Cashback websites establish deals with a variety of big name companies who offer them special deals when sales are generated from their site. The cashback website then shares this discount with its customers. So, for example, an insurance company might offer a 5% discount on its policies to a cashback website. You visit the cashback website and click through to the insurance company and buy a policy. The cashback website then shares its revenue with you and pays you 2.5% of what you spent on the policy. These percentages are just an example and vary widely.
The best cashback websites actually pay you 100% of the commission they receive from the retailer and generate their own profits by taking a small annual amount from your total cashback and/or by receiving sales bonuses from the retailers.
There are many of these cashback websites around with each one representing different retailers. You’ll need to sign-up with them to open an account before you start shopping but don’t join too many as they’ll set a minimum payment amount which you must reach before they’ll send you your cashback. If you join too many you may never reach that minimum on any of the sites. Here are two of the best ones:
Quidco.com is the UK’s top cashback and voucher code website with nearly 60% market share. According to their website “Half of the UK shopped online last month – but 95% paid more than they needed to.” They have over 1 million members and grow by approximately 40,000 new members a month. Quidco claim that their members can save an average of £250 a year on their online purchases at over 2,800 retailers including many travel service providers.
Quidco.com is of particular interest because not only do they pay you 100% of the cashback they earn, they also allow you to register your credit card or debit card with them and still earn the cashback when you shop in-store as well as online. They take £5 from your cashback earnings every year.
Topcashback.co.uk is the other major player in the UK cashback website market which has the added advantage of not charging any annual fee to its customers.
Look for Online Discount Vouchers
Voucher Codes are simply special codes which will get you a discount when you shop with participating online retailers. For millions of internet savvy UK shoppers voucher sites have become a way of life. They have an ever changing selection of discount vouchers covering the whole retail market including travel offers.
They are worth looking at once you’ve found a deal you’re interested in elsewhere to see if you can still get that price down even more. Here are a few of the main voucher websites in the UK:
Myvouchercodes.co.uk has established a community of shoppers who regularly contribute voucher codes and other promotional offers that they come across both online and offline. Their discount codes focus mainly on the retail sector but some hotel, car hire, airport parking and travel insurance offers do appear. You can sign up for their newsletter to receive their latest discount codes.
Hotdeals.com is a non-commercial site which is a great place for consumers to share genuine advice about good deals they’ve found. You can register for free and commercial marketing isn’t permitted.
Do You Have Any Travel Money Saving Tips?
Clearly there are some savings to be had on these websites. If you have any more money saving tips for fellow travellers please add them to the comments section below.