Donut jam is a cashback app with a difference. A difference that may have a huge impact in your bank balance.
Cashback sites at the moment are familiar to lots of us, actually a lot in order that the alternative is sort of overwhelming. They all do what they are saying on the tin. They reward users with money for purchases or services through a cashback website or app (often via a referral link). But normally we’ve to attend days or perhaps weeks (sometimes even months) to receive our rewards.
With JamDoughnut you get money immediately – literally as soon as your purchase is confirmed.
How great is that? Here at MoneyMagpa, we were so impressed that we decided to try it out for ourselves.
How it’s working?
1. Buy a present card
Unlike other cashback sites or referral apps, JamDoughnut gives you money back whenever you buy a present card or gift certificate for the shop or service you wish to buy from. So as an alternative of using a debit or bank card, you purchase a present card and use it This to finish your purchase. (There are 100 brands to pick from.)
You can use your gift card within the app, online or on the high street. You may also share or gift your gift card to another person. (The vital point, nevertheless, is that gift cards are non-refundable, so check before purchasing.)
2. EARN POINTS
Every time you purchase a present card, you earn points which are converted into money. These points are gathered in your JamDoughnut Jar (your wallet).
The variety of points you’ll be able to earn varies for every brand or store. It can range from 3% to twenty%. On average, it’s about 7-8% of the overall purchase. You can see exactly what percentage you’ll be able to earn under the icon for every brand.
You can shop at popular brands like Morrisons, Boots, Currys and Airbnb!
3. FILL YOUR WALLET
Your JamDoughnut wallet can also be called a jar. When you get to £10 or more, you’ll be able to withdraw money out of your wallet. It even tells you ways many more points it is advisable to earn to get to £10 which is incentive to maintain using the app.
It’s really that straightforward! Buy gift cards, earn points immediately, withdraw money (£10 or more) out of your wallet every time you wish.
OUR EXPERIENCE
Our intrepid client, Rach, gave it a try.
“The app is obtainable for iOS and Android. I actually have an Apple phone, so I looked for JamDoughnut within the app store, found it and not using a problem and downloaded it.
Then it is advisable to register. It took lower than a minute. There was no need for a password, just clicked on the link they sent to my email and the identical to my mobile number
I used to be then taken to a page that showed me all of the available shops, restaurants, etc. There are so many to pick from! It helps that they’re in categories equivalent to: Health & Fitness; House and garden; Shopping and Fashion; To go; Travel and vacation.
I recently moved so I tapped on “Home & Garden”. The app lists stores and web sites of every kind – from Bloom & Wild, B&M, B&Q, Ikea and Wayfair (to call a couple of).
While scrolling, I remembered that Sunday is Mother’s Day, so I believed I’d give Bloom & Wild a try. The very first thing that caught my attention was that as this was my first purchase, I used to be immediately rewarded with an additional or free 200 points which meant adding £2 to my wallet.
The instructions are clear and straightforward. Tap on “Secure Shopping”, enter the quantity I desired to spend and after payment I used to be sent a code to make use of online on the Bloom & Wild checkout. The app also clarified that anything I do not release will remain available for release at a later date.
I paid for my gift card with my checking account which was a straightforward click then confirmation. It ought to be noted, nevertheless, that you will receive less money – as much as 50% less – when you make a purchase order via Apple Pay as an alternative of using a checking account.
At the tip it said in daring that the cashback will probably be added to my JamDoughnut jar or wallet immediately. It has also been clarified that I can use other coupons and/or loyalty codes with my JamDoughnut code to maximise savings and discounts.
All in all, quite simple. I used to be impressed! I especially liked that after I clicked “buy securely”, the app told me exactly how much I’d earn for every amount available to spend on the gift card.
I do not really use other cashback sites as I often forget they’re there, but I will certainly use JamDoughnut again.”
OUR VERDICT
We consider that this is a superb approach to a proven approach to getting cash on purchases. Quite often we hear about individuals who have signed up for cashback sites but must wait an absurd period of time to reap the advantages. With JamDoughnut, you haven’t got to attend or do not forget that you owe a specific amount after which waste time chasing it or always checking if it has reached your account.
There is a very large collection of popular shops, restaurants and bars to pick from.
As our client came upon, using it is amazingly easy. We also checked out their reviews on TrustPilot they usually scored a really impressive 4.8 out of 5 with 93% of users rating it 5 stars.
We also found that their return policy was higher than buying a present card, so even when you’re buying as a present or refund, you are higher protected than that and their TrustPilot reviews we read show this.
Finally, we expect it may even be a implausible method to budget. You should buy an Asda gift card for £30, for instance, and that is your shopping budget. Not only does it allow you to stay on advantages, but you receives a commission for it! (Asda Gift Card gives you 3.4% or £1.02 for £30).
Click here for more information on the app and easy methods to download it to your phone.
Reservation: Money Magpie just isn’t a licensed financial advisor, subsequently the knowledge contained herein, including opinions, comments, suggestions or strategies, is for informational, entertainment or educational purposes only. This shouldn’t be taken as financial advice. Anyone pondering of investing should do their very own due diligence.
