Saturday, May 18, 2024
Saturday, May 18, 2024

Save Big With These Top 5 Cash Back Platforms!

What is cash back and why should you care about it?

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You’re always looking to save more money, right? And in a post-pandemic world where prices only continue to go up and the possibility of a recession looms overhead, stocking away those pennies seems like a smarter idea than ever before. But those pennies can really add up – especially when they come in the form of cash back.

Cash back is a form of cash benefits that is revolutionizing the ways consumers can save. Cash back platforms allow users to make money back on everyday purchases from the comfort of their own home! Unlike other rewards programs, these services are free and there’s no need to worry about coupons or points. Cash back is simply just that – getting cash back from a purchase made.

Finding the right cash back solution to fit your needs can be challenging, but we had our editors scour the internet to find the best. Without further ado, here’s our ranking of the Top 5 cash back platforms that will give you the highest potential savings!

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Editor Rating

5/5

9.9

Overall Ranking

A +

Chirpyest is a cash back browser extension and platform that offers rewards with a unique twist. In addition to being able to earn up to 30% cash back from thousands of online retailers, Chirpyest members can also earn cash back for recommending products to their friends. This extension offers cash back from some of the most popular brands in the US, like Target, Nordstrom, Lululemon, Wayfair, SKIMS, Adidas and more, giving users the opportunity to earn rewards for both shopping AND sharing! Chirpyest is also Black-owned and woman-led, with an emphasis on building a loyal and diverse community of members, making it a valuable tool for all walks of life.
Ease of Use:
10/10
Cash Back Potential:
10/10
Quality of Eligible Brands:
10/10
Editor Feedback and Satisfaction
9.8/10

Pros

Cons

THE BOTTOM LINE

The Chirpyest extension differentiates itself from the competition with its unique suite of cash back sharing tools and a shopping board that allows users to save items and buy them later.

Editor Rating

4/5

8

Overall Ranking

B+

Rakuten is one of the most popular and well-known cash back platforms with over 17 million users and 3,500 affiliated stores. They’ve claimed to have issued over $3.7 billion in cash back rewards throughout their existence with users earning cash back from retailers like Aeropostale, J. Crew, Under Armour, H&M, Macy’s, Ulta Beauty and more. One of the most popular features on Rakuten is opting in for a reward offer, which allows users to connect a credit card to their Rakuten account and when a purchase is made with that card, they’ll receive cash back.
Ease of Use:
9.9/10
Cash Back Potential:
9.5/10
Quality of Eligible Brands:
10/10
Editor Feedback and Satisfaction
9.8/10

Pros

Cons

THE BOTTOM LINE

Rakuten is a great option for a cash back extension, but some users have claimed that it can take months to receive their rewards.

Editor Rating

3/5

6.4

Overall Ranking

B-

Honey launched in 2012 offering coupon codes to its members and now has 17 million monthly users. Honey’s coupon-finding browser extension originally went viral when the prototype was leaked on Reddit. Honey members earn $126 annually in savings between coupons, discount codes and cash back with tens of thousands of retailers available for coupons. Cash back on Honey also does not always mean actual cash back since Honey often rewards users with Honey gold points which can be redeemed for a reduced cash back amount, or a shopping credit on Paypal.
Ease of Use:
10/10
Cash Back Potential:
9/10
Quality of Eligible Brands:
9.5/10
Editor Feedback and Satisfaction
9.3/10

Pros

Cons

THE BOTTOM LINE

Honey is great for coupon codes and discounts, but fails to meet expectations with their cash back offerings.

Editor Rating

3/5

6.2

Overall Ranking

C

Founded in 2012 and affiliated with over 300 retail chains, restaurants, movie theaters, grocery stores and home improvement centers, Ibotta is yet another free browser extension and app. Ibotta initially focused on rebates for in-store purchase from grocery chains and big box retailers, but now offers up to 10% cash back from brands like Trader Joe’s, Alberstson’s, Dollar General, Harvest Market, Giant Eagle, Food Lion, Kroger, Kmart, Ralph’s, Whole Foods and more. On top of earning cash back shopping online, with the Ibotta app, users can earn rewards in stores and on mobile as well. Ibotta also allows users to connect to already existing store loyalty cards and apps for earning rewards and cash back seamlessly.
Ease of Use:
7/10
Cash Back Potential:
8/10
Quality of Eligible Brands:
9/10
Editor Feedback and Satisfaction
8.9/10

Pros

Cons

THE BOTTOM LINE

While Ibotta’s app offers powerful options, it’s ultimately too much of a hassle to earn cash back and their offers can be limited.

Editor Rating

3/5

6

Overall Ranking

C-

Fetch Rewards is a cash back app that enables you to save money on everyday purchases like groceries, things you pick up from convenience stores, liquor stores as well as most big-box-retailers. Whenever you shop at an eligible store, you simply need to upload a copy of your receipt to cash in your benefits once you’ve earned at least $3. In exchange for your receipts, you will be awarded points you can use to redeem gift cards. You can use this easy-to-use, free cash back app at all major grocery retailers like Trader Joe’s and Whole Foods as well as big-box retailers like Walmart and Target.
Ease of Use:
8/10
Cash Back Potential:
6/10
Quality of Eligible Brands:
8.5/10
Editor Feedback and Satisfaction
8.8/10

Pros

Cons

THE BOTTOM LINE

Fetch Rewards may be a good cash back option for you if you have a large household for whom you need to constantly buy groceries and convenience items. However, it is limited in the points you can be awarded, and you need to remember to upload your receipt after every eligible purchase. So, it simply does not stack up to its competitors.

Amanda Allen

Amanda Allen (34) is a Staff Writer for The Daily Post covering Healthy, Beauty, Fashion, and Fitness. In her spare time, she trains for her next marathon and plays with her dog Pico. She enjoys a nice glass of pinot noir and plays tabletop games with her friends.