Hi, I'm Jen! I'm a personal finance expert and money coach aiming to help you take control of your money. I went from being broke to a six-figure net worth and am now on track to be financially independent at age 40. Discover Jen's story
This Utility Warehouse cashback card review covers everything about this cashback opportunity. You’ll learn whether it’s legit and worth using, including its pros and cons.
I’ve made over £1000 from cashback over the years and am excited whenever I find a new opportunity. So, let me tell you what I think about this cashback card.
- Utility Warehouse Cashback Card
- What Is Utility Warehouse?
- Is Utility Warehouse Legit?
- How Does the Utility Warehouse Cashback Card Work?
- Utility Warehouse Cashback Card Fees
- What Partners Does Utility Warehouse Cashback Have?
- What Is the Card Limit of the Utility Warehouse Cashback Card?
- What Are the Pros and Cons of the Utility Warehouse Cashback Card?
- Frequently Asked Questions
- Is Utility Warehouse Cashback Card Worth It?
- Alternatives to UW Warehouse
- Utility Warehouse Cashback Card Review Summary
What Is Utility Warehouse?
Utility Warehouse is an energy supplier and service provider. Utility Warehouse bundles several utility bills at a lower price than other operators.
Another difference is that UW is a multi-level marketing scheme. Customers of Utility Warehouse get paid to recruit new customers.
Across its services, Utility Warehouse has over 800,000 customers. It is one of the biggest energy providers in the UK. Utility Warehouse belongs to Telecom Plus, which was established in 1996.
Utility Warehouse was founded in 2002 to cover its energy, broadband, and telephone services. The UW cashback card is issued by PSI-Pay Ltd.
Is Utility Warehouse Legit?
Utility Warehouse is legit and not a scam. It is a registered UK company regulated by the Financial Conduct Authority (FCA). On Trustpilot, Utility Warehouse has an average score of 4.2 out of 5.0. Overall, 78% of users rated Utility Warehouse as great or excellent.
What Is Trustpilot?
Overall, there are over 150 million reviews on Trustpilot. You can generally get a good understanding of the legitimacy and customer-friendliness of a company.
What Is Cashback?
Cashback means you get a proportion of the purchase price back when you buy something. For example, if you buy something for £10 and the cashback rate is 10%, you would get back £1. Cashback is often part of advertising. Read more about ways to earn money with cashback.
How Does the Utility Warehouse Cashback Card Work?
The cashback card is one of many products from Utility Warehouse. It is a prepaid VISA card you can top up and use for everyday spending. When you spend money with your cashback card, you earn up to 10% cashback at partner retailers and 1% elsewhere.
Utility Warehouse subtracts your cashback from your utility bill. This is not a new concept. For example, Sprive gives you cashback on your mortgage. Read more in my Sprive app review.
1. Signing up
You can get the cashback card if you have one of the following services with Utility Warehouse:
- Gas/Electricity
- Landline
- Broadband
You can then manage your cashback card via the Utility Warehouse app.
2. Topping up
You can top up your card manually or set up automatic top-ups. You can set top-ups to a specific date of the month or add money when your balance is low.
Utility Warehouse Cashback Card Fees
When signing up, you need to pay £5 for setting up your card. After this, you must pay a monthly fee of £2 to keep using the card. At a cashback rate of 1%, the first £200 you spend every month covers the fees of the card.
You save money by spending more than this or shopping at partners with higher cashback rates.
What Partners Does Utility Warehouse Cashback Have?
You can use your UW card at all retailers that accept payments via prepaid VISA. For these purchases, you will get 1% cashback.
Using your cashback card at a partnered retailer can earn you up to 10% extra cashback. (Most partners give 5%.) Popular partner retailers include:
| Retailer | Cashback |
|---|---|
| Boots | 3% |
| Caffee Nero | 5% |
| Debenhams | 5% |
| Pizza Express | 6% |
| Sainsbury’s | 3% |
What Is the Card Limit of the Utility Warehouse Cashback Card?
The Utility Warehouse cashback card does not have a card limit because it is a prepaid VISA card. However, you can only top up a maximum of £10,000. The maximum balance you can have is £20,000.
What Are the Pros and Cons of the Utility Warehouse Cashback Card?
Pros
- Can save money on bills
- No transaction fee for using the card
Cons
- Only for Utility Warehouse customers
- Few partner retailers
- Not free to use
Frequently Asked Questions
In What Shops Can I Use My Utility Warehouse Cashback Card?
You can use the cashback card in any shop. You’ll get 1% cashback at most stores. You’ll get higher cashback rates if you shop at UW’s partners.
Can I Use My Utility Warehouse Cashback Card at Aldi?
Yes, you can use your Utility Warehouse cashback card at Aldi. You’ll get 1% cashback.
Is Utility Warehouse Cashback Card Worth It?
The UW cashback card is worth it if you spend more than £200 per month with it. If there is a cheaper energy provider, you’ll also need to make up those costs.
Before getting the cashback card, you also need to consider that the card is prepaid. You’ll need to remember to top it up regularly. It is also not a bank account, so your money doesn’t have FSCS protection.
Alternatives to UW Warehouse
- JamDoughnut. With this app, you can earn cashback from supermarket shopping and other retailers. Read more in my JamDoughnut review.
- Cheddar App. Cheddar is a cashback app that also lets you transfer money. Read more in my Cheddar review.
Utility Warehouse Cashback Card Review Summary
The Utility Warehouse cashback card enables you to earn 1%-10% cashback on purchases. You’ll get this money off your energy bills.
This may sound like a good deal, but the cashback card has a monthly fee of £2. You must accumulate at least £2 cashback every month to break even. The cashback card will cost you if you stay below this amount. Thus, calculate beforehand if the card is worth it for you.
If you like this post, please help My Money Yard grow by sharing it with your friends.
