Ibotta Review: Can You Earn Cashback On This Platform?

In this Ibotta review, we will take a look at another cashback website known as Ibotta. Keep reading to discover how you can save money on your shopping by making use of this platform.

Ibotta is one of the simplest ways through which you can earn free cashback while shopping in your favorite stores. But is the Ibotta platform legit or just a cheap hype? We will find out in this 2021 Ibotta review.

The first time I came across Ibotta, I was a little bit skeptical about the app. Lots of questions raced through my mind; will I ignore it like most apps that I downloaded? Will I find offers for the things I purchase?

I decided to register for a free account and gave it a shot.

If you want to try out Ibotta, this Ibotta review will shed light on all the basics that you need to know. You will learn how you can sign up on the app and how to get paid. You will also know if you should use the app to save on your shopping or not.

Quick Review

Here’s my quick Ibotta review:

CostFree
How to saveActivate cashback offers and clip coupons to receive cashback on the things you buy
How to redeem your savingsYou can redeem when your balance reaches $20. The money can be transferred to your bank account, PayPal, or can be redeemed for gift cards.
Bonus$10 sign-up bonus
Points SystemN/A

Detailed Guide

What is Ibotta?

Ibotta is a cashback savings app that enables registered members to save money on the things they buy. It is free to use the app and it pays cash through PayPal or Venmo. The app does not use a point system or anything that needs to be redeemed for cash.

Ibotta is in partnership with over 1500 brands and retailers. The app has paid out more than $680 million to members ever since it was launched in 2012.

You can earn cashback on things like produce, pet food, cereal, meat, snacks, dairy, etc. You can also come across offers for wine, liquor, and beer. Some offer even allow you to earn money back when you shop at home improvement stores, clothing retailers, travel expenses, etc. You can earn a certain amount of money or a percentage of what you buy.

How To Use Ibotta

To use Ibotta, you need to download the Ibotta app and create an account. You can get the app on your smartphone or from the browser extension on your PC.

Once you have the Ibotta app on your phone or computer, you can start using Ibotta in the following ways:

1. Link your loyalty accounts to Ibotta

When you link your loyalty accounts to Ibotta, it becomes easier to go through the cashback process. Ensure you link your grocery or delivery accounts, such as Target or Walmart, to Ibotta. When you need to scan your digital receipt and match it with things you buy to your offers, the work will be seamlessly done for you.

This process is not compulsory (except online grocery).

2. Add offers

Use different filters to search for offers. You can search for offers by the retailer (such as Target, Walmart), brand (such as Chobani, Kraft), or item type (cheese, coffee).

Also, you will find featured offers on the homepage. Add offers to your Ibotta account by clicking the plus sign.

3. Shop

You can use Ibotta by shopping for your favorite items in the stores of participating retailers. You can do this either online or in person.

4. Earn cashback

After shopping, you will receive the cashback within 24 hours after your order has been picked or delivered. This process will be automatic if you linked a loyalty account. If not, upload the picture of your receipt so that Ibotta can verify it and reward you via a cashback.

5. Redeem cashback

Once you’ve earned $20 cash back, you can easily redeem it as a deposit either into your bank account or your PayPal account. You can also redeem it for gift cards.

How Ibotta Makes Money

Just like Rakuten and other affiliate networks, Ibotta earns a commission for partnering and sending you, the customer, to the stores. When you shop and redeem your offers on the Ibotta app, the store you shopped from will give Ibotta a commission, Ibotta will then appreciate your efforts by offering you a little cash back.

That’s a great win-win idea.

You can easily find cashback offers for almost anything you want to purchase on the Ibotta app. They dish out offers from over 300 stores.

Some of the stores they partner with include:

  • Amazon
  • Best Buy
  • Walmart
  • Kohl’s
  • Target

Pros

  • It is free to join Ibotta.
  • Ibotta has a quick cashout time.
  • It is in partnership with over 300 stores. This gives you the flexibility to shop from different stores that have what you need.
  • Shopping through the Ibotta app is easy.
  • You can withdraw via a deposit into your bank account PayPal, Venmo, or gift cards without incurring any fee.
  • The bar code and receipt scanner help make the cashback process easy.
  • Ibotta provides an innovative way to earn money on items that you want or need.
  • You don’t need to clip or carry any coupons.

Cons

  • Ibotta does not offer a loyalty card program and some partnerships in the NY Metro Area.
  • There is no online chat or customer care phone number. This makes it difficult to resolve pressing issues.
  • Scanning everything you buy from the store can be time-consuming.
  • Some may find the personal questions (that they need to answer while selecting offers) annoying.

FAQs

1. How do I redeem Ibotta cash?

If you want to redeem your cash-back offers, you need to submit a photo of your receipt.

To do this, click the Redeem button that is located at the bottom of the Ibotta App.

The next step is to select the store that you want to redeem from. This is the store that you just bought from.

After selecting the store, continue and snap your receipt.

2. How much can I save with Ibotta?

The offers on Ibotta reward between a few cents to several dollars in cashback. The specific amount depends on the product you bought and the store you bought from.

To give you an idea of how much you can save; a user of the platform that spent $100 on grocery trips said he consistently saved at least $5.

After uploading the picture of your receipt, the app will scan it and transfer money to your Ibotta account depending on the offers you chose earlier.

Once you have saved $20, $10 of which you will earn when you register with my link, you can redeem your cash through bank deposit, PayPal, or Venmo. You can also get a gift card that correlates with the value of the cash that you are withdrawing.

3. Is there a sign-up bonus on Ibotta?

Yes, Ibotta has a sign-up bonus. When you sign up on Ibotta with my link, Ibotta will give you a $10 sign-up.

4. Is Ibotta worth it?

Yes, you need to try out the app. The majority of the users of the app have good things to say about their experience on the platform.

5. Does the cash expire?

No, Ibotta cash doesn’t expire. However, if you don’t use the app for at least 6 months, Ibotta will charge your account a maintenance fee.

6. Are there other apps like Ibotta?

Yes, some apps are similar to Ibotta. My favorite ones are Rakuten and Fetch Rewards.

Conclusion

My Final Verdict On This Ibotta Review

We have lots of cash-back apps on the internet. However, I found Ibotta to be very versatile. It has a user-friendly interface that makes it easy to earn cashback.

If you are yet to download the app, what are you still waiting for?

Ibotta is a great app that you can start using right away for quick cashback on your shopping trips. Refer your friends to sign up on the platform to earn more. This allows you to save money with your friends and loved ones.

You can have more money in your bank account within 24 hours (just for buying from stores that are in partnership with Ibotta).

Did my Ibotta review convince you? Register on Ibotta today and start making money online for doing things that you do almost every day. Also, let your friends know how much you were able to save on groceries while using Ibotta.