What is Ibotta?
Ibotta is a shopping rewards app that gives you cash for purchases you already make at a wide variety of stores. You can earn money while you shop and use that money to pay for future shopping trips.
- Earn money by shopping at stores you already shop at
- Easy to use
- Don’t have to link your bank accounts or credit cards
- Have to purchase specific products to earn rewards
- $20 cash out minimum
Best for: Ibotta is designed to help people who shop regularly earn some money back on their purchases. If you’re the grocery shopper for your household, or simply enjoy shopping, there’s no reason not to use Ibotta to get rewarded for the shopping you’re already going to do.
How Does Ibotta Work?
Setting up an Ibotta account and collecting your rewards is a straightforward process. Here’s what you need to know about how Ibotta works.
Getting started with Ibotta is very simple. Click here to download Ibotta App. Once the app is installed, open it and go through the account creation process. All you have to do is enter your email address, create a password, and provide some other basic information.
Once you’ve created your account, you can view offers in the app and decide which ones you want to take advantage of.
Taking Advantage of Offers
When you open the Ibotta app, you’ll see a list of available offers. These offers are broken down by store, so you can easily choose to see all the offers from the stores you visit regularly.
For example, Ibotta works as a grocery saving app. if you’re about to do the food shopping, you can pull up all the offers from your local grocery store.
These offers will come in a couple of formats. One of the most common formats is a reward for buying a specific product. For example, you might see an offer of $1 in cash back if you purchase a jug of Gold Peak Sweet Tea. You need to purchase the exact product to get the cash back.
Sometimes, more general offers, like $4 cash back on any tri-tip steak, will be listed. You can buy any brand of the product to get cash back.
When you see an offer you like, you can tap on it to activate and add it to your account. You’ll see there’s no shortage of discounts on groceries through Ibotta.
Ibotta offers three ways to redeem deals that you’ve activated.
One option is to scan your receipt into the app. After you make a purchase, open the Ibotta app and select the scan a receipt option. Take a picture of your receipt and the app will automatically read it to see which offers you’ve fulfilled.
It will list the offers you fulfilled and the cash value of each and credit your account for the money.
You can also link your store loyalty card to Ibotta. Before you shop, enter your loyalty card number or phone number in the app. If you use your loyalty card when you shop, Ibotta will automatically see what you purchased and credit you for any applicable offers.
Finally, Ibotta often offers cash back from online stores. To take advantage of these offers, you can make purchases directly through the Ibotta app. Open the store website through the Ibotta app and complete your purchase as normal. Ibotta will automatically track the purchase and credit you for any rewards you’ve earned.
Many of Ibotta’s offers are for small amounts of cash back. $0.50 here and $2 there. But over time, these small rewards can add up to a lot of money.
Ibotta has a cash-out minimum of $20. Your account will be credited for whatever rewards you earn, but you won’t be able to turn your credit into real money until you have at least $20 in your Ibotta account.
Ibotta offers a couple of options for cashing out your earnings.
If you just want cash, you can have Ibotta send your credit to your Venmo or PayPal account. You can then transfer the money to your bank.
You can also use your credit to purchase gift cards to a variety of stores. Some gift cards have a $25 redemption minimum, so keep that in mind.