Ibotta is an app everyone should have. According to a Gallup poll, Americans spend $151 on groceries per week. Ibotta can help you put some of that cash back in your wallet.
The best part is, you get a $10 bonus when you scan your first receipt. Direct Link To Download App (promo code mupbfhq for $10 bonus)
What Is Ibotta?
Ibotta is an app and website that allows you to earn cash back on products you purchase. It was originally designed to pay you for scanning grocery receipts. Now the app also pays you to shop online, scan receipts from stores and link your loyalty card.
How Does It Work?
Using Ibotta is pretty easy. There are several features that allow you to earn cash back.
Taking a picture of your receipt
Mobile in-app purchases
Referring friends
Linking a loyalty card
Teamwork
First you need to download the Ibotta app here use promo code mupbfhq. It take about 15 seconds to sign up. The app uses your GPS to locate stores around you. Pick your favorite stores and browse the app. Before you go to the store, “unlock” the rebate of the item you are going to purchase. When you get home, click “Redeem” and take a picture of the receipt in the app. Within 24 hours, your account is credited with the rebate.
How Do I Earn?
Taking a picture of your receipt
As mentioned earlier, you can earn cash back for “unlocking” offers on products and scanning your receipt. The cash back amount for each product varies. On my first trip, I earned $12.75 ($10 Welcome Bonus & $2.75 product cash back) for buying a loaf of bread and eggs. Cash back is credited within 48 hours after you can your receipt.
Mobile in-app purchases
You can also shop stores within the app. For example, if you need to take an Uber, open your Ibotta app, click Uber and request your Uber through the Ibotta app. You will earn $1 cash back for each Uber ride.
Referring friends
Ibotta has a referral program that pays you when you refer your friends. They get $10 after they redeem an offer and you get $5.
How Does Ibotta Pay?
Once your reach a minimum balance of $20, you can cash out via PayPal or Venmo. You can also redeem cash for gift cards. You can get gift cards for Kohls, Sephora, Amazon, Best Buy, etc.
How Does Ibotta Make Money?
Ibotta makes money when you purchase products. They collect the information on your receipts and purchased for market research. They sell this data to companies so those companies can improve their products, services and prices. All this data is completely anonymous. They do not sell any of your personal information or your credit or debit card numbers.
Pros & Cons of Ibotta
Pros
Free to register
No need to clip coupons. However, you can maximize your savings by using coupons.
Earn cash back scanning receipts
$10 bonus when you register with promo code mupbfhq and scan your first receipt
Earn extra money referring friends
Plenty of payout options
Cons
You only have 1 week to scan your receipt from the date of purchase
$20 minimum cash out
Not available through all retailers
May take up to 48 hours to receive credit for offers
How Can I Get Started With Ibotta?
Getting started with Ibotta is pretty easy. You can register for Ibotta for FREE by clicking this link here. Enter the promo code mupbfhq to receive a $10 welcome bonus after scanning your first receipt. You can register with your email or Facebook.