Last updated Jul. 30, 2024 by Okechukwu Nkemdirim
The Best Cash Back Apps of 2023
In the digital age, saving money has become more accessible than ever, thanks to the growing number of cash back apps. These apps allow you to earn cash back on your everyday purchases, whether you’re shopping online or in-store. With so many options available, it can be challenging to determine which app best suits your needs. We’ve compiled a list of the best cash back apps of 2023 to help you make an informed decision and maximize your savings.
1. Rakuten (formerly Ebates)
Rakuten is one of the most popular and highly rated cash back apps available. With partnerships with over 2,500 stores, Rakuten offers cashback on a wide range of products and services. The app is user-friendly, making it easy to browse and shop directly through Rakuten, ensuring you never miss a cash back opportunity. Additionally, Rakuten frequently offers double cash back promotions and bonuses for new users, enhancing your potential savings.
2. Honey
Honey, a browser extension turned app, not only provides cash back but also finds and applies the best coupon codes at checkout. It partners with thousands of online retailers, making it convenient for frequent online shoppers. Honey’s "Gold" points can be redeemed for cash back or gift cards, adding another layer of savings. The app’s user-friendly interface and valuable features make it a top contender for online shoppers looking to maximize their savings.
3. Ibotta
Ibotta is a versatile cash back app that offers rebates on groceries, clothing, travel, and more. By uploading your receipts or linking your store loyalty cards, you can earn cash back on your qualifying purchases. Ibotta frequently features partnership bonuses and teamwork challenges, allowing users to earn additional cash back through collaboration. With its extensive list of participating stores and straightforward process, Ibotta is an excellent choice for both in-store and online shoppers.
4. Dosh
Dosh stands out for its automatic cash back feature. By linking your debit or credit card to the app, you can earn cash back on qualifying purchases without having to upload receipts or redeem offers manually. Dosh partners with numerous retailers, restaurants, and travel companies, providing a wide range of cash back opportunities. The app also offers referral bonuses, making it easy to boost your savings by inviting friends and family to join.
5. Fetch Rewards
Fetch Rewards focuses primarily on grocery shopping but also includes other categories such as clothing and personal care. By scanning your receipts, you can accumulate points that can be redeemed for gift cards to popular retailers. Fetch Rewards frequently features special promotions and bonus point opportunities, allowing users to earn rewards faster. The app’s simplicity and broad range of participating stores make it an appealing choice for those looking to save on everyday items.
6. Swagbucks
Swagbucks is a multi-faceted platform that offers cash back on online purchases, as well as rewards for taking surveys, watching videos, and playing games. By earning Swagbucks points (SB), users can redeem their points for cash back or gift cards to major retailers. With its wide range of earning opportunities, Swagbucks is an excellent option for those looking to earn rewards beyond just shopping.
7. TopCashback
TopCashback claims to offer the highest cash back rates in the industry. It partners with thousands of retailers across various categories, providing users with ample opportunities to earn cash back. The app frequently features special promotions and higher cash back rates for select stores. TopCashback also offers a "payout bonus" when users choose to redeem their earnings as gift cards to certain retailers, allowing them to maximize their savings even further.
8. Checkout 51
Checkout 51 specializes in grocery rebates, allowing users to earn cash back on a variety of products by uploading their receipts. The app updates its offers weekly, providing fresh opportunities for savings. With its straightforward submission process and broad range of participating brands, Checkout 51 is a convenient option for grocery shoppers looking to save on their weekly purchases.
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<h3> ✓ Short Answer</h3>
<p>With numerous cash back apps available in 2023, top contenders like Rakuten, Ibotta, and Fetch Rewards offer substantial benefits. These apps allow users to earn cash back on everyday purchases through various methods, such as uploading receipts, linking store loyalty cards, or shopping through the app's interface.</p>
</div>9. Capital One Shopping
Formerly known as Wikibuy, Capital One Shopping is another robust cash back and money-saving tool. Primarily a browser extension, it helps users find better prices, discover coupon codes, and earn rewards on qualifying purchases. The app compares prices across multiple retailers in real-time, ensuring that users are always getting the best deal. Capital One Shopping’s ability to track price drops and provide price protection refunds makes it a valuable tool for savvy shoppers.
10. MyPoints
MyPoints is a versatile rewards program that offers cash back on online purchases, along with opportunities to earn points by taking surveys, watching videos, and more. Users can redeem their points for cash back, gift cards, or travel miles. With its diverse earning potential, MyPoints is an excellent choice for anyone looking to accumulate rewards through a variety of activities.
FAQs
Q: How do cash back apps work?
A: Cash back apps reward users with a percentage of their purchase amount when they shop through the app or upload receipts. This percentage is typically paid out in cash, gift cards, or points that can be redeemed for rewards.
Q: Are cash back apps safe to use?
A: Most cash back apps are safe to use, especially well-established ones like Rakuten and Ibotta. Always ensure you download apps from reputable sources and read reviews before using.
Q: Can I use multiple cash back apps for the same purchase?
A: It’s possible to use multiple cash back apps for the same purchase, but it depends on the store’s and the apps’ terms. For example, you could use a receipt-uploading app like Ibotta in combination with a card-linked app like Dosh.
Q: How do cash back apps make money?
A: Cash back apps earn commissions from retailers for directing traffic and sales to their websites. A portion of this commission is then shared with users as cash back.
Q: When do I receive my cash back?
A: The time it takes to receive cash back varies by app. Some apps pay out monthly, while others may take several weeks for the cash back to appear in your account.
Q: Do cash back apps have any fees?
A: Most cash back apps are free to use. However, some may charge fees for certain types of transactions or for cashing out earnings below a minimum threshold.
Q: Are cash back earnings taxable?
A: Cash back earnings are generally not considered taxable income because they are considered a rebate on purchases. However, if you receive significant earnings outside of purchases (like bonuses or referral rewards), it might be considered taxable. Always consult with a tax professional for specific advice.
