Simply by downloading a cash back app on your phone, you can take advantage of everyday purchases to earn cash back rewards programs and add up. While these rewards programs may only provide small returns at first, over time their benefits can add up, especially when combined with other ways of saving such as credit cards with cash back offers and budgeting tools.
Ibotta is an app and browser extension that lets users earn cash back on groceries, restaurants, travel and online purchases – the average Ibotta user typically makes between $10-20 every month, while more active users may even earn even more! Your earnings can then be redeemed either as PayPal deposits or gift cards.
Rakuten is another popular option, providing cash back for grocery stores, restaurants and online purchases made using your American Express, Mastercard or Visa credit or debit card at participating retailers. Their app and browser extension automatically detect eligible transactions made at these establishments when using an American Express credit or debit card, or you can manually activate offers on either computer or tablet device. They even feature additional merchant categories like home improvement stores, pharmacies and beauty supply shops – perfect for saving on everyday costs!
One way of earning extra cash is with a rewards checking account from a bank. For instance, Wells Fargo Active Cash credit card provides an annual fee-free option that offers 2% cash back for every purchase – this could come in handy when purchasing larger-ticket items like flat screen TVs or saving for future investments.