If you wanted to get through life without spending any money you probably would not make it very far.
Let me explain what Ibotta is about (and why it’s awesome).
What is Ibotta?
The idea behind Ibotta is pretty simple:
Ibotta is a shopping app where you can earn cash back on purchases from your favorite stores and online when you shop for pretty much anything (groceries, clothing, travel and more).
They paid back more than $575M to their savers and counting. Ibotta works with 300+ retailers in many categories (travel, food, clothes, eCommerce,…).
By using the app you have money back that you can later withdraw with Venmo, Paypal or through Gift Cards.
How does it work?
2) Pick Your Favorite Stores.
It’s pretty dynamic. You search and filter by categories such as groceries, retailers, restaurants, ect. The best way to make serious money with iBotta is to add the stores you already go to. This way you can easily find deals at the places you love.
3) Select the offers you want.
This may require you to complete a short activity as answering a poll question or discover a new recipe.
Finally, after shopping gets cash back in your account by selecting “redeem” in the app, upload your receipt then wait 24h to get the cash transferred to your account.
You can also link your loyalty account to avoid the last step. When your loyalty account is linked to Ibotta you don’t have to upload your receipt and cash back automatically on added offers. It’s super easy, at the check-out scan your card or enter your phone number as you do normally.
Also, it works for all your favorite places to shop online. Browse and find offers in the online shopping category. Shop by the Ibotta portal and just let the sweet sweet cash back start piling up!
Does it work?
Short Answer: Yes.
Long Answer: Absolutely.
Ibotta is very friendly to use. Before shopping, search for the offers and add them. It’s like making a shopping list.
When I tried the app before making the review, I added offers on things I usually buy and just like that I got $9.20 cash back! It’s so easy. For an app where all you need to do is add offers and start shopping, it’s an amazing way to make more from your money without having to spend too much time. Imagine how much you can save in a year. At most it takes me 20 minutes to add all the offers, but it normally takes around 5 minutes. You can search available offers on the items you want to purchase or search offers by stores (which I would recommend).
The secret to getting savings is to follow your plan and only take offers on the products you planned to buy (it’s really easy to be tempted by all the offers). Look for what you need regardless of how great all the offers look!
There are a lot of cash-back and shopping apps out there, but iBotta really differentiates itself by having what seems like the largest selection of products and brands. It’s easier to use a single cash-back app than to mix and match. So if you have to pick one, this is it.
Advantages and Drawbacks of Ibotta.
What I like with Ibotta:
1) Other ways to make money.
- You can earn money by referring others. When your friends sign-up and use your referral code you get $5 when they redeem a qualifying offer. There is no limit $ for a referral to others.
- Sign-up bonuses. Sometimes Ibotta will run sign-up bonuses (most of the time a $10 bonus! *3 fire emojis*).
2) Random Coupon Bonuses.
- Sometimes Ibotta will also run random bonus coupons as 5 cents add for each article on the receipt. It seems nothing but it will add up every time!
3) Nearly unlimited options.
- Ibotta offers aren’t only for grocery stores. You can find offers for clothes, online commerce, and even restaurants and travel!
4) Easy to use.
- Ibotta is extremely user-friendly, add all the offers before shopping takes me at most 20 minutes for $9.20 cash back! Worth it!
Something else I really liked with Ibotta, is you got many options for cash-out. Gift cards are available (Amazon, Walmart, Whole Food, iTunes,…) or you can withdraw on Paypal, Venmo (at least $20).
Unlike many shopping apps, Ibotta has offers on products that you usually purchase. This makes a huge difference! With Ibotta you make cash back on products that you need and don’t have to buy unnecessary stuff just to reap those cash back rewards. That’s the big difference with other shopping apps and what makes Ibotta a good app to save money.
What could be improved by Ibotta:
Mobile shopping is only available through Ibotta Portal.
Personally, I don’t really like to shop through portals, Ibotta’s portal is pretty great when it comes to portals, but sometimes these can present some real issues.
$20 minimum to cash-out with PayPal.
You need to have at least $20 on your Ibotta account to cash out. Depending on how much you shop, it can take a while to earn $20.
To conclude, Ibotta is definitely a great app to make cashback.
It’s a really user friendly app and it’s great way to earn more cash back just from shopping for products you that you needed to buy anyways. Add offers before shopping, scan your receipt and wait for that cold hard cash-back. With Ibotta make money back while you spending it, earning cash-back has never been so easy!
If you want to save money and you don’t mind taking a few minutes before shopping looking for offers, Ibotta is made for you!
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