A great money back site (Quidco.co.uk)

Member Name: phillipsdj

Product:	Quidco.co.uk
Date:	08/07/09 (55 review reads)
Rating:

Advantages: Great deals with retailers, well designed site, no junk mail etc

Disadvantages: None

Quidco is one of the many Cashback sites available on the web these days, I believe it is one of the original and is certainly the first one I signed up to.

As you would imagine from something called a cashback site, the premise is that the user (you) gets some money back from any online transactions you make - these could be fixed amounts ie £20 if you get Mobile Phone A from provider B or a percentage ie 6% cashback on all CDs and DVDs bought from a certain retailer.

Although not every retailer is on Quidco they have set up deals with many of the top companies, some of the thousands include:

Electrical retailers such as HMV and Play.com
Auction sites like eBay
Home/Contents/Car Insurers like Sheila's Wheels
Online supermarkets such as Tesco

And many, many more.

There are also a couple of search engines on there that will pay you 2p for every product search you do (max. 2 per day). These are never going to make you a fortune but if, like me, you are always looking up the price of certain items and believe that every little helps then a few pence per day will soon stack up.

Quidco 'charges' each user £5 per year to provide these deals, I have highlighted the word charges like that because you do not actually pay anything to the site - the £5 is subtracted from your total cashback annually (not charged if you do not earn £5) and to be honest if you shop online as often as I do then you will soon have earned £5 to cover it.

Payment is made by BACS straight into your bank account each quarter (I'm not sure of this fact, I will look into it) and the amount you get is linked to your transactions from earlier in the year. At the time of writing (July 09) a payment had recently been issued but I did not receive anything because all of my transaction lately have come in the past week or 2 and will be included in the next batch of payments.

There is also a growing community aspect to Quidco with many 'clans' forming each week so that people with common hobbies, views etc can get together and chat.

All in all I think this is a great site which is based on a fantastic idea and is carried out perfectly. I would have no hesitations in recommending this to people and I have in fact already persuade 3 friends to join up and 2 of them have already earned more than me!! :-(

Summary: One of the best ideas for a website I have seen in a while!