Cashback is a great way to get free money back on your usual spending, plus it is a tax-free income. With plenty of cashback websites out there to choose from, you might have heard about iMutual. It is a different cashback website to most – along with iMutual cashback you also earn shares.
What is iMutual cashback?
Cashback websites aren't new – we already have Quidco, TopCashback and JamDoughnut as the big names, but did you know that there are plenty of other cashback websites out there with fantastic offers?
iMutual cashback is one of them.
As well as earning a set fee or a percentage of your purchase as cashback, you will also earn shares in iMutual.
How to earn iMutual cashback
Do you earn cashback on your online shopping? If you don't, you're missing out on free cash! To earn a percentage of the amount you spend at online retailers back as cashback, simply visit iMutual before you make online purchases. This is how you will earn your cashback.
Cashback from free trials
iMutual cashback has a lot of opportunities to earn money and shares.
One of my favourites is taking a look at the free trials on offer – all with cashback.
Refer friends and get more
You can earn 100 shares for every person who you introduce to imutual.
I love making money from referring friends and family to products and services that I love, like bank accounts.
What else do I get?
Alongside the cashback, iMutual also give you shares in the company. This means that when they're able to pay dividends (perhaps in another 2-3 years), you'll earn dividends on the shares you own. That sounds good to us. Cashback & shares, the tag team we never knew we needed!
Payment method(s) and thresholds
The payment threshold is just £1! Cashback is paid out via BACS or PayPal. Make your payment request before 7am on a Tuesday and it'll be with you by Friday. You will need to request you payout in your account, this isn't automatic. Getting your iMutual cashback into your own bank account means you're maximising the interest you can earn on it. It might not earn a lot of interest, but it will earn a lot more than sitting there waiting for you to withdraw.
How does it compare with Quidco and Topcashback?
Since Quidco and Topcashback are the big names in cashback, how does iMutual compare?
For this test I used Look After My Bills on each cashback website.
Topcashback pay out £21
Quidco pay out £20.
And iMutual cashback pays out at £10 plus 100 shares.
My verdict is this: sign up to every cashback website and compare the rates before you make a purchase to see where you get the best deal.
My verdict on iMutual cashback
The idea behind iMutual is great and what's more, it is 90% owned by share holders – the users.
You do need to compare the cashback rates across multiple websites, but sometimes iMutual do come out on top.
What are you waiting for?
