CFI Blog

Best Cashback Apps For Supercharged Savings On Everyday Purchases

Who doesn’t love saving money on everyday purchases? I know I do. That’s why I’m always on the lookout for the best cashback apps that can help me make the most of my spending. These apps are like secret weapons for savvy shoppers, turning a simple trip to the grocery store or a quick online shopping spree into an opportunity to earn some extra cash.

In this digital age, it’s easier than ever to find great deals and earn cashback on the go. But with so many apps out there, it can be hard to know which ones are worth your time. That’s where I come in. I’ve done the research, tested the apps, and compiled a list of the best ones for you. So, let’s dive in and discover how you can start saving money with the best cashback money saving apps for everyday purchases.

Understanding Cashback Apps

Understanding Cashback Apps

I spend countless hours researching, testing, and then re-testing to bring you the most efficient ways of saving money. With the advent of cashback apps, earning while you spend is now a tangible reality. Let’s dive deeper into understanding how these nifty apps work and the different types available.

How Cashback Apps Work?

Cashback apps are an easy route to save money on regular purchases. You ask, How? Here’s how it happens: Initially, you shop through the platform of these apps, either by visiting physical stores or shopping online. On making a purchase, the app rewards you with a certain percentage of your spending back in the form of cashback. This remuneration is typically a percentage of your total purchase price. It’s like getting paid just to shop!

To highlight, let’s consider an illustrative case. Assume your cashback app offers 3% cashback on grocery shopping. When you spend $100 on groceries, expect $3 as a cashback, effectively making your spending only $97. This scenario perfectly exemplifies the working of cashback apps.

Types of Cashback Apps

Broadly, cashback apps split into three primary categories:

  1. Point-based Apps: These apps reward you with points for every dollar spent. You can redeem these points for gift cards, discounts, or convert them into cash. Examples include the likes of Fetch Rewards and Shopkick.
  2. Percentage-Based Apps: In this type, you earn a fixed percentage of cashback, based on your shopping cart total. Cashback apps such as Rakuten and TopCashback follow this model.
  3. Coupon Based Apps: These cashback apps offer digital coupons for specific items or at selected stores. Apps like Groupon and RetailMeNot are excellent instances of this kind.

When it comes to choosing your cashback app, always remember the golden rule: it’s not about the type, but the utility. Choose the one that fits best with your shopping habits and watch the savings roll in.

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Top Cashback Apps for Groceries

Top Cashback Apps for Groceries

Grocery shopping constitutes a considerable portion of an average household’s expenditure. Applying cashback apps to these regular expenses can lead to significant savings over time. Here, I present two of the best cashback apps highly recommended for groceries.


Ibotta has earned a reputation as a top cashback app specifically for grocery shopping. The app partners with over 300 retail chains, inclusive of major grocery stores across the country. It’s simple to use – simply browse the app before shopping, select offers on the products you plan to buy, and take a photo of your receipt to earn cash back.

For example, an offer might get you $0.50 cashback on a $4 loaf of bread. These rewards can quickly add up if you’re diligent and strategic.

A standout feature of Ibotta is that it offers real cash. You can transfer your earnings to PayPal, Venmo, or convert them into paypal gift cards when your balance reaches $20.

Fetch Rewards

Fetch Rewards operates a little differently but still ensures you make savings on your grocery spend. Unlike Ibotta, it doesn’t require you to select offers before shopping. Instead, you scan any grocery receipt after shopping, and it awards you points.

The points vary, based on the dollar amount spent and not the specific items purchased. For instance, you might earn 10 points for every dollar spent. These points can then be redeemed for gift cards from a range of retailers, making it a flexible option for many shoppers.

Fetch Rewards also stands out as it accepts receipts from not only grocery stores but also restaurants and gas stations. This versatility amplifies the potential to earn rewards across different spending categories.

To summarize, if you’re a strategic shopper and prefer selecting deals before shopping, Ibotta might be the right fit for you. However, if you prefer a more effortless experience and shop across different types of stores, Fetch Rewards could serve you better. No matter which app you choose, both provide unique ways to earn rewards and save money on groceries with coupon purchases.

