The ideal cash back apps are those which offer multiple retailers you regularly shop at and with a low minimum redemption amount, enabling you to access or redeem for gift cards sooner rather than later.
Most cash back apps work by enabling users to scan receipts to earn rewards in cash form, including Ibotta, Receipt Hog and Fetch Rewards – some of which have become very popular over time – which often enable grocery purchases but now also cover purchases at many other retailers as well. They’re easy and don’t require separate apps or browser extensions but may take some time uploading all your receipts.
Other ways of earning cash back include credit cards that offer cash back rates on all purchases or specific categories of items (for instance 5% back on groceries and 2% on gas purchases). You can get these credits instantly as statement credits that lower your card balance or have them directly deposited into your bank account or sent as checks; some cards allow you to redeem rewards as soon as they reach certain thresholds while others let you wait until enough rewards accumulate to make that purchase you’ve been wanting to make.
Some cards even allow you to convert cash back rewards into loyalty points that can be redeemed for other items like travel and electronics, allowing you to keep using one credit card for everyday purchases while saving others for vacations or more expensive purchases.