What is Ibotta and how does it work?
Couponing in the US has grown in popularity . The reasons are many, from economic crises and unemployment to saving to visit Disney . Fortunately, as technology advances, coupon books are becoming a thing of the past. Instead of clipping a discount coupon, you can now claim rewards, get a gift card and access the best outlets , pharmacies and supermarkets through a single app . We are talking about Ibotta, which, like Swagbucks, allows you to earn free money and buy products at unbeatable prices. Find out what Ibotta is and how it works, and start saving money !!
What is Ibotta?
Ibotta is a free downloadable mobile app that helps Americans save money on their purchases. The app is on our list of the 27 best discount coupon sites to save and guarantees, in addition to discounts on products, cash back and special bonuses. We could say that it combines the best of Cashback Monitor with the tasks of Swagbucks.
This company, founded by Bryan Leach, is nothing new. In fact, it has been in operation since 2012 . At first, it only included coupons and the ability to get cash back on grocery purchases, but in 2014 it was encouraged to add other products to the list , such as spirits, wines and alcoholic beverages.
Today, there are more than 300 retailers and department stores affiliated with the app. The categories are diverse and include health and beauty, makeup, perfume, travel, electronics, pets, subscriptions, entertainment, restaurants, food delivery, clothing, shoes and groceries .
WATCH OUT! If you don’t use your Ibotta account for 6 months or more, you will have to pay $3.99 per month for inactivity maintenance.
How does Ibotta work?
Now that you know what Ibotta is, let’s see how you can take advantage of the platform. In itself, Ibotta works like any other coupon and discount app. Available for iOS and Android , it helps you get cash back and special bonuses .
To earn money online and save on your purchases, you must register, claim the offer and do some simple tasks, such as watching a video or answering a small survey . To give you an idea, the list of questions is similar to InboxDollars , although a bit shorter. As you can see, everything you do within Ibotta will help you unlock rewards.
When you have accumulated a total of $20, you can withdraw it to your PayPal bank account or virtual wallet . You also have the option to redeem the money you’ve earned within the app for gift cards, only in this case, you’ll need a minimum of $25.
How to save with Ibotta?
First of all, visit the official Ibotta page and click on “Sign up” . You need to enter a couple of personal details, such as your full name, date of birth, phone number and zip code. You will also need to include a valid email and create a strong password.
If you have a promotional code, enter it in the corresponding box . Thus, you will win a special welcome bonus that you can redeem for cash. You can also use your credit to order a gift card from Target or any other participating store.
Once you have created your Ibotta account, follow this step by step to start paying less for your purchases:
Download Ibotta App
Download the Ibotta app on your mobile phone . To be able to access discounts while shopping online, we recommend that you also download the browser extension .
Grant the permissions
In addition to accepting the terms and conditions, you will need to grant certain permissions to the app, such as managing notifications and accessing your location. In this way, Ibotta will notify you when there is a discount store near you .
Sign in to Ibotta
You can log in on the official website or on your mobile app . To do this, you will only need Internet, your registered email and password.
Personalize your profile
How to do it? Choosing the retailers and stores where you usually shop . You can bookmark any affiliate and find out about their exclusive offers instantly. With Ibotta on your side, you no longer have to wait for Black Friday or Green Monday to save big!
Get discounts and rebates
To do so, you can filter your search by category, click on a specific store or brand, or select a product from the home menu. The posts will show you all the details:
- Discount expiration date and time
- If you can claim an additional bonus
- How many products can you buy?
- Offer Exclusions
Select the “Earn $” option to find out if you need to do a specific task to get more cashback . The more tasks you complete, the more money you can earn. The tasks are quite simple, and include:
- Watch a video or advertisement
- Upload something to your social networks
- Answer a short survey
- Write a review or comment about a product
Claim the offers you want
When claiming them, you will have a certain period of time to complete the purchase . You can shop online or in person at more than 300 participating stores . Later we will leave you the complete list.
You should also look at the extras in the store, as it will allow you to see what other discounts and offers there are in that location . In this way, you can make a single trip, successfully save on your purchases and earn additional money in various ways.
Register the purchase
If you do not register the purchase before the end of the term, you will not be able to get your cash back . How do I register a purchase in Ibotta? Pressing “Redeem” and following the prompts . The step by step to follow will depend on how you purchased your products:
- Upload the receipt . If you buy in person, scan the barcode of the product with your mobile phone camera and take a photo of the invoice or purchase receipt.
- Link your loyalty card . Did you decide to shop with a loyalty card, like the Walmart credit card ? Link the card to your Ibotta account and the mobile app will do the rest. Of course: not all fidelity or loyalty cards work with Ibotta. Before opting for this alternative, make sure that your card is included in the list.
- Buy online with the extension . If you shop online at a store affiliated with Ibotta’s money-saving browser extensions , you won’t have to do anything. Just make sure to include the product in your list of offers to claim by clicking the plus symbol (+) that appears in the bottom corner of each item.
Wait for the app to verify the purchase
When you have claimed the offer or bonus and registered your purchase, Ibotta will verify that everything is correct and that you have complied with the terms and conditions. As you can see, the application works in a similar way to banks that give away money for opening an account . If there are no mistakes, it will give you the cash reward .