Best Cashback Apps for Online Shopping

Cashback Apps for Online Shopping

Transitioning from grocery-centric cashback apps, we’ll now delve into the realm of online shopping apps. Two standout players dominate this category – Rakuten and Honey.


A major force in the cashback app arena, Rakuten, shines when it comes to online shopping. Providing a cashback percentage for over 2,500 online stores, Rakuten boasts partnerships with giants like Amazon, eBay, and Macy’s. With cashback rates varying from 1% to as high as 40%, Rakuten offers users versatile spending options.

After completing a purchase, Rakuten credits cashback directly to the user’s account. It’s like having a virtual piggy bank that fills up as you shop. In fact, it’s that simple, and the earnings can accumulate without any effort. Every 3 months, Rakuten dispatches payments either through a check or PayPal. However, keep in mind, the payment comes only if the cashback exceeds $5.


Another sterling example of an online shopping cashback app, Honey does more than provide a sweet deal. It lives up to its name, offering the sweetness of discounts directly into the shopping cart. Different from Rakuten’s percentage-based cashback, Honey operates on a rewards system, known as Honey Gold.

Every time a user shops at any of Honey’s thousands of partner stores, they earn Honey Gold, a currency that’s convertible into gift cards from various retailers. For shoppers who frequently shop online, those gift card rewards can certainly add up. Honey also saves time by automatically applying the best coupon code during checkout.

Both Rakuten and Honey excel in their unique ways when it comes to online shopping. Keep your shopping habits in mind and choose the app which can maximize your savings. Between saving on grocery bills and getting cashback from online purchases, it’s easier than ever to put some money back into your pocket.

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Benefits of Using Cashback Apps

Benefits of Using Cashback Apps

Getting cash back on your purchases creates an opportunity for consistent savings. In a scenario where you’re shopping for groceries or doing online shopping, cashback apps like Ibotta, Fetch Rewards, Rakuten and Honey serve as efficient tools for saving. Suppose you’re part of the 88% of consumers who shopping both online and in physical stores. In that case, these apps help you reap the benefits both ways. For instance, Fetch Rewards presents an effortless experience in getting cash back on your groceries, while Rakuten offers cashback from over 2,500 stores, including mega retailers like Amazon and Macy’s.

Combining Deals for Maximum Savings

It’s not just about getting money back; it’s about maximizing your savings through strategic shopping. Platforms such as Ibotta present strategic deals that, when combined with the app’s points or cashback offerings, result in significant savings. Another example is Honey’s rewards system, Honey Gold, which operates by converting your earnings into gift cards online while also applying discount codes automatically. So, even in purchasing where retailers don’t offer discounts, these cashback apps make sure you still get a piece of your money back. Therefore, the cashback apps strategically combine the strengths of both point-based, percentage-based and coupon-based cashback methods ensuring you save more on your shopping.

Potential Drawbacks

Potential Drawbacks

Despite all the impressive benefits highlighted in the previous sections, it’s essential to discuss the potential drawbacks that come with using these cashback apps. By understanding both the pros and cons, you can make an informed decision about whether these applications suit your shopping habits and privacy standards.

Privacy Concerns

One primary consideration before signing up for these apps involves privacy. In exchange for cashback offers, these applications often require access to personal information. For example, Ibotta and Fetch Rewards request email addresses and sometimes location data. They use these details to personalize the user experience, providing offers relevant to their location and purchase history. While these apps do have privacy policies in place, it’s critical for users to understand what information they’re agreeing to share when signing up.

Limitations and Restrictions

Another potential drawback refers to the limitations and restrictions associated with these apps. Notably, not every purchase qualifies for a rebate. Certain retailers, items, and even whole categories may be excluded from cash rewards. For instance, Rakuten doesn’t offer cashback for gift card purchases, and Honey may not provide rewards for items on sale.

