Is cash back really a thing? In this article, we talk about what a cashback app is, its risks and benefits, and the best cashback apps of 2022.
What Is A Cashback App?
A cashback app is a type of rewards program that gives you money back for shopping at certain stores.
For example, if you shop at Walmart through a cashback app, you may get 1% of your purchase back in the form of a rebate.
Cashback apps are a great way to save money on your everyday shopping.
How Do Cashback Apps Work?
There are many types of cashback apps, but they all essentially work the same way.
First, you download the app from your phone’s app store. Most cashback apps are available for both Apple and Android users.
You link the app to your credit or debit card. When you make a purchase at a participating store, the app will automatically give back a percentage of the purchase price in the form of cashback.
The amount of cashback varies depending on the store and the app, but it typically ranges from 1-5%.
Some apps also have bonus offers for specific stores or items, which can give you even more cashback.
What Are The Best Cashback Apps?
The best cashback apps usually give you a percentage of your purchase back in the form of cash or points.
For example, if you spend $100 at a store, you might get $5 back in cash or 500 points. Some apps also have bonus offers, like getting double points if you shop at a certain store on a certain day.
The best cashback apps are the ones that give you the most money back on your purchases, so it’s important to compare different apps before you decide which one to use.
You should also read the terms and conditions carefully so you know exactly how the app works and what you need to do to get your cashback.
Top 10 Cashback Apps of 2022
With a lot of cashback apps out there, these are the ten best of 2022:
- Ibotta
The Ibotta app helps you save money on your groceries. When you go to your local grocery store, you can use the app to find special offers on products.
For example, you might find an offer for $1 off a bag of chips. To get the offer, you just have to take a picture of your receipt with the app.
Then, the money will be deposited into your Ibotta account. You can cash out your account balance anytime you want by PayPal or Venmo.
- Rakuten
Rakuten is one of the largest e-commerce companies in Japan and is often referred to as the “Amazon of Japan.”
.Rakuten allows customers to earn points, called Rakuten Super Points, when they make purchases on the Rakuten website.
Customers can then use their Rakuten Super Points to get discounts on future purchases.
The Rakuten app also has a loyalty program called Rakuten Rewards, which allows customers to earn points at certain Rakuten-affiliated stores.
Rakuten Rewards points can be redeemed for cash back, gift cards, and other prizes.
- Swagbucks
Swagbucks is a website where you can earn points (called “SB”) by doing various activities such as taking surveys, watching videos, and shopping online.
You can then redeem your SB for gift cards to popular retailers such as Amazon, Walmart, and Starbucks.
- Dosh
The Dosh app gives you money back for the things you buy. You just need to link your credit or debit card to the app and then start shopping.
Every time you shop at a participating store, you’ll get a percentage of your purchase back in cash.
You can then withdraw the cash to your bank account or use it to shop at participating stores.
- Earnin
Earnin is a great way to get cash back on your everyday purchases.
All you need to do is download the app and sign up for an account. Then, whenever you make a purchase at a participating store, you’ll earn cashback.
The cashback will be deposited into your Earnin account, and you can use it to pay for future purchases or withdraw it as cash.
- Drop
When you link your credit or debit card to the Drop cashback app, it will track your purchases and give you cash back on certain items.
You can also earn rewards for completing certain tasks, such as taking surveys or watching videos. The cashback you earn can be redeemed for gift cards or PayPal cash.
- Shopkick
You can link your credit or debit card to the Shopkick app, and then whenever you shop at a participating store, you’ll get a certain amount of money back.
The amount you get back varies depending on the store, but it’s usually a few dollars. You can then use that money to buy things at other stores, or you can withdraw it from your account.
- Trunow
Trunow is a cashback app that gives you money back on every purchase you make at participating gas stations.
All you have to do is download the app, sign up, and start using it every time you fill up your gas tank.
Trunow will automatically keep track of your gas purchases and give you cash back based on the amount you spend.
The more you use Trunow, the more cash back you’ll earn.
- TopCashback
You can use TopCashback to get money back on almost anything you buy online, from clothes to groceries to electronics.
To use TopCashback, first you need to sign up for a free account. Then, whenever you shop online, just go to TopCashback first and find the store you want to shop at.
