There are so many cashback apps about these days and it’s easy to lose sight of which ones are worthwhile. I’ve already reviewed a lot of the best cashback apps in the UK. Today, I’m going to turn my attention to the Cheddar app, a relative newcomer to the scene. So buckle up for this Cheddar cashback review that will help you decide if it’s the right choice for you.
- What is the Cheddar App?
- A Closer Look at Cheddar
- Who Can Use Cheddar?
- Is Cheddar Legit and Safe?
- How Does Cheddar Work?
- Cheddar’s Costs
- Features of Cheddar
- Is Cheddar App Worth It?
- Pros and Cons of Cheddar App
- Alternatives to Cheddar App
- Cheddar Cashback Review
What is the Cheddar App?
Cheddar is a cashback and payment app that has been gaining traction in the UK. Launched in 2020 by Cheddar Payments Limited, the app provides a few services. It’s not only a platform for earning cashback on purchases but also facilitates quick and easy money transfers between users. You can now also buy gift cards for an even better cashback rate.
A Closer Look at Cheddar
Cheddar has a few services – cashback on your shopping, and a seamless money transfer feature. This makes it a versatile tool for those who love getting money back on their purchases and those who often need to send or receive money.
Cashback with Cheddar
Cheddar offers cashback when you make purchases at any of their partner retailers. The cashback rates vary, typically ranging from 1% to 10%. To start earning cashback, you simply need to link your bank card to the app. Get your payment link set up, then, when you shop with any of the Cheddar-affiliated retailers, you automatically earn cashback.
The great thing about Cheddar is that the process is fully automated, meaning once you’ve connected your bank card, you can sit back and watch the cashback roll in. The beauty of this is that it works passively, requiring no additional effort on your part after the initial setup. This makes it the best cashback app for me as I’m quite forgetful and often in a rush, so don’t like taking the extra steps to go through cashback sites.
Money Transfers with Cheddar
Another feather in Cheddar’s cap is its ability to facilitate person-to-person payments. Users can send and receive money instantly without needing to exchange bank details. This feature adds another layer of convenience to the app, making it a handy tool for those who often need to transfer money.
Buy Gift Cards
This is a new cashback feature – you can earn instant cashback by buying gift vouchers, similar to how Jam Doughnut works. For example, you can currently get 3% for a Tesco gift card, 2.5% at Asda and a whooping 5% at M&S. You can also get 3.5% off Sports Direct, and many more. So try out this new feature and get earning some free cash.
Who Can Use Cheddar?
For you to use Cheddar, you need to be at least 13 years old and own a UK bank account. Additionally, you need a smartphone that can run the app. Cheddar is available on both Android and iOS platforms.
Is Cheddar Legit and Safe?
Cheddar is a legitimate and safe app to use. It is regulated by the Financial Conduct Authority (FCA), which means the app adheres to strict financial standards. Furthermore, Cheddar uses open banking, a secure method for linking your bank account with the app. This means Cheddar never sees any of your bank details, adding an extra layer of security.
How Does Cheddar Work?
Setting up Cheddar is easy. After downloading the app from the Apple App Store or Google Play Store, you can link it to your bank account via open banking. Once that’s done, you’re ready to start earning cashback. You can add all of your bank cards and earn a small commission when you spend at their partner retailers.
Whenever you make a purchase at a Cheddar-affiliated retailer using your linked bank card, you earn cashback. The process is automatic, meaning you don’t have to do anything beyond making your regular purchases. It’s a straightforward way to earn some cash back on your spending.
The good news is, Cheddar is completely free to use. There are no hidden charges or subscription fees, making it accessible to everyone to get cash rewards in a secure way.
Features of Cheddar
Cheddar is packed with features that make earning cashback and making payments easy. Here’s a rundown of some of the key features:
Easy Cashback Earning
Cheddar simplifies the process of earning cashback. All you need to do is link your bank card to the app, and you’re set to start earning. The app automatically tracks your purchases at partner retailers and awards you cashback.
Money Transfer App
Cheddar’s person-to-person payment feature allows for quick and hassle-free money transfers. You can send and receive money from anyone, even if they don’t have a Cheddar account.
Cheddar also features a refer-a-friend scheme, where you can earn £2.50 for every friend you refer. It’s a great way to earn some extra cash while introducing your friends to the benefits of the app.
Use my referral code for a £2.50 bonus: ODTVWBJ
Broad Range of Retail Partners
Cheddar partners with a wide range of retailers, giving you ample opportunities to earn cashback. Some of the partnered retailers include Tesco, Amazon, ASDA, Morrisons, and many more.
Is Cheddar App Worth It?
After this Cheddar cashback review, the verdict is that Cheddar is worth trying. It’s easy to use, offers a convenient cashback system, and provides a seamless money transfer service. While it’s still relatively new and doesn’t work with all UK card providers, it’s a promising app with much to offer. As it’s automatic, you don’t have to do anything extra to earn cashback rewards, so link your current account and get started.
Pros and Cons of Cheddar App
Like any app, Cheddar comes with its own set of pros and cons:
- Easy and automatic cashback earning
- Quick money transfers
- Free to use
- Can be used in conjunction with other cashback sites
- Doesn’t work with all UK card providers
- Limited range of retail partners
- Have to regularly reconnect your debit card
Alternatives to Cheddar App
While Cheddar offers a unique blend of cashback and payment services, there are other apps out there that offer similar features. Some of these include:
- Airtime Rewards App: This app also offers automatic cashback earnings and works with a broad range of retailers.
- TopCashback: One of the biggest cashback websites in the UK, TopCashback offers cashback on a wide range of online and in-store purchases.
Read my post: 13 Best Cashback Apps In The UK
Cheddar Cashback Review
To wrap up this Cheddar cashback review, it can be said that Cheddar is a great app that offers a simple and automatic way to earn cashback. Its additional feature of person-to-person payments further adds to its appeal. While it still has room for improvement, Cheddar is well worth a try for anyone looking to earn cashback on their purchases. It doesn’t make as much money as other cashback sites but the little effort required is worth it for the instant cashback. So make use of Cheddar and earn some extra cash!