Ibotta is a great app to have on your phone if you want to save money on things you buy every day.
In this guide, I will talk about how Ibotta works and give you some tips and tricks to get the most out of it and get the most rewards.
So, let me jump in and start saving.
How Does Ibotta work?
You most likely use Ibotta or plan to use it to save money on everyday purchases.
However, you may wonder, “How does Ibotta work?”
Let us just be clear about this question.
Ibotta is a free app that offers rewards for in-store and online shopping.
Basically, Ibotta has teamed up with hundreds of retailers and brands. When you use Ibotta to get a credit for an item or service you buy, the partner retailer or brand pays Ibotta a commission.
And Ibotta gives some of that commission to users who claim the offer.
As an Ibotta user, you can add offers to your account, shop as usual, and then send a picture of your receipt through the app to get cash back.
Or, you can link their loyalty accounts to Ibotta to get cash back without submitting a receipt.
Once the purchase is confirmed, you will get cash back in your Ibotta account. You can then use PayPal or gift cards to get the cash.
How Does Ibotta Work At Walmart?
You can use Ibotta at Walmart if you download the app and turn on offers before you go shopping.
You can get cash back on some purchases by scanning your receipt with the app after you shop.
Ibotta gives cash back on a wide range of items, such as groceries, household goods, and more.
Ibotta makes money by giving users cashback offers from some of the money retailers and advertisers pay Ibotta.
Ibotta Pros And Cons
Here are some pros and cons of using Ibotta:
Pros of Ibotta:
- Free to Download: Just like most other money-saving apps, Ibotta is free to download and use.
- Welcome Bonus: When new users sign up with a special code, they can receive up to $20 as a welcome bonus.
- High Cash Back Offers: Ibotta provides high cash back offers on brand-name products.
- Weekly Bonus Offers: Users have access to weekly bonus offers to earn even more cash back rewards.
- Real Cash Rewards: One of the biggest benefits is that users can cash out their rewards in real money via PayPal or bank card.
- Lots of Freebie Offers: Ibotta also offers numerous freebie offers where you can get items for free after cashback.
Cons of Ibotta:
- Increased Shopping: There’s a risk that users might shop more because of the multitude of deals being offered.
- Portal-Specific Online Rebates: Online rebates are only applied when shopping through the Ibotta portal.
- Slow Customer Service: Some users have reported that the customer service team is a bit slow in responding to queries.
- Fast-Disappearing Freebie Offers: The popular freebie offers do tend to disappear fast.
- Inactivity Fees: If a user’s account is inactive for six months, fees will be applied.
Getting started with Ibotta is easy.
Download the app and create an account.
Once that is done, you can connect your account to the stores you use most. When you shop at any of those stores, all you have to do is remember to upload your receipts and look at a few of the offers.
Ibotta makes it easy to save money on groceries, entertainment, and other things. Use the referral code to get a $5 Ibotta sign-up bonus when you join now.
Tips and tricks for saving the most money with Ibotta
Here are some tips and tricks to help you maximize your savings with the Ibotta app:
- Complete Bonuses: Keep an eye out for bonuses within the Ibotta app. Completing these could earn you extra cash back on top of your regular rebates.
- New & Notable Events: Regularly check the New and Notable Events on the app. This could introduce you to new offers and retailers, potentially boosting your savings.
- Online Shopping: When shopping online, don’t forget to search for deals and free shipping offers within the Ibotta app. These can add up to significant savings!
- Loyalty Account Linking: Connect your store loyalty card or account with Ibotta. This can earn you additional cash back on eligible purchases.
- Ibotta Blog: Ibotta’s blog is a treasure trove of money-saving tips shared by actual users. Give it a read to gain some insider knowledge!
- Bonus Rebates: Always be on the lookout for bonus rebates on the app. These provide opportunities for you to earn extra cash back.
- Recurring Rebates: Watch out for recurring rebates on products you regularly buy. This way, you’ll earn cash back again and again.
- Buy the smallest quantity: In some cases, buying the smallest quantity of a product will yield the highest percentage of cash back.
- Grocery List Planning: Make your grocery list and then search for relevant offers in the Ibotta app. This way, you can ensure you only buy what you need while still maximizing your cash back.
- Bonus Opportunities: Check the app frequently for bonus opportunities. These provide a chance to earn extra cash on top of regular cash back.
- Use Ibotta’s Barcode Scanner: Before purchasing an item, use Ibotta’s barcode scanner to check if the product qualifies for a cashback offer.
- Scan Receipts: Remember to scan your receipts to redeem offers. This is how Ibotta verifies your purchase and credits your account.
- Link Your Rewards Accounts: Linking your Fitbit or other rewards accounts can give you additional rewards that can be spent at participating stores on items qualifying for Ibotta cash back.
By incorporating these tips into your shopping routine, you’ll be able to make the most of the Ibotta app and significantly boost your savings!
How much does Ibotta pay for each receipt?
Ibotta does not offer a fixed payment for each receipt. By uploading their receipts to the app, users can earn cash back for certain purchases that are mentioned in the app.
Depending on the item and the offer available at the time of purchase, the amount of cash back varies. Once your cash back earnings reach $20, you can request a payout.