit cards
To take your cashback game to the next level, you need a cashback credit card. With one of these, you can combine the cashback from apps or websites with the cashback you obtain when making a purchase with your credit card.
Top tip: Check whether you can pay your rent through a credit card. This may be possible if you are with a housing association.
Credit card disclaimer
Please note that you should only get a credit card if you are responsible with your money and are debt free. If you do not pay off the card in full each month, the interest will wipe out any cashback benefits.
How to Earn money with cashback current accounts
If cashback credit cards are not for you, you may instead want to try a cashback current account. For example, Santander 123 currently offers 15% cashback for purchases with selected retailers and for utilities.
Banks frequently change their current account of offers. It may be worth to do a quick google search yourself and see if you can find better offers.
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