Have you heard about Ibotta? It’s a really cool app that can help you save money while shopping. We’ve been using it for a while now, and we thought we’d share our experience with you. Let’s dive into the details of our Ibotta Review and see if it’s worth your time.
Table of Contents
What is Ibotta?
Ibotta is a free mobile app that gives you cashback on everyday purchases, both in-store and online. Originally, it focused on groceries, but now it includes a wide range of retailers.
How Does Ibotta Work?
Using Ibotta is super easy:
- Download and Sign Up: First, download the app (it’s free!) and create an account.
- Browse Offers: Check out the offers available before you shop. These offers are tied to specific products and stores.
- Unlock Offers: You unlock offers by doing simple tasks like watching a short video or answering a question.
- Go Shopping: Buy the items you’ve unlocked at participating retailers.
- Verify Purchases: Upload your receipt to the app or link your store loyalty card to verify your purchase.
- Get Cash Back: After verification, your cashback is credited to your Ibotta account. Once you hit the minimum amount, you can withdraw your earnings via PayPal, Venmo, or gift cards.
Pros of Using Ibotta
- Wide Range of Retailers: You can find offers for many stores like Walmart, Target, and Amazon.
- User-Friendly: The app is really easy to use.
- Multiple Redemption Options: Withdraw your earnings through PayPal, Venmo, or gift cards.
- Bonuses: Earn extra cashback by completing tasks, referring friends, or hitting milestones.
- Regularly Updated Offers: There are always new offers being added.
Cons of Using Ibotta
- Limited Offer Availability: Not all products have offers, so potential savings can be limited.
- Time-Consuming: Unlocking offers and verifying purchases can take some time.
- Minimum Payout Threshold: You need to reach a certain amount before you can withdraw your cashback.
- Offer Restrictions: Some offers are specific to certain stores or require you to buy multiple items.
- Ad Content: The app includes ads which some users may find intrusive.
Related: Top 3 Best Investing Apps You Need to Try
Is Ibotta Worth It?
If you’re a regular shopper, especially for groceries, Ibotta can be a great tool to save money. It’s easy to use, has a variety of retailers, and you can earn bonuses. However, it can be time-consuming, and not all purchases will have offers.
Tips for Maximizing Your Ibotta Earnings
- Plan Your Shopping: Check the app before making your shopping list.
- Combine Offers: Stack Ibotta offers with store sales, coupons, and other cashback apps.
- Use Loyalty Cards: Link your store loyalty cards to streamline the verification process.
- Refer Friends: Earn referral bonuses by inviting friends and family.
- Be Consistent: Regularly check the app for new offers and scan your receipts.
Ibotta often competes with Rakuten for the title of “Best Cash Back App,” and their popularity tends to fluctuate. Both apps are fantastic; we use Rakuten too, but it’s typically for online purchases, whereas Ibotta is mainly used for groceries.
Related: 6 Proven Steps to Transform Your Finances: Save Money and Pay Off Debt
We’ve already cashed out our first $30 (earned last month) to ensure there were no issues. We chose to transfer it straight to our PayPal account, and the money was there within 5 minutes of hitting the cash-out button.
Ibotta Review – Well, Is it worth it?
Ibotta is a handy tool for saving money on everyday purchases. It might require some effort to unlock offers and verify purchases, but the potential savings are worth it.
It’s an effortless way to save, and the savings really add up, especially if you leave it in your account to cash out just before the holidays. An extra $200 before Christmas would be a welcome boost, wouldn’t it?
Heads up: For a limited time, Ibotta is giving you a $10 bonus when you get your first rebate back! You can grab that here.
Special Offer for Savvy Money Hacks Readers
Here’s a sweet deal for you: If you sign up for a high-yield savings account through our link and deposit at least $50, you’ll get a $25 bonus! Plus, you can earn up to 4.60% APY with no account fees. It’s a fantastic way to start saving more money today.
This post may contain affiliate links. If you make a purchase through these links, it won’t affect the price you pay, but we may earn a small commission. We only recommend products that we personally use or truly love.
For more details on how to maximize your savings with Ibotta, check out Ibotta’s official website.
What is the downside of Ibotta?
You must make online purchases through the app
This is how Ibotta tracks your purchases. This may be inconvenient for people who shop through their phone’s web browser. Additionally, if you forget about this and start to shop through your browser, failing to click through the app will result in no cash back earnings.
Does Ibotta actually pay you?
Ibotta matches your purchases with offers within the app automatically to give you cash back after your purchase! Using the app, you can select your favorite retailers to determine whether loyalty links are available.
How do you get your money from Ibotta?
Withdraw earnings from the Ibotta app
1. Then, select your bank account on the Withdraw cash page within the app.
2. Choose the amount you wish to withdraw from your earnings.
Select the “Review” button.
3. Finally, choose the “Confirm & withdraw” button.
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FTC Disclosure: To maintain this website, some of the links above may be affiliate links. Regardless, we only recommend products or services that we use personally and/or believe will add value to our readers.
I use this app all the time. It does pay out.