TopCashback will then give you a percentage of your purchase back in the form of cashback.
You can either have the cashback deposited into your bank account, or you can choose to get it as a gift card.
Either way, using TopCashback is a great way to save money on your online shopping.
- MyPoints
MyPoints is a cashback app that allows you to earn points for shopping at your favorite stores. You can then redeem your points for gift cards or cash.
To use MyPoints, first you need to download the app and create an account. Then, you can browse the available offers and choose which ones you want to take advantage of.
When you shop at a participating store, you’ll need to link your MyPoints account to your store loyalty card or account. Once you’ve done that, you’ll start earning points for your purchases.
You can redeem your points for gift cards or cash.
To redeem your points for a gift card, simply choose the gift card you want and the amount you want to redeem.
To redeem your points for cash, you’ll need to have at least 1,000 points in your account. Once you have enough points, you can request a payout through PayPal.
These apps all work differently, but the basic idea is that you earn cash back on things that you purchase.
Sometimes you have to link your credit or debit card to the app, and sometimes you just have to take a picture of your receipt.
It’s a great way to save money on things that you were going to buy anyway!
What Are The Best Ways To Use A Cashback App?
You can use it to earn cash back on things you purchase, or you can use it to get discounts on things you purchase.
You can also use it to earn points that you can use to get discounts on future purchases.
What Are The Benefits Of Using A Cashback App?
First, you save money on your everyday purchases. You can use coupons to get discounts on items that you would normally buy anyway.
These coupons can help you get free items or even free shipping on your purchases.
Second, cashback apps are like rewards apps. They let you earn rewards that can be used for future purchases.
They work by giving you a percentage of your purchase back in the form of cash or points that can be redeemed for gift cards or other prizes.
If you’re looking to earn some extra cash back, then using a cashback app is a great way to do it.
Just be sure to read the terms and conditions of each app before you start using it so that you know how it works and what you need to do to get the cashback.
Finally, cashback apps are a great way to support your favorite stores and businesses. Use them to get cash back on your everyday purchases or to get discounts on specific items or services.
There are many different cashback apps available, so it’s important to choose one that best suits your needs.
What Are the Risks in Using Cashback Apps?
There are a few risks to using cashback apps.
Some of these apps require you to link your credit or debit card to the app in order to get cashback. If the app is hacked, your financial information could be compromised.
Another risk is that some of these apps may not be legitimate and could be scams. If you’re not careful, you could lose money instead of earning it.
Lastly, even if an app is legitimate, there’s no guarantee that you’ll actually get cash back.
Some apps have a minimum amount you need to spend before you can cash out. Others only give cash back on certain items.
So, it’s important to read the fine print and understand the terms and conditions before you start using a cashback app.
How Do I Find The Best Cashback App For Me?
There are a few things to consider when finding the best cashback app for you.
The first is the type of shopper you are. If you are a casual shopper, you may not need an app that offers a lot of cashback.
However, if you shop on a regular basis, you may want an app that offers more cash back.
Another thing to consider is the type of store you shop at. If you only shop at a few stores, you may not need an app that offers cash back.
But if you shop at a lot of different stores, you may want an app that offers cash back, so you can treat your cashback app like a savings app that earns you money for future purchases.
Finally, you should consider how easy the app is to use. Some apps are more complicated than others. If you are not very tech-savvy, you may want an app that is easier to use.
Once you consider all of these things, you should be able to find the best cashback app for you.
What Else Do I Need To Know About Cashback Apps?
There are a few things to keep in mind when using cashback apps.
Make sure you are using a reputable app. There are many scams out there, so do your research to make sure you are using a legitimate app.
Second, read the terms and conditions of each offer carefully. Some offers may have restrictions, such as only being valid on certain days or only at certain stores.
Make sure you understand the offer before you try to redeem it.
Finally, remember that you usually have to reach a certain amount of cashback before you can withdraw it from the app.
The amount can vary, so be sure to check before you start trying to earn cash back.
Conclusion
Cashback apps are a great way to enjoy your money even while you shop. You can choose among the many cashback apps that suit your needs. But like all apps, there are both risks and benefits, so always remember to read the terms and conditions before you sign up.