Whether you’re looking for a creative way to achieve your goals or simply want to maximize your spending, cashback programs are designed to help you save.
Top cashback programs help you spend less, giving shoppers perks on everyday purchases that lead to gift cards, discounts and cold cash.
This means that not all of these programs are worth your time.
There are 11 free options for all shoppers, so discover the best cashback rewards program for your needs.
How does the cashback program work?
Simply put, you can receive payments using a cashback program.
Each program is different, but the basics are the same. Make a purchase, the program tracks transactions and receives incentives in return.
Some programs offer direct deposits to your debit card, Venmo, or PayPal account. Others are cashing out through free gift cards to top retailers.
The best part is that these programs don’t have to spend on the trajectory to earn cashback.
Life remains the same. Regular shopping at grocery stores, gas stations and supermarkets will quickly earn serious cashback rewards.
Check out this post for the best ways to save more on groceries!
Types of cashback programs
There are several types of reward programs, each offering a different revenue and ways to unlock them. For the purposes of this post, we will focus on a 100% free use cashback program.
But first, let’s explore some of the major types that are likely to encounter.
Free cashback program
One of the most popular ways to earn cashback is the free app or browser extension used to track your spending.
When you make eligible purchases through these platforms, you will collect points. These points can be cashed through direct transfers to retailers or through free gift cards, dining options, and more.
You can also earn points by scanning receipts. These programs award redemption points for that data.
Learn more about how to win a free Walmart gift card and a free Starbucks gift card!
Credit Card Cashback Program
Credit cards are well known for offering lucrative cashback programs, both in cash rewards and gift card rewards.
Some cashback credit cards come with an annual fee, so do some research on the best credit cards for your spending habits.
Many credit providers also offer sign-up bonuses. Alias, sign up to get free money!
Finally, providers who like Discover will offer cashback matches. They match the amount of cashback you earned in your first year and double your rewards.
Popular programs include Walmart Rewards Mastercard, Discover Cashback, Blue Cash Edayday (American Express), and Capital One Savor.
Loyalty Program
One of the most popular cashback incentives is to sign up for a brand-specific loyalty program. These programs are free or annually paid, and are highly rewarded for paid programs.
The loyalty program offers a variety of incentives, including bonus points, exclusive coupons, free shipping with minimal, and free purchases.
Many of these programs only offer cashback that can be spent in the store. However, if you’re a frequent shopper, these programs can be rewarded!
Check out these posts from the best coupon sites and how to get free ones for more savings tips.
11 cashback programs to save money
These free programs pay you for your expenses. Scroll through the scrolling to find the perfect cashback solution for your spending (and saving) needs!
1. I’m not going to
Ibotta is one of the easiest ways to make money on your smartphone. The process is simple:
- Download the Ibotta app
- Load offers to your account
- Buy groceries in-store or online
- Scan your receipts to earn cashback!
The app can be used by thousands of retailers, including popular shops such as Walmart, Amazon, Uber, CVS and more.
You must earn a minimum of $20 cashback before redemption via a gift card or instant payout.
- Ibotta gets a 3.8 star rating on TrustPilot.
2. Rakten
Previously, Rakuten offered coupons, special offers and cashback on eligible purchases.
Use the app or view categories directly on our website.
Rakuten’s big attraction is its extensive partnerships with top retailers. No matter where you buy, you’re almost guaranteed to receive cashback and money from your purchase.
Check out this complete Rakuten review for more information.
- Rakuten gets a 4.5 star rating on TrustPilot.
3. Capital 1 Shopping
Despite its name, Capital One Shopping is different from traditional credit card rewards. It’s free to use and you don’t need to keep a Capital One Banking account to do so!
Install the browser extension and enjoy the benefits!
You will receive a coupon code for online shopping and cashback that can be redeemed via a gift card.
4. Get rewards
Fetch Rewards also offers gift cards as cashback.
Like Ibotta, the platform offers cashback to scan receipts in-store and online purchases. Fetch allows you to earn “fetch points” to use mobile games and apps.
They offer spinning bonus points to popular brands.
- Fetch Rewards gets a 3.9 star rating on TrustPilot.
5. Receipt Hog
Receipt Hog offers rewards and cashback for in-store and online purchases. Scan your receipts, upload them to the app and earn rewards.
As a bonus, you can complete your in-app survey with more points.
Points can be redeemed via Amazon or Visa gift cards or directly into your PayPal account.
- Receipt Hog gets a 3-star rating on TrustPilot.
6. My Point
MyPoints is a balanced cashback program that offers free gift card rewards for groceries and online shopping. Plus, the platform provides easy access to the best coupons available.
You can also earn points through daily assignments, online research, and using mobile apps.
It also offers a $2 sign-up bonus.
- MyPoints has a 4.4 star rating on TrustPilot.
7. Coin out
Like Receipts Hog, Coinout is a mobile app that allows you to earn coins (points) for each receipt you upload to the app. You will need 3,000 coins to win a $3 Amazon gift card. The more coins you earn, the more options you have for rewards, such as gift cards from PayPal, Venmo, Amazon and other retailers.
Most receipts are worth 10 coins, but there are additional ways to earn coins and bonuses, such as connecting emails, Amazon, Walmart, Target, and other accounts.
8. Honey
Honey is one of the most popular smartphone apps that pay for real cash. It also provides browser extensions when necessary.
When you shop through honey, you will receive “Honey Gold” which can be exchanged for a gift card.
Integrate coupons into your extension for the best possible deals.
9. Pacey Reward
Payce rewards can be used via the mobile app or through the free browser extension. Either way, the process is simple. You shop through the platform and receive cashback once you reach a minimum of $10.
We will also notify you of upcoming transactions with your favorite retailer.
Payment is easy and can be applied to Venmo, bank accounts, PayPal, existing debts, or charities.
10. Check out 51
Checkout51 is a specialized cashback program that offers instant rewards and cashback at participating grocery stores and gas stations.
This app is perfect for those looking to earn cashback just for essentials.
Once you reach $20, you can redeem your cashback.
11. Swagbucks
Many people know Swagbucks as the best research site, but did you know that it also offers cashback extensions?
Swagbucks offers coupons, promotions and cashback when shopping with qualified retailers. You can cash out directly via PayPal or receive rewards like a free Amazon gift card.
You can also increase your rewards by linking your Swagbucks account with your existing credit card.
- Swagbucks gets a 4-star rating on TrustPilot.
Cashback Program FAQ
Here are some frequently asked questions about using a cashback program.
Why do businesses offer cashback?
You may be thinking, “What’s in stock for the company?”
Cashback platforms, brands and credit card companies all benefit from these programs. These benefits include:
- Valuable data: Your spending habits are worth the money. Receipt Scan Program tracks and sells data and provides a return on investment.
- Customer loyalty: Offering brand-specific perks can increase customer engagement and retention for long-term customer loyalty. Why shop elsewhere when you can stick to one brand and profit?
- New customers: Your dollars matter! Cashback programs attract new customers who are attracted to rewards. Reward programs help brands stand out and give them more competitive than similar brands.
Is the cashback program legal?
You are right to question all kinds of “free” money. However, with the above program there is no catch. As long as you shop responsibly, you can benefit from all the perks without spending too much.
That being said, there are some deceptive cashback programs out there. Always research and be aware of hidden charges before adding banking information to any platform.
Final Thoughts on Cashback Programs
At its best, cashback programs need to be seamlessly integrated into your daily life. Photo snaps or button clicks to provide rewards based on existing spending.
Signing up for one of these programs is an easy way to earn passive income (the best kind!).
Looking for a way to add it to your wallet? Check out these helpful posts on simple living tips and creative ways to make $100 a day.