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Maximising Savings: The Benefits of Cashback and Rewards




Cashback and rewards are popular incentives offered by businesses to encourage customers to make purchases. They can be found in various industries, from retail to utilities to credit cards. In this blog, I explore the benefits of cashback and rewards for customers.

Save Money

One of the most obvious benefits of cashback and rewards for customers is that they can help you save money. With cashback, customers can earn a percentage of their purchase back in the form of cash. This can add up quickly, especially for customers who make a lot of purchases. Also, rewards, such as discounts or freebies, can also help customers save money on future purchases.

HELPFUL TIPS

Before making a purchase online, take the time to check if the retailer you are about to purchase from is listed on Top Cashback. If you are not registered with Top Cashback, here is my refer a friend link . It is FREE and well worth the time and effort. (Disclaimer: by clicking on my refer a friend link, I may receive a bonus depending on T&C’s).

Since my husband and I joined Top Cashback and started using it effectively, we have earned anything from £150-£250 a year in cashback. We let the cashback build up throughout the year and then withdraw it into our bank account at Christmas time. Undoubtably, this helps cut costs during this expensive time of year. In fact, many gifts are bought again via Top Cashback so its a WIN WIN.

Please Note

The only downside to Top Cashback is that it is not an immediate solution. The cashback needs to go through an approval stage before showing in your wallet. Finally, when withdrawing it, it can take a couple of working days before showing in your bank account but it works for me.

EXTRA TIPS ON REWARDS AND CASHBACK

For a double or treble whammy here is what I do. For example, if I am buying something from Boots, I will do it via the Top Cashback app and use my cashback card to pay for it. So in this single transaction I have got my Boot rewards points, cashback from Top Cashback and cashback on my cashback card. Brilliant isn’t it? If you would like to talk to me about my cashback spending card, book a time to chat here.

Easy to Understand

Cashback and rewards are simple incentives that customers can easily understand. Cashback rewards are easy to calculate and can be used to make future purchases or help towards your utility bills. Reward programs that offer points or tiered rewards can be straightforward, allowing customers to track their progress towards earning rewards.

Build Loyalty

Reward programs can be an effective way to build customer loyalty. By offering customers something in return for their purchases, businesses can encourage them to continue shopping with them rather than switching to a competitor.

Tailored Promotions

Cashback and rewards programs can provide businesses with valuable data on their customers’ purchasing habits. This information can be used to tailor promotions and marketing efforts to specific customers or groups of customers. For example, if a business sees that a customer frequently purchases a particular type of product, they can send them targeted promotions or discounts for that product.

Encourage Repeat Purchases

Cashback and rewards can be a great way to encourage repeat purchases. Customers who know they will receive a reward for making a certain number of purchases or spending a certain amount of money are more likely to continue shopping with a particular business. Additionally, rewards programs can create a sense of anticipation, encouraging customers to keep coming back to see what rewards they can earn next.

In conclusion

Cashback and rewards programs offer a range of benefits for customers. They can help customers save money, build loyalty, receive tailored promotions, and encourage repeat purchases. Businesses that offer cashback and rewards programs can build strong relationships with their customers and increase sales in the process.

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