Types of Cash Back Apps
If you’re looking for a simple move that can save money, cash back apps are one way to go. But not all cash back apps function in the same way. Here are some of the types that are available:
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Earn points: Some of the best cash back apps reward you with points. The more you shop and spend money, the more points that you earn. Eventually, you can redeem your points for cash back or exchange them for a gift card.
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Earn cash back: The best cash back apps are all about the cash rewards. Each purchase will earn a certain cash back amount, and your earnings accumulate until you’re able to cash out. Rewards can be redeemed for cash or a gift card.
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Receipt scanning apps: Some cash back apps require you to upload or scan your receipt after shopping. You’re then rewarded with points or cash based on the eligible purchases that you make.
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Card-linked reward apps: Some of the best cash back apps require you to link your credit card or debit card. Doing this allows the app to check and see when you make eligible purchases. This is helpful for people who don’t want to take the time to scan a receipt. Instead, the app does the work for you and tells you when you have earned rewards.
Features of the Best Cash Back Apps
While there are many grocery cash back apps and cash back receipt apps available, you want one that has features that are the most useful to you. Here are some of the features that you should look for in the best cash back apps:
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Rewards redemption options: It should be easy for you to redeem the rewards that you’ve earned. Look for the best cash back apps that offer multiple redemption options. If cash back is awarded, you should be able to request a check or have the money sent to PayPal.
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Can be used at many stores: The best cash back apps can be used at many stores. You want to make sure that you’ll get regular use out of the app that you choose and that the retailers listed fit with your shopping preferences and habits.
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Low minimum redemption amount: You want to be able to cash out your earnings quickly. Be sure to look for apps that have low minimum redemption requirements so that you’re able to get access to your money or redeem for gift cards sooner rather than later.