The Ibotta app for ios or Android offers you cash back on grocery purchases.
They have offers on all sorts of products that you may buy frequently at your grocery store, and if your purchase matches one of the products listed in Ibotta, you’ll get cash back.
You have to upload a receipt from the grocery store showing the purchase you made.
The cash back amounts depend on what the product is, but typically its anywhere from $0.20 to $1.00.
Bottom line is you’ll never get rich using Ibotta, but its good for accumulating small amounts and then every now and then getting $20 back in the form of cash or a gift card.
I first downloaded the Ibotta app a couple of years ago, and every time I went to the grocery store I’d be able to claim some purchases on Ibotta and get some money back.
How it works:
The Ibotta app has lots of grocery stores, including Wal-Mart and Target, among other types of vendors (like Best Buy) where, if you buy a product showing in Ibotta’s app from that grocery store or vendor, you will get a small amount of money back.
Ibotta will keep track of how much money you accumulate and when you hit $20 you can request Ibotta transfer money to you from PayPal or Venmo, or get a gift card mailed to you.
So, it’s really free money and who doesn’t like free money, right?
But actually, if you think about it, they require you to upload a receipt for your purchase at the grocery store (or other vendor). By doing so, you show them your shopping history, which Ibotta accumulates and then most likely sells that data elsewhere.
Ok, we all know that and I don’t personally really care if they know I buy tomatoes, lettuce, chocolate candy or chicken.
I use Ibotta only because they usually have an ‘Any Item’ feature.
You only get back $0.20 -$0.25 for Any Items… so in my case it takes a while to accumulate enough to cash out at $20.
But It only takes a few seconds to upload the receipt and then you’re done.
Anyway, check it out. If you have a family and do a lot of grocery shopping it will be much more useful to you.
Personally I’m not much of a shopper.
Its worth using the app only if you keep in mind that you’ll get money back only once in a while.
If you look at it like you’ll get tons of money back every week you won’t like it.
But since everybody needs to eat and most of us shop at grocery stores, you might as well use it.
The net result is kind of like finding $20 on the sidewalk twice a year.
Would you not pick up the $20 simply because you only find it twice a year?
My last cash out using Venmo about a month ago: