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With the hundreds of money saving apps out there it is hard to decide which one is worth your time to download and use. When I was introduced to the FREE IBOTTA app, I was clueless about how it worked but I was intrigued because my friend Erin raved about it. I figured I didn’t have anything to lose just to download it and try it…
One thing I had to learn was the Ibotta uses rebates which collect in your account and you can redeem for money or gift cards. (I will get into that later) Now please now that rebates are different from coupons because with coupons you get the money discounted at the register so pay less. With rebates, you get the money back AFTER you purchase the item.
I was right and super happy that I followed my instinct to try this app out. They have rebates for major stores and websites like Walmart, Amazon, Target plus other local stores which for me the big one is Shoprite. You can search for the type of rebate you want or browse through the stores they offer rebates.
Now please now that rebates are different from coupons because with coupons you get the money discounted at the register so pay less. With rebates, you get the money back AFTER you purchase the items.
Normally, I use Ibotta for my grocery shopping at either Walmart, Target and Shoprite. They seem to be the ones I get the most rebates for plus bonus rebates. (Yes I said bonus rebates…. just wait because it is cool) Honestly, I prefer Walmart because when you go to redeem your rebates all you do is scan the QR code at the bottom of the receipt instead of taking a picture of the ENTIRE receipt. With the other stores, at least so far, you have to take a picture of the entire receipt and if it is to dark or blurry then they reject it and you have to start all over. I just get to frustrated to deal with that sometimes.
After all of that information I am sure you are a little lost, so let me walk you through the process. You must begin this process BEFORE you go shopping because the rebates only count if they are selected before you purchase something! Select the store or rebate you want to look at, click the specific rebate you are interested in, click to get the rebate, complete either the survey or watch the video (its a pain but worth the rebates) and then you can check whether the item you are looking at in the store is qualified for the rebate (sometimes specific flavors or types of items are excluded), purchase your qualifying items, redeem your rebates then watch the money grow in your account.
Let’s talk about the cool bonuses they offer! If you connect your account through Facebook then everytime one of your friends joins Ibotta they become part of your “team”. When you have a team of friends, you and your friends earn towards different levels of bonuses everytime you redeem a rebate. These rebates start at $1 when you personally redeem 8 rebates and your team redeems $10 in rebates. Then you have different bonuses from manufacturers, stores/sites or Ibotta boosts (the company will give you an added bonus for redeeming so many rebates in a specific time period). These bonuses are how I have really made some extra money.
The last bonus is the invite your friends bonus where you can make $5 for each friend that joins under your referral code. The bonuses escalate with each friend you have join under your code which can add up really fast. I have yet to have someone join under my code because I am not pushy at getting my friends to do the things I am doing. I will share it on my Facebook or Twitter once in a while but that is about it.
Last but not least the awesome ways you can redeem your rebates! First you can withdrawl the rebates for cash into your Paypal or venmo accounts with a $20 minimum. Or you can redeem your rebates for cool gift cards like Itunes, Uber, Walmart, Amazon, tons of restuarants and other stores. Each of these gift cards has a minimum that needs to be in your account before you can redeem them. Personally, I use my bonuses to redeem Regal Movies Gift Cards because Danyella and I love to go to the movies. One $25 gift card is enough for us to buy movie tickets and then I just need the money for snacks.
So far, I have redeemed $271 in rebates over the past year and a few months! That is alot of movies we have seen just for buying things we use. Another nice thing about this app has been finding new foods or brands that I wouldn’t have normally tried but saw a good rebate so I tried it anyway and now have a new favorite. There is money to be made and fun you can have with this app so I highly recommend it. For the little time it takes to find the rebates, you can earn FREE money for the purchases you would be making anyways.
If you are interested in the Ibotta App here is the link to the website or you can find it for your smartphone in your itunes or android/google store.
*For those of you that do not want to use the app there is a website version that you can add the rebates to your account but you need the app in order to redeem the rebates.
**Please note that is not a paid endorsement from Ibotta but a review with my own opinions and love for the app and company.