Interested in making up to £400+ from refer a friend schemes? Possibly a lot more if you recommend multiple friends to the same scheme, some of which pay £50-£100 a time.
Without even realising you might already be sitting on an ideal way to either reduce your house bills and or earn some decent extra cash, simply by recommending them to friends on social media.
Disclaimer: I’ve used refer a friend and some affiliate links within this post. This has no effect on the price you pay.
Recommend a Friend to Both Save and Make Money
Often with a refer a friend scheme, you and your friend can benefit in 2 ways.
Firstly you can both take advantage of a good refer a friend deal, saving and making you both money.
Secondly, you have the option of then referring your own friends for even more income.
We all have those friends who aren’t afraid to keep sharing their latest MLM offering on social media. So don’t be shy about mentioning any good deals you can offer to your friends and family, especially if the savings or rewards are quite large.
In some instances, you could be doing them a massive favour, such as saving them £200-300+ on their energy bills just for spending a few minutes switching energy providers.
Best Referral a Friend Schemes 2020
Below I’ve split the best current refer a friend schemes up into categories.
Please note: all referral schemes are subject to change at any time. If you spot any changes please feel free to let me know. Terms and conditions will apply to all these offers.
Household Bill Refer a Friend Schemes
If you run a household, chances are you could well be sitting on an opportunity that offers a recommend a friend scheme and giving you the chance to make some extra money and often save your friends and family money at the same time.
Igloo Energy – Refer a Friend and Get Paid £50 Each
If you pay your energy bills monthly then Igloo Energy is a great option for a number of reasons. Not only will you and your friend benefit from £50 each if they switch via your referral link, but it’s also highly likely both your energy bills will be cheaper too.
I was already on a half-decent tariff with Bulb and I was forecast to save a £200+ a year on my gas and electric bills and that didn’t include the cashback.
Just click through via my Igloo Energy £50 referral link to get a quote on your energy bills. If you like the quote and it’s cheaper than your current energy supplier go ahead with the switch and benefit £50 each.
At the time of writing Igloo Energy was one of the cheapest options on the MSE Cheap Energy Club comparison site I use. It was also rated a “Top Pick” and had 5 stars for customer service.
- One simple price tariff
- They pay you 3% interest on any balance in credit
- Simple and easy switch guaranteed
Once your account is open you can refer your own friends and start making £50 a time towards your monthly energy bills.
Here’s my full Igloo Energy review highlight the simplicity of the switching process. Literally takes minutes.
Sky Tv – Refer a Friend Get £75 each
As a Sky customer, you can invite friends to join and both receive £75 each in the form a Prepaid Mastercard.
If you would like a referral from myself feel free to message me on any of my social media channels or email me.
Virgin Media – Refer a Friend and Get Rewarded £50 Cash Each
Existing Virgin Media customers can introduce friends and both receive a £50 cash reward.
Find out more about Refer a Friend to Virgin Media.
Mobile Phone Referral Deals
With the kids all of the age to have mobile phones, as well as the adults of the households, mobile bills can soon add up. So take advantage of the many friend referral schemes available from mobile phone companies.
Giff Gaff – £5 payback for you and £5 credit for the friend
I use Giff Gaff for Sim Only deals on most of the mobile phones in my household. I’ve found them to offer great value.
If you would like to get started here’s my Giff Gaff referral.
You can convert the payback to credit, cash out via Paypal or donate to charity.
Find out more on the Giff Gaff spread page.
Three Mobile – £20 to £40 each
Three mobile offer a range of options and rewards for referring your friends.
- Pay monthly phones £80 (£40 each if you split)
- Sim only £40 (£20 each if you split)
- Mobile broadband £40 (£20 each if you split)
As part of the referral, the person referring can choose the split. Either keep it all, split 50/50 or give it all away.
If you would like a 50/50 referral please feel free to contact me or Dm me via social media profiles.
More on the Three Refer a friend scheme.
O2 – Tell a Friend £25 Amazon Voucher Each
Both receive a £25 Amazon voucher when you qualify for the tell a friend scheme referring a friend to buy a mobile phone, tablet or mobile broadband on O2 Refresh.
Vodafone £25 Amazon Voucher Each
Refer a friend to Vodafone on a Pay Monthly or SIM only contract over £10 a month and you’ll both get £25 in Amazon Vouchers
Money-Saving Cashback Apps
Cashback sites or apps are one of my favourite ways to save money. Primarily because they are so easy to use and the savings really do add up over time, often into the £00’s of pounds.
Sometimes you can even use them to actively make some extra cash. For example, getting £50 cashback for opening a bank account. Or if you do Matched Betting you can sometimes get cashback from a bookie or casino sign up offer in addition to the profit you make from the offer.
Both the main cashback sites offer Refer Friend deals, although the amounts change quite often. Currently at the time of writing they were:
Topcashback – Varies typically £5-£10
Topcashback is the site I use the most often, be sure to check out my Topcashback Review if you don’t already use it.
