Quidco

Quidco sells itself as 'cashback cooperative' whereby those members who sign up to its services can receive cashback on any purchases they make through its shopping portal.

The shopping portal consists of hundreds of online shops including many large well known companies such as Carphone Warehouse, Tesco, Lloyds TSB, Dell and Boots as well as several smaller niche shops.

Essentially to earn your cashback you click on a link to the online shop, for example, Tesco and do your online shopping as usual. Tesco will then pay Quidco commission of a couple of percent of your total purchases and Quidco then pass this commission onto to you.

Unlike some cashback reward sites Quidco do not keep a share of this commission instead they pass it all on to their members. How do they make their money then? Well they charge a £5 annual admin fee which is deducted from your first payment. If you do not make enough cashback to cover they admin fees in a year then it is simply rolled over and they will not expect you to pay it.

The cashback on offer varies from shop to shop but Barclays are offering £125 for taking out house insurance through them but generally it will be much lower than this at around 2% or 3% of your total shopping bill. But if penny counts as they say and if you do any online shopping at all signing up to Quidco or another cashback website is a good way of saving some money.