Finding ways to save money is a top priority for many middle class families. With prices rising on food, gas, and other everyday expenses, every dollar counts. That’s why cashback apps have become so popular. These apps give you money back for purchases you make either online or in stores. It’s a simple and easy way to spend less while still buying what you need.
How Cashback Apps Work
Cashback apps partner with major retailers and brands to offer you a percentage of your money back for shopping through their app. For example, you can go through Rakuten to shop Walmart.com and get 4% cash back. Or book a Hilton hotel through TopCashback for 8% back.
The cashback rates will vary by store and app. Some apps focus on online shopping, while others are better for in-store purchases. With a little research you can maximize the amount of cash back you can earn. The money you earn goes into an account with the app and can be redeemed for gift cards or cash.
Best Cashback Apps of 2024
Here are my picks for the top 5 cashback apps to try this year:
Rakuten
Rakuten is one of the most popular cashback apps with over 10 million members. They offer up to 40% back from over 3,500 stores including Walmart, Best Buy, Nike, and Sephora. You can also earn cash back for booking hotels, rental cars, and more through Rakuten. They offer plenty of coupons and promos too.
TopCashback
TopCashback pays up to 10% back at over 6,000 retailers. Some of their top stores include Home Depot, Macy’s, Priceline, and Overstock. You can also earn bonus cashback by referring friends. Payouts are quick with many options including PayPal and Venmo.
Ibotta
Ibotta focuses on earning cashback for grocery and everyday purchases made in-store and online. They offer up to 20% back on brands like Walmart, Target, Best Buy, Grubhub, and more. You just shop as normal, then scan your receipts into the app to get your cashback.
Rakuten
Formerly known as Ebates, Rakuten gives you cash back for shopping over 3,500 retailers online and in-store. Some of their most popular stores include Walmart, Best Buy, Nike, and Sephora. Rakuten offers high rates up to 40% back along with coupons and promos.
Dosh
Dosh is a unique cashback app that pays you when you use your linked credit/debit cards to shop or dine out. They partner with 100,000+ local businesses, so you can earn up to 10% back on everyday purchases at places like Walmart, Chevron, Forever21, and Chili’s.
Maximizing Cashback
To get the most money back, here are some tips:
- Always check for coupon codes and promos – they often stack with cashback
- Use the browser extensions to automatically get cashback
- Shop through the app portals when available for bonus cashback
- Opt-in for email newsletters so you don’t miss big cashback events
- Compare rates between apps and retailers
- Redeem your earnings frequently instead of letting them accumulate
Get Saving with Cashback!
Putting one or more of these cashback apps to use can easily save you hundreds of dollars each year. That’s money you can put towards paying off debt, building savings, or your next family vacation. With many apps offering $10 just for signing up, there’s nothing to lose!
Cashback apps provide an effortless way to spend less while shopping for everyday needs. Give a few of these top-rated apps a try and watch your savings grow! By being mindful of the best cashback rates and combining offers when possible, middle class families can potentially save hundreds annually. That extra money can make a big difference in reaching financial goals faster. With so many great cashback apps to choose from, there’s nothing holding you back from keeping more money in your wallet. Start saving today!
Have a favorite cashback app I missed? Let me know in the comments below!