Rebekah MayIf you’re big on online shopping, then using cashback sites is a no brainer. For minimal effort, you could find yourself saving tonnes of money each year.
Pros Of Using Cashback:
The main advantage of using cashback is the discounted price you receive, simply for choosing to shop with a certain cashback company. In most cases, the reward is less than 10% in cashback, although occasionally you will see deals for a much higher %.
10% cashback might not sound like a huge discount, but when used regularly can save you hundreds of dollars each year.
Another big advantage of using cashback sites and apps is the huge variety of different products and services you can save money on. Cashback sites in the U.S & Canada often have rewards from high-end tech brands to groceries. Whatever you’re shopping for, there’s bound to be an offer out there just waiting to save you money!
Most cashback sites will require you to create an account but are then generally free to use. Quite often you can earn money by referring friends to join. In some cases, you’re even rewarded a small % of your friends purchases.
How Do Cashback Sites Work?
Cashback sites and apps are super easy to use. Once you’ve signed up for an account, search for the retailer you’re looking to buy from. Click on the retailer, and you’ll be directed to their website.
Any purchase you make from the website will be tracked, and the cashback amount will be added to your account. As soon as the transaction has been processed, and you pass the returns period, you’ll be able to withdraw your funds. Normally you can access these funds by Paypal, a cheque, a gift card, or air miles.
The Best Cashback Sites:
Let’s take a look at some of our favourite cashback sites in the U.S and Canada.
1. Wikibuy
Wikibuy is a cashback app that offers rewards from over 10,000 shops and restaurants, both online and instore. It’s currently used by over 1M savvy savers, looking to find the best deals and offers in the market.
Use Wikibuy to compare the prices of millions of products, and set up notifications so you know if the price has dropped on items you’ve previously viewed.
Shop through Wikibuy and you’ll earn credit which can then be redeemed for gift cards with retailers like Walmart and eBay.
Even add their Chrome extension and become a part of the huge community of Wikibuyers who search for the latest deals or discounts.
2. MyPoints
You could say that MyPoints is one of the original cashback sites, as they date back to 1996. To earn points with MyPoints you just have to shop online, buy groceries, and take online surveys. You can even earn points just by watching videos. These points can then be used to claim gift cards, travel miles, or cash via PayPal.
Once you’ve signed up with MyPoints you can either search by retailer name, or you can look through their extensive list of stores listed alphabetically. Once you’ve decided which retailer you’re going to shop with, the site will track your spending and assign 25 points for every dollar you spend.
The monetary value that the points are worth then depends whether you’d like to reclaim the reward through cash, Airmiles, or gift cards.
3. Emma
Yeah, you’ve read that correctly. Your favourite money management app is now offering amazing cashback offers through the Rewards section.
Head to the “Save” tab and then click through to Cashback. From here you’ll find tonnes of deals across your favourite beauty, fashion, food, and tech brands, some with as much as 50% cashback on offer!
Click on a retailer that takes your fancy and we’ll direct you to their website. Anything you purchase will then be linked with your Emma account and your rewards will show in your Emma wallet. You can then withdraw the money by sending it straight to your PayPal account.
The best part is we don’t take a cut from the cashback you receive like some other sites, so we have some of the highest cashback offers out there!
4. Dosh
With the cashback sites and apps we’ve mentioned previously, there is a reliance on you remembering to check the sites before you make any purchases.
This next cashback site automatically applies any cashback to your account any time you use a connected card to shop. You can shop from a range of brands including Walmart, ASOS, Disney, and Sephora.
Dosh’s slogan is “It All Adds Up” which perfectly sums up the advantages of cashback – with little to no effort, you can save large amounts of money.
Start by downloading the Dosh app and then link any cards you might use to make a purchase – you’ll then start saving money every time you shop, dine and book hotels. No receipts, no coupons and no promo codes needed!
5. Rakuten
Rakuten, formerly known as Ebates, is a cashback site that offers rewards from retailers like Amazon, and lets shoppers earn cashback, instead of points.
Since launching in 2012 they have helped people save over $70 million in cashback from their favourite retailers. The cashback you can receive on Rakuten depends on the store and the current offer but can be anywhere between 1% to 40%!
Every time you shop through Rakuten they log your purchases, and credit your account within 24 hours. As long as you have reached the minimum withdrawal limit, you’ll be eligible to receive a payout every quarter. You can take this as a physical cheque, a Paypal deposit or as an Amazon Gift Card.
Summary
If you’ve never used cashback before then make it one of your financial goals for 2020. After using cashback a couple of times, it will become second nature and we bet you’ll enjoy reaping the rewards.
If you’ve had any success with any of these cashback sites and apps we’d love to hear about it. Similarly, if we’ve missed any cashback sites operating in the U.S and Canada that you think are great, get in touch via Twitter, or on our Community!
Emma is a money management app that connects all your bank accounts to track your monthly spending and subscriptions. We’ll help you visualise and take control of your finances. Make sure you aren’t overspending, and show you practical steps to start budgeting effectively.
Add comment