Using a site like the one offered by The Motley Fool can save your so much time and is much more likely to find a cheaper deal by searching a large market than you going out there yourself trying to hunt down and complete forms with every lender.

Imagine every time you bought something you earnt points which could be spent on gifts or holidays or every time you splashed the cash on your plastic you were to get paid a certain percentage of that back in cash! That’s pretty much what the cashback credit cards are all about, they offer an incentive to get you to use their card. As long as you pay the balance in full each month then it’s literally a win win situation and you can make a little something on the side.

So what exactly is a cashback trick? Put quite simply, it is the process of making money out of a cashback scheme, whether it be an online affiliate scheme or a credit card facility which offers you cashback on each purchase you make.

The top trick that most people generally know is to make all your payments for a month on a credit card which comes with cash back. So next time you go to pay for that weekly shop or pay a utlitity bill, put the cash in a high interest savers account (with instant access preferably) and then pay the bill on your card. You will earn a percentage back from your credit card and you can pay it off at the end of the month with the money you put away. Not only do you benefit from the card money back process but also you earn interest on the money you put into the bank. Basically if you manage your money properly then this is a no-loose situation. However if you pay the bills on your card and fail to put the actual cash into a bank account then you may be unable to pay the card at the end of the month and therefore get hit with interest charges and penalties so play carefully.

Next blog post I will discuss another cashback trick. Remember, looks after the pennies and the pounds will look after themselves!