Ibotta is an app everyone should have. According to a Gallup poll, Americans spend $151 on groceries per week. Ibotta can help you put some of that cash back in your wallet.
The best part is, you get a $10 bonus when you scan your first receipt.
Direct Link To Download App (promo code cvhjpqm for $10 bonus)
What Is Ibotta?
Ibotta is an app and website that allows you to earn cash back on products you purchase. It was originally designed to pay you for scanning grocery receipts. Now the app also pays you to shop online, scan receipts from stores and link your loyalty card.
How Does It Work?
Using Ibotta is pretty easy. There are several features that allow you to earn cash back.
- Taking a picture of your receipt
- Mobile in-app purchases
- Referring friends
- Linking a loyalty card
- Teamwork
First you need to download the Ibotta app here use promo code cvhjpqm. It take about 15 seconds to sign up. The app uses your GPS to locate stores around you. Pick your favorite stores and browse the app. Before you go to the store, “unlock” the rebate of the item you are going to purchase. When you get home, click “Redeem” and take a picture of the receipt in the app. Within 24 hours, your account is credited with the rebate. Click here for detailed instructions on how to sign up with Ibotta.
How Do I Earn?
Taking a picture of your receipt
As mentioned earlier, you can earn cash back for “unlocking” offers on products and scanning your receipt. The cash back amount for each product varies. On my first trip, I earned $12.75 ($10 Welcome Bonus & $2.75 product cash back) for buying a loaf of bread and eggs. Cash back is credited within 48 hours after you can your receipt.
Mobile in-app purchases
You can also shop stores within the app. For example, if you need to take an Uber, open your Ibotta app, click Uber and request your Uber through the Ibotta app. You will earn $1 cash back for each Uber ride.
Referring friends
Ibotta has a referral program that pays you when you refer your friends. They get $10 after they redeem an offer and you get $5.
Linking a loyalty card
This is the easiest way to get cash back. Choose one of the preferred partners and connect your store loyalty card. Unlock the offer in the app and go shopping using your loyalty card. The offer will be redeemed automatically. The cash back will be credited to your Ibotta account within 48 hours.
Teamwork
Ibotta gives you the opportunity to join teams. If you are apart of a team, you can earn teamwork bonuses. Your team has to redeem a certain number of offers to earn bonus cash. You can earn an extra $1 for every $10 worth of offers your team redeems.
How Does Ibotta Pay?
Once you reach a minimum balance of $20, you can cash out via PayPal or Venmo. You can also redeem cash for gift cards. You can get gift cards for Kohls, Sephora, Amazon, Best Buy, etc.
How Does Ibotta Make Money?
Ibotta makes money when you purchase products. They collect the information on your receipts and purchased for market research. They sell this data to companies so those companies can improve their products, services and prices. All this data is completely anonymous. They do not sell any of your personal information or your credit or debit card numbers.
Pros & Cons of Ibotta
Pros
- Free to register
- No need to clip coupons. However, you can maximize your savings by using coupons.
- Earn cash back scanning receipts
- $10 bonus when you register with promo code cvhjpqm and scan your first receipt
- Earn extra money referring friends
- Plenty of payout options
Cons
- You only have 1 week to scan your receipt from the date of purchase
- $20 minimum cash out
- Not available through all retailers
- May take up to 48 hours to receive credit for offers
How Can I Get Started With Ibotta?
Getting started with Ibotta is pretty easy. You can register for Ibotta for FREE by clicking this link here. Enter the promo code cvhjpqm to receive a $10 welcome bonus after scanning your first receipt. You can register with your email or Facebook.
Get detailed instructions on how to register for Ibotta by clicking this link here.
Final Thoughts…
Ibotta is a great app to have especially when grocery shopping. It’s great because it’s easy to use and you don’t have to enter your credit card information like other apps.
Similar Apps
There are plenty of other apps that offer cash back. Below is a list of a few.
Dosh
- Registration Bonus: $5 bonus when you use this link and link your credit or debit card
- Join Dosh
Dosh is a cash back app that pays you cash back when you use a linked debit or credit card. There’s no scanning, no surveys, etc. Login to the app to see what stores or restaurants offer cash back. That’s it!
Drop
- Registration Bonus: Get 1000 Drop Points with code ivflr
- Join Drop
Drop is very similar to Dosh. Link your credit or debit card to the app and earn points for gift cards each time you make a purchase with that card.
Shopkick
- Registration Bonus: 250 points with code SALE870163 and walk-in your first store or scan your first item
- Join Shopkick
Shopkick is a free app that gives you the ability to earn points for gift cards just from walking in stores and scanning products. They also offer cash back on purchases.
