With the surging prices of products in today’s economy, it can be difficult to penny-pinch to get by, especially if you have a limited budget. This is where ibotta comes in. This app launched in 2012 and has been helping Americans save on their grocery and regular shopping expeditions for over a decade.
Learning more about the benefits of ibotta helps you to create your money-saving strategies as you earn cash back on your everyday purchases. Looking for new tactics to save money can be tiresome. You can log enjoy online slots at NetBet when you need a break from your personal finance planning.
Earn Cashback While Shopping In-Store
Regularly using ibotta when you go grocery shopping means you receive cashback as long as you purchase the items available for a rebate. There is no limit to how much cashback you can receive. As long as you purchase items allowable for rebate, you can be awarded money back into your Ibotta account.
Ibotta does more than give you cashback on your groceries. You can also receive cashback from different retailers when shopping online. For example, you can get 4.5% cashback when you book a stay with Hotels.com by first logging in through the Ibotta app.
Redeem Cashback for Real Money or Gift Cards
Once you hit $20 cashback in your Ibotta account, you can cash out for real money into your PayPal. This means you can spend your cashback however you want after you transfer the PayPal funds to your bank account. Whether you have to pay an upcoming bill, use it for gas for transportation, or purchase a gift for a birthday or the holidays, sending your cashback earnings to PayPal has the most versatility with how you can use it.
Otherwise, you can redeem the cashback in the form of different virtual gift cards from various restaurants and stores of your choice. Choose from Carter’s, Olive Garden, Gap, Outback Steakhouse, and over 170 other retailers and restaurants.
The best is you can choose who gets this gift card. Reward yourself with a shopping experience or restaurant visit with the gift card you select. Another option is you can choose to rack up these gift cards and put them away to give to family members and friends for the holidays.
Earn Cashback When You Purchase Certain Gift Cards
Depending on the specific retailer, and what she wants a gift card from, you can earn cash back, even when you are just purchasing a gift card. If you plan on visiting that retailer’s store or shopping online at their website, this is a great way to save a little bit of cash while doing so.
For example, Old Navy allows you 2% percent cash back if you purchase anything from their online store. You can also earn 2% back if you purchase a gift card through the Ibotta app. This option also makes it a cheaper avenue for purchasing a gift card if you are in a pinch and need a gift for someone right away. In this scenario, a $50 Old Navy gift card can cost you $49 after the 2% cash back if you go through Ibotta to purchase it.
Use Cashback to Fund a Trip
Let’s say that you decide to save your cash back for a year or so and that it accumulates into the hundreds. You can cash out through PayPal or your bank account when you are ready and turn around and purchase a Hotels.com gift card with the cash back you earned. On top of that, as long as you start navigating through the Ibotta app, you can earn 4% back on that purchase, too.
