Cashback apps can be a great way to earn extra cash, whether you’re an online shopping enthusiast or just looking to save money.
If you need to figure out what a cashback app is, it’s essentially an app that rewards you with a percentage of your purchase price when you shop at certain stores.
To make the most of these apps, we’ve rounded up the ten best cashback apps everyone should use in 2023.
From popular grocery delivery services to nationwide department stores, this list of the best cashback apps will help you get the most bang for your buck on all your purchases and have more money left over for other things.
Plus, these apps are free to download and use – so why not take advantage of the savings?
Read on to learn more about the ten best cashback apps that everyone should use in 2023.
The Different Types of Cashback Apps
With so many cashback apps available, how do you choose which ones are right for you?
A closer look reveals that there are primarily three types of cashback apps.
1. Online
The first type is online-specific, offering discounts and rewards when you shop online through their app or website.
For example, Rakuten is a popular online cashback app that pays back a percentage of the total purchase price when you make eligible purchases at select retailers.
2. Store-specific
The second type is store-specific, which rewards customers for physical shopping trips to particular stores.
An example would be Walmart’s Savings Catcher app, which lets you compare prices with local competitors and get money back if it finds lower prices elsewhere.
3. Universal cashback apps
Finally, there are universal cashback apps. These all-in-one apps cover multiple stores, restaurants, travel bookings, and more.
Ibotta is one of the most popular universal apps — it provides up to 25% cashback when you upload your receipts from grocery stores and other retailers into the app after making your purchase.
So take some time to research what each type of cashback app offers and decide which will help you save the most money on your next shopping trip!
Benefits of Using Cashback Apps
Ready to get started with cashback apps? Here are some of the benefits you can enjoy from them:
1. Keep Track of Your Spending
Cashback apps make it easy to keep track of your spending, as they provide detailed information about your purchases.
This makes it easy to monitor your financial health and budget more efficiently.
Plus, some apps even offer insights into the best shopping times and discounts to get the best deals.
2. Wide Variety of Brands
Cashback apps provide a wide variety of brands and stores to choose from, so you’ll always be able to find something that suits your needs.
From clothing and accessories to groceries and home items, cashback apps have it all—and more!
3. Earn Points
Finally, many cashback apps let you earn points as you shop. These points can be redeemed for cash or other rewards, such as discounts at participating stores.
So not only will you save money on your purchases, but you can also earn rewards while doing so!
How to Choose the Right Cashback App for You
When it comes to choosing a good cashback app, there are a few things you should consider.
1. Look for Rewards
Look at the rewards and incentives offered. Different apps have different rewards and incentives, so find one that fits your needs.
2. Assess the fees.
Some apps come with annual fees or other charges associated with them. Make sure you understand how much you’ll be paying before signing up.
3. Ease of use
Cashback apps should be easy to use if they will be effective in helping you save money. This is the most crucial factor to look out for.
Look for a streamlined user interface that is intuitive enough to use without any hassle or confusion.
4. It has an accessible payment option
Ensure the app works with your chosen payment method before signing up. Otherwise, you won’t be able to take full advantage of its features and rewards.
Considering these four factors will help you find the best cashback app for your needs in 2023!
Top 10 Cashback Apps for Smart Shopping
Do you want to make your shopping sweeter? Then these top 10 cashback apps will help give you the rewards you deserve.
Whether you’re an online shopper, a frequent traveler, or a grocery store adventurer, there’s an app for everyone to save money and get cash back on everyday purchases.
1. Ebates
Ebates is one of the oldest and most popular cashback apps out there. It offers up to 40 percent cashback on online purchases from select partner retailers like Amazon, Macy’s, Target, Walmart, and more.
Plus, it has a great referral program – when you refer someone to the app, you will receive a $5 cash bonus.
2. Ibotta
Ibotta is particularly great for grocery shoppers, as it rewards them for purchases of items like food, drinks, and household supplies with up to 10 percent cashback.
