The popular money-saving app Ibotta has made it easier to track how much free cash you’ve racked up.
Ibotta offers multiple ways to earn cash rebates — basically, free cash back on purchases. With the latest update to the app, though, it’s easier to tell how much cash you have earned so far, and how much you’ll earn after pending transactions clear.
You can now find these and related details in the “Account” section of the app. Ibotta explains:
“From the Account section of the app you can view your current account balance, which includes a progress bar that tracks how far you are to cashing out. You can also view the amount of cash back you have pending.”
With Ibotta, you must rack up $20 in cash rebates before you can get paid. Ibotta calls this “cashing out.” This latest app update makes it easier to tell how close you are to being able to cash out, and how much cash is available to you.
When you’re ready to claim that cash, you still have three options. You can choose to have it:
- Transferred to a PayPal account
- Transferred to a Venmo account
- Converted to a gift card
Note that racking up $20 is easier than you might think, as Ibotta is currently offering a $10 welcome bonus for registering for an account.
More about Ibotta
Ibotta is a free app available for Android and Apple devices. We’ve told you about it in stories like:
The app enables you to earn cash rebates on purchases from all kinds of places — including more than 300 retail chains. As Ibotta’s website puts it:
“Ibotta is a free app that pays you cash for everyday purchases. Ditch the coupons and get cash back the fun and easy way. Ibotta has exclusive offers at your favorite grocery stores, retailers and shops.”
There are three methods you can use to score cash rebates through Ibotta:
- Make purchases from online retailers by going through Ibotta, effectively using the app as a cash-back portal.
- Take photos of your receipts.
- Link your store-loyalty program accounts with your Ibotta account.
If you don’t already use Ibotta, start by simply signing up for an account. It’s free to sign up for and to use Ibotta.
To learn about other cash-back portals, check out “3 Websites That Pay You to Go Shopping.”
Do you use Ibotta? Tell us about your experience by commenting below or over on our Facebook page.
How to find cheaper car insurance in minutes
Getting a better deal on car insurance doesn't have to be hard. You can have The Zebra, an insurance comparison site compare quotes in just a few minutes and find you the best rates. Consumers save an average of $368 per year, according to the site, so if you're ready to secure your new rate, get started now.
Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.