Furthermore, users need to scrutinize the specific terms associated with each deal. Apps like Ibotta may require the consumer to complete particular tasks, like watching a video or taking a survey, before unlocking certain offers.

Lastly, cashback amounts primarily depend on the retailer’s decision, not the app. Consequently, reward rates can vary significantly from one store to another. This inconsistency might affect those looking for a regular and predictable saving strategy.

By considering these potential drawbacks, shoppers can assess the true value that cashback apps offer them, factoring in both monetary benefits and hidden costs.


So there you have it. Cashback apps like Ibotta, Fetch Rewards, Rakuten, and Honey can indeed be a game-changer for your everyday shopping. They offer an easy way to save money and reap rewards from your favorite retailers. But remember, it’s not all rosy. You’ll need to keep an eye on those privacy policies and be sure to understand the terms of each deal. Not every purchase will earn you cash back, and reward rates can vary. But if you’re savvy and willing to do a little homework, these apps can help you make the most of your spending. It’s all about finding the right balance that works for your shopping habits and privacy comfort levels. So why not give them a try and see how much you can save?

Frequently Asked Questions

What are the benefits of using cashback apps?

Cashback apps like Ibotta, Fetch Rewards, Rakuten, and Honey offer a range of benefits, main one being saving money through discounts and rewards offered by different retailers on everyday purchases. If used properly, these apps can enhance savings potential.

How can savings be maximized using these apps?

Maximizing savings through these apps involves combining deals across various online and physical stores. This requires regular visits to the app and understanding the terms of each deal as not all transactions may be eligible for cashback.

What are the potential drawbacks of cashback apps?

Possible drawbacks include sharing personal information, with privacy concerns being a high priority for some users. There are also limitations on qualifying purchases for cashback, meaning not all transactions may result in savings.

Are all purchases made through cashback apps eligible for rewards?

Not all transactions are eligible for cashback. The terms and conditions can vary widely across different retailers and it’s important to understand these specifics to ensure optimal use of these apps and to avoid disappointment.

How do reward rates vary across different retailers?

Reward rates can often vary between different retailers, potentially impacting the consistency of your savings. It’s recommended to check the specific rates offered by each retailer before making a purchase.

Author Profile

Kathy Hardtke
Kathy Hardtke
I am thrilled to have been invited to blog about my experiences trading stock and options with Rich Dad.  Since 1998, when I picked up my first Rich Dad book “Rich Dad Poor Dad”, I have been hooked on Robert and Kim’s philosophies on becoming financially free through investing.  Their books and courses have changed my life as well as my daughter’s life, whom I am now teaching all I have learned about trading stock and options.

My experience has been in the real estate and finance industry for 20 years.  I was a Realtor with ERA, a Mortgage Loan Officer with Bank of America, and a Financial Advisor with Morgan Stanley.  Each time I chose a career that I thought I would get “the inside track” on investing and each time I learned it was just a “job”, although very good job and I was lucky enough to enjoy my career.  Simply put, these jobs would only get me a paycheck but never take me to financial freedom and the dreams and lifestyle I was looking to achieve.

With that said, I have no desire to make millions to have expensive “things” but I do have a dream to not only become financially free for myself and my family but also for others.  I started an organization called GROW Africa to help others.  We build wells in the farthest reaches of the earth in the bush of Zambia.  The women and children have to walk up to 4 hours each way to carry as much water as they can carry back.  I thought that was such a basic human need, that I felt I needed to do something about it, and did.

What is super cool about the training I received through Rich Dad Education on trading stocks and options is, now that I am educated on the Rich Dad stock trading system, I can trade anywhere in the world, including while I am in remote Africa building wells, providing water for those with little or none, as long as I have a power source and a satellite internet card.  Now that is freedom!

I am looking forward to sharing my experiences about trading stocks and options and walking with you on the path to financial freedom.  This is a process of building your wealth consistently over time, then passing it on to your children creating generational wealth.  I wish you all success and can’t wait to hear some of your stories of success as time ticks on!

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