What would you do with an extra $2,000? That’s how much money I’ve made since I started using Ibotta to earn cash back on my grocery purchases.
I’ve been a member since May 2014 and have learned that maximizing cash back requires a strategy. Let me explain…
Ibotta review: Earn the most cash back on your grocery spending
Some people are missing out on cash back by not planning. They shop for groceries and then open up Ibotta after they’ve returned home to see if there are offers that match the purchases they just made.
If this is your Ibotta strategy, you may only redeem one offer a week and have 25 cents to show for it.
I’m writing this post to share my method to earn the most cash back with Ibotta. Follow these steps and you can easily make an extra $25 to $50 a month.
1. Make a grocery list
My weekly grocery shopping starts with making a list. I’m not big on coupons (you can use them with Ibotta), but I do check my supermarket’s app for the weekly circular.
I write down the items I need before I check Ibotta so that I don’t add things to my list just because there’s a rebate or coupon.
2. Open the Ibotta app and search for offers
Next, go to Ibotta and click on “Find Offers.” Once you select a participating store, you’ll see a long list of cash back offers. Start with these categories if you’re in a hurry:
- Any Item
- For You
- Buy It Again
- What’s Hot
- Best Value
When you find an offer that you like, click on the plus sign to add it to your account. Sometimes Ibotta will require you to complete a task like watching a short video or answering a poll question.
All of the offers that you add to your account will be saved under “My Offers” to keep track of them.
3. Check for bonus opportunities
Once I identify the Ibotta items I want to buy, I check for bonus opportunities. There are typically several ways to boost your earnings by redeeming multiple offers.
Here are some examples of bonus offers that I completed this month:
- $2 for redeeming 5 offers
- $3 for redeeming 7 offers
- $5 for redeeming 10 offers
There are also multiple levels of teamwork bonuses that are like free money! The more that you and your team members use the app, the more cash back everyone gets.
(That’s why it’s important to join a winning team like mine, with hundreds of active members.)
4. Go back to your grocery list and note Ibotta items
After I’ve added Ibotta offers to my account and checked for bonus opportunities, I go back to my original grocery list and simply mark “Ibotta” next to items that qualify for rebates.
If you have coupons (digital and/or paper) or if any of your Ibotta items are on sale, the savings will add up quickly!
5. Go to Fetch Rewards and look for matching offers
My final step before heading to the store is to check another grocery rebate app called Fetch Rewards. It usually has about a dozen “Special Offers” that may overlap with Ibotta rebates.
Fetch Rewards doesn’t make you unlock offers or scan any barcodes — just upload your receipt to earn rewards.
I’ve only had Fetch Rewards since January 2018 and have already earned more than $300 in Amazon gift cards. Like Ibotta, the app also has a sign-up bonus. Get the details!
6. Use Ibotta’s barcode scanner at the store
Once you get to the grocery store and start adding items from Ibotta to your cart, open up the app and use the barcode scanner to make sure that they qualify.
If you pick up the wrong size or quantity, you won’t get the cash back. Don’t get burned!
7. Don’t forget your receipt
When the cashier asks if you want a receipt, always say yes! After you get home and unpack your groceries, immediately upload your receipt to Ibotta before you forget about it. You may also have to scan some barcodes.
Earnings are typically added to your account within a couple of hours, but it could take a couple of days.
8. Withdraw cash when you reach $20
Ibotta gives users multiple gift card redemption options after they reach $20, but I always take the cash. I have my earnings transferred to a PayPal account, but Venmo is also a choice.
9. Refer your family and friends
The $10 welcome bonus gets your family and friends halfway to their first $20 payout. When you invite them with your referral code, Ibotta will typically reward you with a few bucks.
The referral bonus has gone up and down over the years, but it’s been $5 for some time now.
Like I mentioned before, it’s really important to join a winning Ibotta team. I make more money every month because my team is full of rock stars — the top 30 people have earned from $201 to $1,340.
Fetch Rewards and Ibotta referral codes
- Use my referral link to sign up
- Download the Ibotta app and redeem an offer
- Collect your $10 welcome bonus
- Download the app: App Store (iOS) or Google Play (Android)
- Enter referral code Y2WFW
- Collect your 2,000 bonus points (sometimes 3,000)