Sprive Prize Draw Explained: How to Enter and What You Win

Last updated: 11 August 2026. I checked every Sprive prize draw rule below against sprive.com on 10 August 2026.

By Stiv · Design, technology and personal finance

I have run Sprive alongside my Nationwide mortgage since October 2021, pushing £100 a month into overpayments through the app. That is heading for five years of daily use, so what follows comes from the app and the terms rather than a press release.

This article contains affiliate or referral links. If you click through and sign up I may earn a commission or referral bonus at no extra cost to you. It does not affect my editorial view.

This is not financial advice. It is a personal account of how three promotions work, so please check the current terms yourself before relying on anything here.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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Now for the short version. Three draws are running right now, and none of them reward overpaying. The headline one rewards referrals. A second, much quieter draw pays somebody's whole next mortgage payment every week. A third, closing on 31 August, dangles £10,000 for buying a takeaway.

What the Sprive prize draw actually is

First, the correction, because plenty of sites get this wrong. The Sprive prize draw does not reward overpayments. It rewards referrals. Specifically, you earn an entry when a friend you invited completes their first shop in the app.

Signing up is not enough on its own. Your friend has to buy a gift card through Sprive before your entry counts. If they register and then stall, Sprive says the entry simply rolls into a future draw once that first shop happens.

There are also three separate draws running at once, which is where most of the confusion starts. One rewards referrals. One is for brand new users. One runs through Just Eat until the end of August. They have different entry rules and wildly different prizes.

Draw one: the referral prize draw

This one runs weekly until further notice. Entries close at 23:59 on Sundays, and you claim your prize in the app on Monday.

The weekly prize table is unusually generous on paper. According to Sprive's referral prize draw terms, each week hands out 1 x £2,000, 1 x £250 and 1 x £100. After that, "Everyone else wins £5 multiplied by the number of referrals they made."

So yes, everyone who enters wins something. That is genuinely unusual for a prize draw. However, the fourth line of that table is where almost everyone lands.

The terms cap you at 10 entries. They also say multiple referrals in a single week still produce only one prize, and that participants may only win once. Refunded or cancelled purchases can invalidate an entry too, so a friend who buys a gift card and then cancels may cost you your place.

Draw two: your next mortgage payment, paid

This second draw is the one worth knowing about, and it is far easier to enter. You download Sprive, register, and do a single shop through the app. That is it. One entry per account.

The prize is your next mortgage payment, paid by Sprive and capped at £5,000. Sprive draws one winner every Monday. Per the next mortgage payment prize draw terms, the campaign went live at 1pm on Monday 2 February 2026 and ends at 23:59 on Sunday 3 January 2027. Draws run from 9 February 2026 to 4 January 2027.

Crucially, this one is new users only. If you have ever held a Sprive account, you cannot enter. Winners get seven days to respond before Sprive may redraw.

Draw three: £10,000 towards your mortgage, via Just Eat

The third draw is the loudest and the shortest lived. It arrived in my app as a full-screen takeover, and it closes at the end of the month.

The mechanic is straightforward. Buy Just Eat gift cards through the Sprive app and each qualifying transaction of £5 or more earns one entry. The Sprive x Just Eat prize draw terms cap you at "a maximum of ten (10) entries per user, regardless of the number of orders placed".

One winner takes £10,000, "which will be credited to the winner's Sprive account so they can pay that toward their mortgage". The campaign runs from 00:00 on 1 August 2026 to 23:59 on 31 August 2026, with the draw on 1 September 2026. Winners then have 14 days to respond.

Notably, this draw is open to all UK residents aged 18 or over, not just new users. Ambassadors are not excluded either, so it is the one draw I can actually enter.

Here is where I would slow down, though. Ten entries means at least ten transactions of £5, so £50 of Just Eat credit as an absolute minimum. Unless you order takeaways anyway, that is real money spent chasing a single ticket. By contrast, if Just Eat already sits in your normal spending, the entries cost nothing extra and the usual cashback still applies. That is the only version of this that makes sense to me.

What "and a boost" actually means

Every prize in the referral terms is quoted oddly, as "£5 and a boost" or "£2,000 and a boost". Sprive never defines "a boost" anywhere in its published terms, which is a small transparency gap worth naming.

In my own app, though, a boost is an extra percentage added to the cashback on merchant gift cards. One recent boost lifted my Sainsbury's rate from 5.2% to 6.2%. There is also a "preview a boost" option on the Shop tab, so you can see the effect before committing.

That is my account rather than Sprive's, because Sprive does not publish a definition. Treat it as a modest top-up, not a second prize.

The honest arithmetic on the Sprive prize draw

Now for the maths, which is the whole reason this post exists. Sprive's own worked example is blunt: 10 referrals earns you £50 if you do not land a top prize.

Realistically, most people refer two or three friends. Therefore most people win £10 or £15. That is a nice surprise, but it is not a financial plan.

Set that against the app's core job. Sprive's own savings illustration is based on "£92 paid monthly as an overpayment on a repayment mortgage with a balance of £250,000 at 5% interest for 30 years". In other words, a typical draw win covers roughly a sixth of one month's overpayment.

Sprive also does not publish how many people enter each week. Consequently nobody outside the company can calculate the odds on that £2,000. Anyone quoting you a figure is guessing.

So my honest read is this. The draw is a pleasant extra for people already using the app. It is not a reason to start overpaying, and it is certainly not a reason to overpay faster. If you want the case for and against overpaying at all, we covered it in overpay your mortgage or invest.