How to earn money with Ibotta App?
The first way to earn money with the Ibotta App is to accumulate cash back or purchase gift cards. Under this modality, you can earn a minimum of $0.10 and a maximum of $5 per product. The mean stays between $0.50 and $1 . Each offer has its own bonus amount, so we advise you to choose very well.
There are also other ways to make money in the US using the Ibotta App , from special bonuses to cash for referring your friends to the app. Let’s see all the ways to save and earn with Ibotta.
Referral bonuses are, as the name implies, a sum of money that Ibotta gives to users for recommending the mobile application to their friends . The system itself is similar to other online platforms, such as UBER and Lyft . In order to earn the cash, people need to sign up and claim an offer using the referral link.
In this case, Ibotta also rewards newly registered friends, so it will be a win-win for both of you. Currently, you can earn $10 for each referral and $20 for creating a new account through a friend’s link .
Welcome bonuses belong to the brand’s loyalty program and are assigned to new users who create an account on Ibotta App . The amounts vary depending on the conditions of the offer.
The highest refunds 100% of your purchase up to a maximum of $30 (available only in some stores). However, the average welcome bonus is $15 . Only some sectors, such as Webull and investment apps , exceed this amount.
Special bonuses are available for completing tasks. They can be linked to a single retailer or to all of them and have an average value that ranges from $2 to $5 . You will have a limited time to complete all the tasks and thus unlock the special bonus. Once you earn the first bonus, you can continue working to unlock the others on the list.
NOTE. Although Ibotta’s special bonuses do not pay more than $15 an hour , they are a great alternative to increase income and savings on purchases.
By linking your Facebook (Meta) account to Ibotta and sharing the app with your friends list, you can create a team of savers. Every time the team reaches one of the goals in the app, you earn $0.50. The more friends you have on the team, the more money you will earn. Plus, you’ll receive a special $3 bonus for every new member that joins your team.
NOTE: To get the $3 new team member sign-up, your friend must sign up for Ibotta using your referral code and redeem an offer or cashback.
How to save even more with Ibotta
One of Ibotta’s advantages over other coupon and discount apps is that you can combine multiple ways to save to maximize the amount of cash back . Let’s look at some ways to do it:
Use store offers
Check the sales and discount bulletins of your favorite stores to find out if there are important discounts on the products you usually buy. If you find something that catches your eye, look for the article on Ibotta. Thus, you will save twice.
Combine Ibotta with discount coupons
Ibotta allows you to get additional savings when you use store coupons and discount codes . Loyalty cards and programs also fall into this category. You can, for example, take advantage of the benefits of the Home Depot credit card and those offered by the Ibotta App to buy what you need and save a lot in the process.
Don’t rule out blanket refunds
That is, those that are not associated with a specific brand. Although the bonuses in this category are smaller in value (up to $0.50) they allow you to shop and earn on generic or branded items not available in the app . As you can see, there are many ways to save on your medical bills or on your daily purchases.
Take advantage of Ibotta’s scanner
As you shop at the store, scan the barcode on the products. In this way, you will be able to check all the necessary conditions to take the refund home . Terms and conditions may be subject to number of items, flavor, presentation size, etc.
How much money is earned with Ibotta
With so many ways to save, it’s hard to estimate how much money you can make with Ibotta. According to our research, a good saver can get between $5 and $10 per week on the application, this aside from the special bonuses of the platform.
If you use Ibotta App consistently and wisely, you can earn up to $500 a year . This amount could be even higher if you buy with your cashback credit cards . Keep this in mind before you start using the platform.
How to collect the money from Ibotta?
In essence, there are three ways to collect money from Ibotta. The ideal will depend on your needs and financial profile . You may:
- Redeem the money for a gift card . With Ibotta, you have the option to redeem the money saved for a Target gift card or any of the other stores on the list. Gift cards are typically priced at $25 and up.
- Request earnings in PayPal . A method with many added advantages, especially if you have a PayPal debit card to mobilize your money without much effort. Transfers to PayPal are, in addition to free, fast, since they are reflected in your account instantly.
- Withdraw profits to your bank accounts . Register your checking account with Ibotta to withdraw the money in cash. The transaction will be made through an ACH transfer (ACH transfer) in 1 to 3 business days.
REMEMBER: Normally, to purchase a gift card at Ibotta you need a minimum of $25. To withdraw your earnings to a bank account or your PayPal account, $20.
Ibotta App Review
Most of the Ibotta App ratings are positive . In fact, it has 4.8 out of 5 stars on the Google App and 4.5 out of 5 on the App Store. Only on Android, more than 10,000,000 installations are registered on mobile devices, which gives us a clue of its usefulness, advantages and operation.
Unfortunately, the application is not available in Spanish , a big drawback for the Hispanic community. However, the buying and saving process is so easy to understand that you should have no problem using it.
When it comes to security measures, Ibotta follows the lead of other financial apps with bank-level encryption, personal data encryption, and Touch ID to verify identity . In terms of operation, it has a very intuitive design with educational resources that will help you save more in the process.
Where to buy with Ibotta
Practically anywhere you want. There are more than 300 stores affiliated with the app. In any of them you can find several ways to save, from cash rebates to exclusive discounts.