Stack the savings: 5 ways to maximize cash back rewards for shopping
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Are you taking full advantage of the rewards and benefits when you shop? If not, you're not alone. In this post, we share the top 5 ways you can stack the savings and earn even cash back on many of the purchases you’re already making.
1. Cash back credit cards
A cash back credit card is one of the most popular and rewarding ways to earn cash back for shopping. With these credit cards, you earn cash back on every purchase you make. The amount of cash back you earn can vary, but it can be as high as 5% on certain purchases. You can then redeem your cash back for statement credits, gift cards, or other rewards.
When choosing a cash back credit card, be sure to read the terms and conditions carefully. Look for a card that offers cash back on purchases you make frequently. Also, pay attention to any fees or interest rates associated with the card.
Some of our favorite cash back credit cards are:
- SoFi Credit Card: up to 3% cash back on all purchases
- Citi Double Cash Card: up to 2% cash back on all purchases
- Chase Freedom Flex: 5% cash back on rotating categories, 1% cash back on all other purchases
- American Express Blue Cash Preferred Card: 6% cash back on groceries and select streaming services, 3% cash back on US gas station and transit purchases, 1% cash back on everything else
- Discover It Cash Back Card: 5% cash back on rotating categories, 1% cash back on all other purchases
2. Cash back apps
Cash back apps are another great way to earn cash back for shopping. These apps work by giving you cash back for purchases you make at participating stores. You simply download the app, link your credit or debit card, and start shopping.
Before using a cash back app, be sure to read the terms and conditions carefully. Some apps have minimum purchase requirements, while others may only offer cash back on certain products or categories.
Some of our favorite cash back apps include:
- Rakuten: link your debit or credit card to automatically earn cash back at major retailers
- Dosh: link your debit or credit card to automatically earn cash back at major retailers and restaurants
- Ibotta: upload a receipt of your purchase and earn cash back rewards
3. Cash back websites
Similar to cash back apps, cash back websites offer you cash back for shopping at participating stores. However, instead of downloading an app, you simply visit the website and click through to the store you want to shop at. The website then tracks your purchase and gives you cash back.
Some popular cash back websites include:
- TopCashback: start shopping from the site and automatically earn cash back at select retailers
- BeFrugal: start shopping from the site and earn cash back whenever you make a purchase
Again, be sure to read the terms and conditions carefully before using a cash back website. Some websites may require you to create an account, while others may have restrictions on which stores or products are eligible for cash back.
4. Store loyalty programs
Many stores now offer loyalty programs that give you cash back for shopping. These programs typically work by giving you points for each purchase you make. You can then redeem your points for cash back or other rewards.
Some popular store loyalty programs include:
- Target Circle: earn 1% back to use towards a future Target purchase
- Kohl's Cash: earn $10 Kohl’s Cash for every $50 spent
- CVS ExtraBucks: earn 2% back in ExtraBucks Rewards, and more
- MyMcDonald’s Rewards: earn points on every order to redeem for free McDonald's
- Starbucks Rewards: earn up to 2 points per $1 spent at Starbucks and redeem for free drinks and food
When signing up for a store loyalty program, be sure to read the terms and conditions carefully. Look for a program that offers rewards for purchases you make frequently. Also, pay attention to any expiration dates or restrictions on how you can use your rewards.
5. Cash back on travel
If you're a frequent traveler, you can also earn cash back for your travel expenses. Many travel credit cards offer cash back on airline tickets, hotel stays, and other travel expenses. Additionally, some travel websites and apps offer cash back for booking your travel through them. Some popular options include:Expedia, Booking.com, and Hilton Honors (you can sell your points back to Hilton for cash).
When using a travel credit card or booking through a travel website or app, be sure to read the terms and conditions carefully. Look for a card or website that offers cash back on the types of travel expenses you make frequently. Also, pay attention to any fees or restrictions associated with the card or website.
In conclusion, there are many ways to earn cash back for shopping. Whether you prefer to use a credit card, app, website, or loyalty program, there is an option out there for you. The best part is that you can usually take advantage of at least two of the above options for the same purchase, increasing the overall value of your savings.
By taking advantage of these cash back opportunities, you can save money and get rewarded for purchases you’re already making!