British shoppers hunting for Christmas gifts have a new way to boost their budgets this festive season. A cashback scheme offered through the Sprive app is providing significant returns at major high street retailers, with the potential to add an extra £15 to household finances.
How the Sprive Cashback Scheme Works
The Sprive app allows users to earn cashback on their everyday spending at a wide range of well-known shops and restaurants. Unlike traditional cashback programmes, the funds earned are specifically designed to be used for overpaying your mortgage. This clever approach means the savings are compounded, as each mortgage overpayment reduces the total interest owed over the long term.
With the average UK family expected to spend around £300 on Christmas presents, making those purchases through Sprive can yield tangible benefits. At retailers offering a minimum of 5% cashback, that £300 spend translates directly into a £15 bonus. Many participating brands offer even higher rates, providing greater potential savings.
Full List of High-Cashback Retailers
Sprive has identified 28 major chains where shoppers can earn 5% cashback or more. The top-paying retailers include experiences, fashion, and dining outlets perfect for festive shopping.
Top cashback rates are available at:
- Red Letter Days - 14% cashback
- Naked Wines - 11.5%
- Harvester - 10%
- Miller & Carter - 10%
- The Restaurant Card - 10%
- Pizza Hut - 9%
- Adidas - 8%
- Cineworld UK - 8%
- Foot Locker - 8%
- JD Sports - 8%
- Not on The High Street - 8%
- Pizza Express - 8%
- Spabreaks.com - 8%
- New Look - 7%
- Matalan - 6.5%
- asos - 6%
- Boohoo.com - 6%
- Boohooman - 6%
- Caffè Nero - 6%
- Costa Coffee - 6%
- Greggs - 6%
- London Theatre Direct - 6%
- Starbucks - 6%
- Wayfair UK - 6%
- Clarks - 5.5%
- TripGift - 5.5%
- Superdry - 5%
- Liberty - 5%
The app also provides cashback at supermarkets including Morrisons and Waitrose, making it useful for the festive food shop as well as gift buying.
Making Your Christmas Spending Work Harder
Jinesh Vohra, CEO of Sprive, commented on the scheme's benefits for homeowners. "As a homeowner, if you want more value from your festive spending, it's worth doing your shopping and eating out through Sprive," he said. "Cashback that goes towards your mortgage saves you far more because every overpayment reduces the interest you owe."
He advised shoppers to check the cashback rates in the app before purchasing to identify where they can earn the most. This simple step can make Christmas spending work significantly harder for families across the UK, turning necessary festive outlays into a smart financial decision that benefits their future.
