Money matters can be tricky, but there’s an easy way to add a few hundred pounds to your bank account each year, and it’s all thanks to cashback. Martin Lewis, the money-saving maestro, has shared some brilliant tips on his ITV show, ‘The Martin Lewis Money Show Live’. Let’s break down his advice into simple, actionable steps.
1. Cashback Cards – Pay and Earn
Martin’s first tip is to use a top cashback card, like the Chase debit card, which offers a nifty 1% cashback up to £15 a month. The best part? It’s super easy to use. No need to switch banks; just download the app, load money, and start spending. Plus, it’s great for overseas use and won’t leave a mark on your credit file.
American Express, The Big Spender’s Choice
For those who often find themselves making larger purchases, the American Express Platinum Everyday card is your ally. It rewards you with a whopping 5% cashback for the first three months, capping at £100. Remember, you need to spend at least £3,000 in a year to reap these benefits. If that’s not in your budget, this card might not be for you.
One viewer shared their success, having saved £100 over a year using the Amex card. That’s a nice little bonus for regular spending!
2. Cashback Websites – Shop and Save
Cashback websites are an easy win. They make money when you shop through them and share a slice of their earnings with you. Martin’s advice here is golden: always shop for the best deal first, then see if you can get cashback on top.
One savvy viewer made over £6,000 just by using cashback sites for routine purchases like hotel bookings, airline tickets, and insurance. It’s a simple strategy: do your research, join a cashback site, and start earning on every purchase.
3. Cashback Apps – The Smart Way to Spend
Martin’s final tip is about the Airtime Rewards app. It’s a clever way to earn cashback that goes towards your mobile bill. Compatible with O2, EE, Vodafone, GiffGaff, and Three, this app links to your bank account and tracks your spending at specific stores, offering varying cashback rates like 2% at Argos, 5% at Greggs, and 4% at Boots.
Make Your Money Work for You
Cashback isn’t just a buzzword; it’s a practical way to make your regular spending more rewarding. Whether it’s through a cashback card, website, or app, there are opportunities to earn back a part of what you spend. Just remember to shop smartly, choosing the best deal first, and consider cashback as a bonus, not the main goal. Happy saving!