Cashback rates
Cashback sites have been around for quite a few years now and it is quite a mature industry in some places such as the UK and the US. Most do offer similar rates of cashback for popular online retailers although it is always worth checking as there can be significant differences as cashback sites are able to negotiate exclusive time-limited deals. I've said before that your best bet is to sign up to 3 or 4 of the best sites and then shop through the site that gives you the best deal. The top cashback sites allow you to cash out your money at low levels so it shouldn't matter if you shop around for the best rates as you'll be able to get at your cashback.
In store cashback
Some sites now offer cashback at selected stores on the high street. To get access to this you need to register your credit (or debit) cards on the cashback site that you normally use when you shop in store. By doing so you can expect to receive cashback for each subsequent purchase you make whilst the offer is still running. Not many cashback sites offer this function yet, but I would expect it to become more widely available if interest really takes off. Check out the cashback site links to the right to find out which sites offer in store cashback. At the moment the number of retailers participating in this is limited but there are a couple of popular ones.
New ideas
As cashback sites seek to compete with one another and gain your business more novel ideas have been introduced. One site I use, imutual, is a British cashback site with a great idea as it offers its members the chance to earn shares in the business whilst also benefiting from competitive cashback rates. Once you agree to become a fully fledged member you can have a say in the running of the business and vote on different decisions that need to be made. The site has an active forum where you can ask questions and discuss various deals and offers.
We're always on the look out for new cashback sites and ideas, so if you know of any please comment below. Happy cashbacking!
Thursday, March 20, 2014
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