SIM Only deal 99p?

Curious123

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I came across this whilst looking to see if anyone gave a better deal then my current £5 for 250 minutes and 250mb with VM.

Shopping Basket | Mobile Phones Direct

On the surface it looks like you pay £15.99 a month and get an automatic £15 cash back. This seems to good to be true, is it too good to be true? Has anyone availed themselves with this one?
 
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