Topcashback – Once you’ve had your free account, click on “Account” and then “Tell a Friend”
Quidco – VariesTypically £7.50 -£10
Well worth having an account with in addition to a Topcashback account, as between them they almost always cover every opportunity and the best value offers available.
Quido – Login and loo for “Refer & Earn” in the menu. Currently its £10 each, sometimes its £7.50. Varies.
Your friend will have to use the cashback site and earn a small amount of cashback, around £5 for you to both qualify for the offer.
If you are new to cashback sites, and Quidco Review.
Money Making Referral Schemes
If you are looking for ways to make extra money in general, then these moneymakers might be of interest. Or you might already be signed up but not aware of the referral scheme.
Profit Accumulator – Refer a Friend and Earn £20 Each Referral + Friend Gets £20
I’m a huge fan of making extra money from side hustles.
One of my absolute favourite ways to make extra money is via Matched Betting. In short, its exploiting bookmaker and online casino offers for profit. These offer literally a hundred ways a day to make some extra money.
Profit Accumulator* is one of the leading Matched Betting subscription sites with thousands of members. They provide all the sign-up offers and daily reload offers to profit from. You can read my Profit Accumulator review to find out more.
Once you are a member they offer you the opportunity to refer friends for £20 per sign up. Your friend will benefit from discovering Matched Betting as a legit way to make extra money whenever they need to. All profits are tax-free too.
20 Cogs – £20 + 5% of their earnings
20 COGs is a one-off way to make extra money completing a range of competitions, surveys, web site sign-ups etc.
For every friend, you refer that completes all 20 COGs you will get £20 plus 5% of what they earn.
At the time of writing, my 20 Cogs link offers a £10 bonus to get started. It’s free to sign up and find out more about what it’s about.
Make sure you read my tips for getting started in my 20 Cogs review.
Oh My Dosh £5 & friend gets £2
Oh My Dosh is very similar to 20 COGS (above), but you can earn money per individual task you complete.
You can start your friend off with a £2 referral and earn £5 in the process.
To find out more read my Oh My Dosh review.
Swagbucks – 300SB & 10 of earnings
Swagbucks is a money-making site that pays users for all kinds of easy tasks. From completing a survey, being rewarded searches or offering cashback and lots more.
It’s not a massive earner, but it’s one of the most popular of it’s kind.
For friends that you refer, you can earn 300 SB (Swagbucks) and 10% of their earnings.
Peer to Peer Lending
Peer to peer lending companies act as a kind of loan matching exchange. They accept money from investors, who’s funds are then lent out to businesses.
Zopa – £50 & £50 for friend
Launching in 2005 Zopa was the first Peer to Peer companies. They remain one of the most well known and respected with an outstanding reputation with a 4.9 review score on Trustpilot with 92% of reviews rating them “Excellent” and 5% “Great” which is one of the best I’ve seen for any company, let alone one with over 14,000 reviews.
You can earn £50 per friend you refer that goes on to invest £2000 and earn an expected rate of interest in the region of 3-4%, which certainly beats a bank
Zopa is regulated by the Financial Conduct Authority (FSA) but your funds are not protected by the Financial Services Compensation Scheme (FSCS).
You can claim your claim your £50 Zopa referral here.
Banking Refer a Friend Schemes
Making money from Bank switching in its own right is a way to actively make extra money. I’ve made a good few hundred pounds over the years.
However, in addition to common bank switching options are bank refer a friend scheme.
Currently, due to pandemic, the best bank referral bonuses are currently paused.
However, ones worth looking out for, for when things hopefully change for the better are:
- Nationwide Refer a Friend – each receives £100. Plus refer up to 5 friends a year.
- TSB £75 to £100
Free Shares Refer A Friend Schemes
There’s a new breed of share dealing apps that offer you the opportunity to buy and sell shares with no trading fees. This is huge because over time these fees can really eat into your overall investment returns.
They also offer other advantages:
- Fee-free share dealing
- To get started buying really smallholdings
- Offers the option to buy fractional shares in companies you might not otherwise be able to afford, e.g the Tesla when the share price is U.S$ 800 or Warren Buffets Berkshire Hathaway U.S$ 273,844 per share.
Some of the shares pay dividends, so if you keep the shares you’ll periodically get small extra payments.
Freetrade – Free Each Share up to £200
For more info see my Freetrade Review (Message me if you’d like an invite for a free share)
Trading 212 – Free Share up to £100
My Trading212 Review – includes referral links within the post to or feel free to message me.
My highest so far has been a share in Nike worth over £76.
As you can see these range of refer a friend bonus schemes offer the potential for either direct savings on your bills or a decent direct income.
Do you know of any other good friend referral schemes?
If so, please feel free to share details in the comments.