New Cashback account pays you to go shopping
Do you, in the immortal words of Mark Knobfler, want your money for nothing and your kicks for free? Well, RBS and Natwest are introducing a new current account that gives you cashback when you shop with your debit card.
With the Cashback Plus account you’ll get back 1% of your shopping total, so you’ll receive a penny for every tenner you spend. When you’ve racked up a fiver, it gets paid into your account, or you can donate it to charity or swap it for gift vouchers.
OK, so you won’t be lighting fags with tenners and wiping your bum on crisp fifties, but it’s better than nothing, right? Well, it’s marginally better than nothing, but it might take you a while to get to £5 status. BP, Cineworld, Caffe Nero and H Samuel are amongst the businesses that have agreed to take part – but so far you can only get cashback in 11 shops. So you’re going to have to buy a lot of coffee, petrol and gold sovvy rings with ‘MAM’ written on them.
You might get more bang for your buck if you choose to put your cash into the gift vouchers, which are worth more and feature special offers. (They’re also being accepted by a few more stores - including Halfords, Currys and PC World.) For example, in exchange for £5 cashback, Cineworld will give you 2 adult tickets worth £10.
So there you go. Go forth and spend, then you can reap the rewards. Eventually.