Sprive is a cashback app with a twist! Instead of the cashback being paid into your bank account it gets sent to your mortgage provider as an overpayment instead! But is Sprive legit? Let’s explore…
Sprive is a completely FREE app designed to help people overpay their mortgage in a really simple way. Through cashback from buying vouchers.
It gamifies overpaying your mortgage with fun calculators, challenges and boosted offers.
Sign up to Sprive with code SAVVYS5 to get a £5 bonus when you buy your first voucher through the app!
How does it work?
Sprive works in the same way as other cashback providers in that they receive a kickback for referring you to a retailer and share that kickback with you in the form of cashback. Just like other voucher cashback offers such as TopGiftCards and JamDoughnut, cashback on vouchers is instant and doesn’t need to go through retailer checks as you are purchasing the voucher directly off them.
However, with Sprive, you connect your mortgage provider to the app when you sign up so your cashback can be automatically sent to them. This is the twist!
Overpaying your mortgage with your food shop
Alongside lots of other brands, most of the main supermarkets are on Sprive. Meaning you can get cashback on your food shopping. That’s money back from the food shopping you’re already buying every week.
Say you spend £100 per week on your food shop and get 2.5% back through Sprive. That’s £10 back each month for money you were already planning on spending. It’s a no-brainer to me.
Is it worth it?
Yes! The small amounts really do add up. A £20 overpayment a month can save you over £6000 in mortgage interest plus shorten your mortgage term by 9 months.
Do I have to send the cashback to my mortgage?
Whilst the Sprive app is designed for users to send the cashback directly to their mortgage, you do have the option to withdraw it direct to your bank account. Making it a great option for people who like flexibility.
Is Sprive legit?
Yes, Sprive is legit and is currently being used by thousands of homeowners to overpay their mortgage. It is authorised by the FCA (Financial Conduct Authority) and regulated.
Do I need a mortgage to join?
Yes, you do need a mortgage to join. Sprive is designed to help homeowners pay down their mortgage faster with their everyday shopping. If you don’t have a mortgage but still want to get rewarded for your everyday spending, there are lots of other cashback sites out there to join.
Check out JamDoughnut if you want to earn on vouchers like with Sprive or TopCashback for cashback from your online shopping.
How do I join?
The Sprive app is available on both Android and IOS. According to Sprive it takes the average user just 3 minutes to sign up and get started!
- Sign up to Sprive with code SAVVYS5 – gets you a £5 bonus on your first gift card purchase!
- Select your mortgage lender – they work with Nationwide, First Direct, HSBC, Lloyds, Barclays, Santander, RBS, Virgin Money, Halifax, Natwest, Yorkshire Building Society and TSB Bank.
- Verify your email
- Link your bank account – so they can verify your identity and you get to use additional features like auto-save.
- Fill in your details
- Confirm your mortgage
- Set up an overpayment limit if you want to use auto-save – you can turn this feature off it you just want to use it for cashback offers.
- Hit done and start overpaying your mortgage with your everyday spending!
Ready to get started overpaying your mortgage with Sprive. Click here to sign up!
