What are the best cash back options available?

Are you searching for the best deal on getting cash back while you shop?

Cash back Introduction

I have reviewed four prominent cash back options to utilise while you shop and be rewarded just for shopping. These different platforms offer similar services rewarding you for shopping with their partnering brands. Firstly, by shopping online with the partner brand you are getting a better deal that in store. Secondly, the online retailers are rewarded for gaining a new customers. Thirdly, I will discuss rebate options that offer a percentage discount, flat fee or rewards through digital assets. Given the range of options, it is important that you consider each of the platforms on their own merits. I have summarised below three different online cash back platforms in the market:

1. Cashrewards

Cashrewards is an automatic cash back option that can be used online or in store to earn a percentage back on shopping. Founded in 2014 this online platform rewards shoppers with a commission shopping with partnering brands. Once your cash back has been approved by the retailer your rewards and stored in your cash back account. You can then redeem the reward or used on other purchases. Cashrewards offers over 2000 stores to choose from. This makes it one of the most popular options to earn cash back in the market.

I have used this option to make smaller retail purchases earning a reward each time I shop. If you would like to get started you can earn a $10 reward just for signing up. To qualify, you must first spend $20 on your first purchase within the first 14 days of signing up. Head to the cashrewards homepage to get started. As it is a refer a friend I would receive a small reward after the qualifying purchase is made.

2. Shopback

Shopback allows you to shop, earn and pay for items online shopping with partnering retailers. Popular online retailers include Ebay, Amazon, The Iconic, Booking.com, Myer and more. Cash back options can be offering in the form of a percentage of the purchase. Alternatively a set amount or minimum spend can be a condition on some of the offers. Therefore, It is important you review the cash back offers available.

I note that these offers regularly change depending on the promotion in place at the time. You can get a chrome extension of the app installed to stay up to date with the latest offers and promotions. To sign up and get started first head to the Shopback Homepage. I have included the refer friend link to assist with the sign up process. I would also get a small reward upon meeting the qualifying spend. Next, add your withdrawal details and make a $20 qualifying purchase to unlock a $10 reward through the refer a friend program.

3. Crypto.com

Crypto.com is an online cryptocurrency platform that provides users an option to buy and sell cryptocurrency. However, the feature that I am going to discuss takes advantage of the crypto back feature. This feature rewards users who make payments spending through the crypto.com platform. For instance, by creating an account you can get a rebate on your Spotify subscription. Unfortunately this feature is being removed in January 2023.

To take advantage of the crypto back options you can earn a 2% rebate or more depending on the tier of your account with crypto.com. This is not as high as other rewards platforms therefore it is important to do your own research. I originally used this cash back option when it was offering high rewards. However, I may switch to other options as the offers change and I review the items that I am purchasing through the platform.

4. Wirex

Another crypto provider that offers a cash back option is Wirex. This platform provides rewards in the their own WXT digital asset. At the time of writing this article they are offering account holders up to 8% back in WXT on all online and in-store spending with Crypto back rewards. Given the complexity and volatility of some of these digital assets I am less inclined to use these platforms to access rewards. However, they are an option available in the marketplace and therefore worth discussing as an option to earn cash back rewards. Furthermore, there are many other platforms can offer equal or better rebate programs.

Therefore, I recommend you review all the different shop back providers in the market to determine which is going to be best suited to maximise your rewards. To get started with Wirex they are offering $30 to new subscribers that deposit $200 (USD) for at least 30 days in the account. I would get my own independent advice before registering with any online platform given that this is general advice and nothing discussed in this article is considered financial advice.

Cash back Summary

I have discussed four different options that will enable you to start earning cash back while you shop. Whether you choose to earn rewards through cashrewards, shopback, crypto.com, wirex or another platform make sure you do you own research. Searching for the best deal offering the highest flat reward or large percentage can feel rewarding knowing you are getting some money back on your purchases. If you are looking for other ways to maximise your money, make sure you check out the side income ideas to boost your income. Everything discussed in this article is general in nature and not considered financial advice.