Unlike other apps that require printing coupons or scanning receipts at stores, Ibotta makes it super easy – all you have to do is link your loyalty cards or submit digital receipts.
3. Rakuten
Rakuten is another popular app that gives up to 40 percent cashback from its partner retailers like Amazon, Apple, and Macy’s.
The best part? It even offers discounts on hotels, flights, and car rentals, so travelers can save even more money when they book their trips through Rakuten.
4. Checkout 51
Checkout 51 makes it simple for grocery shoppers to compete with each other for the best price on items in their cart.
It scans shoppers’ purchases against its list of deals for the week and pays users up 2-10 percent of their total purchase price.
Which is better, Rakuten or Honey?
One of the biggest questions when finding the best cashback app is which one you should use: Rakuten or Honey?
While both offer great deals and rewards, there are distinctions between them that determine which one works best for you.
For starters, Rakuten offers a more comprehensive selection of retailers, with over 2,500 to choose from.
That means you have more shopping places and more opportunities to earn cashback. They also offer double cash back at select stores, giving you even better value.
Meanwhile, Honey provides a more streamlined experience. It automatically applies coupons and discounts to your cart at checkout so that you don’t need to manually search for or enter any codes.
This makes saving money on every purchase easier and quicker without extra effort or time investment.
So ultimately, it depends on what kind of cashback app you’re looking for—a broad selection of options or a hassle-free experience.
With Rakuten and Honey offering unbeatable savings opportunities in their ways, the choice is up to you!
Tips for Maximizing Your Profits With Cashback Apps
Now that you know which cashback apps you should use, it’s time to get familiar with maximizing your profits. Here are a few tips to get you started.
Shop With the Apps That Offer the Highest Cashback Rates
It’s a no-brainer that the more money you get back on your purchases, the better.
Do your homework and check which apps offer the highest cashback rates before purchasing.
Combine Cashback Offers With Sale Prices
If a store has an item on sale, combining that price with applicable cashback offers can help you save even more money.
So before purchasing anything, check for any sales or promotional codes that could lower the price of something you’re looking to buy.
Sign Up For Newsletters and Coupons
Many cashback apps have newsletters and coupon codes that they send out periodically.
Sign up for these to stay up-to-date on new offers and discounts as they become available.
This way, when it comes time to shop, you’ll already know where and how to get the best deals!
By following these tips and using the best cashback apps available in 2023, shopping will never be the same again.
You’ll be able to maximize your profits and enjoy the extra savings in no time!
FAQs About Saving Money With Cashback Apps
Besides the ten best cashback apps you should use in 2023, you might be wondering about more details.
We’ve compiled a list of frequently asked questions about saving money with cashback apps.
How Does Cashback Work?
Cashback apps let you get back a portion of your purchase from specific retailers.
After you’ve purchased the app, they’ll send you rewards as cash back into your account.
It’s an easy way to save money when spending at certain vendors!
What is the Best Cashback App?
The ten cashback apps above can help you start your journey to save money with cashback.
Ultimately, it depends on how much and where you shop, so take your time to look through each app and find out what they offer that fits best for your needs.
How Do I Redeem My Cash Back?
Most apps require that you hit a certain balance or threshold before cashing out—so read through each one’s conditions before signing up.
Generally speaking, if a vendor accepts PayPal or Venmo payments, those apps allow quicker and easier transfers from your account to theirs.
Conclusion
Saving money can be as easy as downloading a cashback app. The key to using them successfully is researching the best cashback app.
Read detailed reviews, consider the cashback rates, compare the minimum cash-out amounts, and weigh additional benefits (such as cashback on groceries, travel, etc.).
Doing some extra work now can save you a lot of money in the long run. Put money aside for a rainy day, invest it to grow your wealth, or have fun.
With cashback apps, you can make the most of your transactions and ensure you get the best deals.
