Since I joined Top Cashback I have earned over £400 in cashback of which I’ve claimed £376.70.
I have converted this as follows:
|14-Sep-16||British Airways Executive Club||£35.44||3,544|
|01-Apr-16||British Airways Executive Club||£102.41||10,241|
|03-May-16||British Airways Executive Club||£84.88||8,488|
|13-May-16||British Airways Executive Club||£31.25||3,125|
|10-Jun-16||British Airways Executive Club||£33.67||3,367|
|25-Jun-16||British Airways Executive Club||£7.83||783|
|18-Jul-16||British Airways Executive Club||£40.06||4,006|
|15-Aug-16||British Airways Executive Club||£36.13||3,613|
|04-Apr-16||Tesco Clubcard||500 points||1,200|
|23-May-16||Tesco Clubcard||769 points||1,800|
Firstly £371.67 converted into 37,167 British Airways AVIOS. The rest transferred to Tesco Clubcard resulting in 1,269 Clubcard points. I then converted these points into British Airways Executive Club points at the rate of 250 Tesco Clubcard points to 600 British Airways AVIOS. I thus earned an extra 3,000 AVIOS in this way.
The earnings rate per pound for these options works out at 240 per £1 for a conversion via Tesco Clubcard (woo hoo!) and 100 per £1 for a direct conversion to British Airways. Clearly the latter is much more attractive but Tesco being spoilsports limited the amount that could be converted to £50 in cashback and have now ended their relationship with Top Cashback.
What if I was to simply take the cashback and purchase AVIOS?
So how does this compare with what I could buy with my £376.70? Would I be better off simply taking the money and buying my own AVIOS?
Hell no! Based on rates as at September 2016, this would buy me just 22,000 Avios for £367. OK so I have £9.70 leftover for a trip to Starbucks but alas I am 18,000 AVIOS worse off.
It’s fair to say that hands down then, you are better off converting your cashback directly to airmiles and not taking your cash to purchase AVIOS.
Or you could obviously go ahead and run with the cash to fund your spending on your next trip. That will certainly fund a few cocktails!
How does Top Cashback work?
If you are unfamiliar with Top Cashback, how to earn more AVIOS quickly with Top Cashback gives you the lowdown whilst this post considers how shopping can be rewarding (coming from a girl who hates shopping, unless it involves a trip to a foreign destination!). I know, weird right?!
If you haven’t yet signed up and that’s enough to whet your appetite, go ahead and sign up here.
Perhaps you have used Top Cashback or another cashback scheme and have some insight to share with us. We would love to hear from you in the comments below.
Pin this for later:
This post may contain affiliate links which pay me a small commission should you click on them and make a purchase. These help towards the cost of running the site, and the occasional glass of wine, but you are under no obligation to use them.