Quidco Review – Highest Cashback Guaranteed
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I’ve been a big fan of Quidco since the beginning of my money-saving journey. I love cashback and earn it every time I do any kind of online shopping – it’s one of the first money-saving hacks I recommend to people looking to improve their finances. On top of cashback, Quidco run a range of promotions throughout the year and are constantly adding new features to help you save even more money.
Quidco was founded by Paul and Jennifer Nikkel in Sheffield in May 2005. Their first office opened in London in 2007 and by 2013 the site had over 3.5 million members. The website is now owned by the MoneySupermarket Group and has over ten million members.
How does Quidco work?
Earning cashback through the Quidco website is effortless, every time you want to buy something from an online retailer instead of going directly to the retailer’s website you visit a cashback website instead, then search for the retailer and visit them from Quidco. This way the cashback website receives commission for sending you through to the website you purchased from and then they hand the majority of this commission back to you as cashback.
You can see your cashback rate when you click on your required retailer – once you’ve been directed to the retailer’s website you shop as normal. Your cashback is then calculated and added to your account once they’ve ensured that the purchase has gone through and you aren’t going to return your products.
Quidco apps, tools & features
Quidco Mobile app
If you love to earn bonuses on top of your cashback you absolutely need to download the app. The app makes earning cashback that little bit more convenient, you can shop directly from your phone and you’ll be the first to know about the latest bonuses and boosted offers.
Premium
As a premium member you’ll earn up to 10% more cashback on your purchases, you’ll also receive up to 20% payout bonuses and they’ll double the difference on their Highest Cashback Guarantee.
Quidco’s premium membership costs £1 a month (you’re only charged the £1 if you’ve actively purchased through Quidco that month). If you’re a big spender Quidco Premium is worth considering as you’ll likely make more than your money back from the 10% top-up and 20% payout bonus.
You can sign up for the Premium membership when you first sign up to Quidco, or by visiting your settings under account type and clicking on the ‘upgrade now’ button.
Compare
Quidco’s newest feature is Compare. You can use Quidco Compare to find and compare insurance, mobile, broadband, loans and energy deals – by using the Quidco Compare platform you can also cash in on cashback on top of any savings you make when signing up to a new provider.
I used this feature to sign up for a new sim-only mobile contract. I got the best deal on the market and pocketed cashback by switching too.
Highest Cashback Guarantee
Arguably the best feature on the Quidco cashback website is the Highest Cashback Guarantee. If you find a higher applicable cashback rate for your purchase on any other UK cashback site, Quidco will match it and add a little extra on top.
To qualify for the highest cashback guarantee the better rate must be identified within 72 hours and proof of the higher cashback rate must be provided in the form of a URL which directs to the appropriate page on an alternate UK cashback website.
How to sign up to Quidco
Signing up takes less than 5 minutes, start the process by visiting Quidco and answering the registration questions. Use the link below to get a £15 bonus when you complete a transaction of £5 or more within 30 days.
Please note that Quidco Compare transactions will not count towards the sign-up bonus offer.
Frequently asked questions
Is Quidco free to use?
They operate a two-tier membership. the basic membership is completely free to use and is funded by advertising and commission. Quidco Premium (the higher tier membership) costs £1 each month that you’re actively using Quidco.
Is Quidco safe to use?
Yes. To ensure your personal information is secure, Quidco uses SSL 128-bit encryption. They were voted the UK’s best cashback site at the 2012 and 2013 Consumer Moneyfacts awards and the Compare service is regulated and authorised by the FCA.
Is there a limit to how much money can I earn?
No. Your cashback earning possibilities are endless. The average active members earn £280 a year.
How do I get paid my cashback?
Once the retailer confirms your purchase, your cashback will be paid into your Quidco account. You can transfer this to your bank account, or PayPal account or have it paid as a Gift Card.