The Ambassador rule, and why I am locked out

Here is the counter-intuitive bit. Sprive shuts Ambassadors out of the referral prize draw entirely. The terms define an Ambassador as "someone who has done 10+ total referrals since joining Sprive", and they move to a separate referral programme instead.

I am one of them. More than ten people have joined through my link over the years, so I cannot enter this draw at all. I still receive boosts, but the weekly prize table is closed to me.

Notice the tension in the rules, too. Entries are capped at 10, while exclusion kicks in at 10 or more lifetime referrals. Sprive does not spell out which limit bites first, and I am reporting that rather than guessing at it.

The practical effect is odd but clear. Succeed too well at referring people and the draw quietly stops being available to you.

Prizes go to your lender, not your pocket

This point catches people out, so it deserves its own heading. Prize money lands in your Sprive account, and from there it can only go to your mortgage lender. As the terms put it, prizes "can only be paid to your lender and can't be withdrawn to use as cash".

Winning £2,000 therefore knocks £2,000 off your mortgage balance. That is real money and it compounds nicely. Even so, it is not spending money, and you should not enter expecting cash.

The one partial exception sits in the second draw. If Sprive cannot make the mortgage payment, it pays the same value to your linked bank account instead, still capped at £5,000.

On safety, money sitting in the Sprive wallet is held by PrePay Technologies Limited (FRN 900010) and is safeguarded rather than FSCS protected. We explain that distinction properly in is Sprive safe.

Where Sprive's own site contradicts itself

Two small inconsistencies turned up during checking, and honesty beats tidiness here.

The FAQ names 16 lenders, from Nationwide and Halifax through to Leeds Building Society. Yet the download prompt on the same page says Sprive "supports 14 of the largest lenders". Count them yourself and you get 16.

Similarly, the site footer and terms name both Connect IFA Ltd and New Leaf Distribution Limited as principals, while the FAQ answer names only Connect IFA. We use the footer version, since it is the fuller one.

Who this suits, and who it does not

Anyone already using Sprive and naturally recommending it will find the referral draw a decent bonus. By comparison, anyone chasing the £2,000 headline will probably be disappointed.

New users have the better deal, frankly. One shop buys one entry into a draw for a full mortgage payment, and that requires no referring at all.

The Just Eat draw sits somewhere in between, and it closes on 31 August. Regular takeaway orderers get their entries for nothing. Everyone else would be spending at least £50 purely to enter, which rather defeats the point of an overpayment app.

Above all, treat overpaying as the point and the draw as the garnish. Before overpaying anything, Sprive's own FAQ makes the sensible case: "Before you start overpaying on your mortgage, it's important you have sufficient emergency funds and check that you have paid off more expensive debts first."

Also check your lender's annual allowance first. MoneyHelper notes that many lenders permit overpayments of up to 10% a year without penalty, and going over that can trigger an early repayment charge. Our guide to Sprive overpayment rules covers the detail, and the wider picture sits in our full Sprive review.

Sprive prize draw FAQs

Is the Sprive prize draw real?

Yes. Sprive publishes dated terms for all three draws on sprive.com, and the referral draw states that everyone who enters wins something. That said, most winnings are small, and none of it comes to you as cash.

How do you enter the Sprive prize draw?

For the referral draw, invite a friend with your code from the "Earn prizes" screen. Your entry lands once that friend completes their first shop in the app. For the next mortgage payment draw, you simply download Sprive as a new user and do one shop.

Does everyone really win something?

In the referral draw, yes. Once the £2,000, £250 and £100 prizes go out, everyone else receives £5 per referral. So three referrals returns £15.

How does the Sprive Just Eat £10,000 draw work?

Buy Just Eat gift cards through the Sprive app during August 2026. Each transaction of £5 or more earns one entry, up to ten entries. One winner receives £10,000 credited to their Sprive account for their mortgage, drawn on 1 September 2026.

Can you withdraw Sprive prize money as cash?

No. Prize money lands in your Sprive account, and from there it can only go to your mortgage lender. Shopping rewards work the same way, although you can still withdraw money you autosave yourself.

What is a Sprive Ambassador?

Someone with 10 or more total referrals since joining. Ambassadors move to a separate referral programme, so they lose access to the referral prize draw.

Is Sprive safe to use?

Sprive Limited is an appointed representative rather than a directly authorised firm. PrePay safeguards the wallet money rather than the FSCS protecting it. We go through the detail in is Sprive safe.

More from CoolCuration

Mortgage overpayment calculator - see what an extra £50 a month actually does to your term.
Sprive vs manual overpaying - whether the app beats a standing order to your lender.
Chip app referral code - the current sign-up offer on the autosaving app.
How does Sprive make money - who pays for a free app, and why that matters.
FYTA Beam plant sensor - a small gadget that stops you killing houseplants.

Terms, prizes and campaign dates change without notice, so always check the current terms on sprive.com before entering. Nothing here is financial advice, and you should consider speaking to a qualified mortgage adviser about your own circumstances. Sprive Limited (Financial Services Register number 919863) is an appointed representative of Connect IFA Ltd (FRN 441505) and New Leaf Distribution Limited (FRN 460421), not a directly authorised firm. CoolCuration is not authorised by the Financial Conduct Authority. This article contains affiliate or referral links. If you click through and sign up I may earn a commission or referral bonus at no extra cost to you. It does not affect my editorial view. Your home may be repossessed if you do not keep up repayments on your mortgage.

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