Ibotta Review: Cash Back, $10 Sign Up Bonus? Is it Legit?

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If you’re anything like me, then you love to save money when doing your household shopping. The good news is there’s a great way of saving on everything from milk, eggs, and bread to toilet paper, soap, and even liquor!

What am I talking about? It’s a money-saving app called Ibotta which literally pays you cash back when you buy everyday items. It even allows you to team up with family and friends so you can earn more! The best part is: it’s FREE to sign up with Ibotta. Don’t miss out on the $10 bonus they are offering right now.

So if you hate coupons but want to save money, read this Ibotta Review to find out how you can save money using Ibotta instead.

What is Ibotta?

Ibotta is a simple and easy-to-use app that offers cash back whenever you purchase everyday items like groceries, cleaning products, and other household items. The app gives you multiple ways of earning cash back:

  • Select offers on everyday items purchased in store
  • Link a rewards card
  • Online purchases (like Ebates)

Any of these three methods will allow you to earn every time you make purchases. If you’ve been searching for an easy way of saving money on your purchases, this is the ideal app for you. With Ibotta, you can save in the grocery store, in a hotel, and everywhere in between!

You get tons of chances to save on the things that you’re already buying every day. Now, you can actually get cash back on your purchases even on the go. All you need to do is download the app to your phone, and you’ll be able to save money wherever you are.

How Does Ibotta Work?

Ibotta works in a very simple way. Follow these simple steps:

  1. Sign up with Ibotta
  2. Add Offers
  3. Go Shopping
  4. Redeem Cash Offers
  5. Withdraw Cash

That’s it! Now let’s take a look at the steps in a little more detail:

Signing Up

This takes a couple of minutes, and it’s absolutely FREE. As I’m writing this article, there’s a very generous bonus for signing up.  After using the app for the first time and redeeming your first receipt, you will receive $10 as a sign-up bonus.

You also get $5 for each person you refer. One of the great things about Ibotta is the low payout threshold. You can cash out your earnings when you reach $20. This means that just by signing up and using the app once, you’ll already be halfway there.

Adding Offers

There are many cash-back offers you can redeem right in there in the app. Once in the app, you will see various cash-back offers. After filling out a short questionnaire and selecting your favorite places to shop, your app homepage will show you custom tailored offers.

You can also browse additional offers in the app. All you have to do now is identify and select the rebates you wish to earn, then it’s time to go shopping.

Redeeming Cash Offers

This part is super easy. All you have to do is scan your receipt and you will get paid for the offer you selected. To redeem your rewards, simply tap Redeem Offers and upload your receipts. Select the offers that you found while shopping, and just like that, you’ve earned cash back. This entire experience takes only a minute or two.

Withdrawing Cash

Now comes the most exciting part: Getting PAID! After uploading your receipts, your cash will be in your account within the next 24 to 48 hours. As you’ve seen, the process of earning cash back from your everyday purchases is incredibly simple, which is why Ibotta is fast becoming a firm favorite.

Ibotta Review: Frequently Asked Questions (FAQ)

How Does Ibotta Make Money?

Whenever someone makes a purchase and redeems the rebate through the app, Ibotta gets a small commission credited to them. This is a sort of finder’s fee’ for directing customers to the products. Ibotta can also be referred to as a pay-per-sale ad platform where advertisers and brands are only charged if their ads result in a sale.

The company also makes additional revenue by making users answer polls and watch sponsored videos to unlock some rebates. Advertisers pay a lot to get their videos shown to a super-targeted audience.

How does Ibotta pay you?

After uploading your receipts, the money you earned in cash back rewards will be in your account within 24 – 48 hours. Ibotta gives you plenty of ways to use your money. You can cash out using either PayPal, Venmo, or Gift Cards. You can check your balance directly from within your app. You’ll be able to withdraw your funds in any of the ways stated above as soon as you reach $20.

How Many Times Can I Redeem an Ibotta Offer?

There are some offers on Ibotta that allow you to purchase multiple products and receive multiple credits. In such a case, you should check the details of the offer when adding it to your account. The offer details will specify how many times each offer may be redeemed per receipt. That tells you the number of times you can claim credit for each offer.

When you scan your receipt, you will have the option of selecting how many products you bought, after which you can scan each of the product barcodes.

Do Ibotta Offers Expire?

Yes, offers do expire. When an offer is originally posted in the app, there is a date and time to show when the offer will expire. Some of the more popular offers will sometimes even expire earlier than the given date. Whenever an offer expires, Ibotta does its best to get it extended or made available again as soon as they can.

If the expiration of an offer happens after you’ve bought the item, but before you’ve had a chance to submit the receipt, then simply get in touch with Ibotta and they will assist you. You can also check the app in the next day or two to see if a similar offer has been released.

How Do I qualify for Ibotta Bonuses?

There are four different kinds of bonuses that you can earn on Ibotta, namely:

  • Referral
  • Teamwork
  • Brand-specific
  • Non-specific bonuses.

To qualify for any of these, you need to review bonus details specific to you, complete the required number of redemptions, complete specific offer redemptions, or complete redemptions before the expiration date and time of the bonus. Ibotta may also offer you a bonus based on your specific usage or withdrawal activity.

How Old can Receipts be for Ibotta?

You have seven days from the date and time of purchase to submit your receipts to Ibotta. This means that if you buy the item on Monday at 10.00 am (your time), you have until the following Monday at 09:59 am to send in your receipt to Ibotta.

It’s always a good idea to send in your receipts at the earliest opportunity in order to avoid forgetting, and ultimately missing out on great offers. This redemption period of seven days is the same for all products purchased through Ibotta.

What Stores Does Ibotta Work At?

There are a lot of supported stores where you can use your Ibotta coupon app to earn cash back. For a comprehensive list of retailers that give rebates, check out the Ibotta website. But some of the most popular stores include:

  • Grocery and convenience stores like 7-Eleven, CVS Pharmacy, Target, and The Fresh Market.
  • Apparel stores like Chico’s, Express Factory Outlet, Famous Footwear, Macy’s, and Walmart.
  • Specialty & Gift stores including Lolli and Pops, Walgreens, Magazines.com, and Teleflora.com.
  • Electronics shops like Bed Bath and Beyond, BestBuy.com, TechArmor.com, and Toys R Us.
  • Restaurants including Ruby Tuesday, Red Robin, Quiznos, Hooters, and Chili’s.
  • Beauty and Wellness products from shops like Costco, Duane Reade, Sephora, and The Body Shop.
  • Sports and Fitness stores such as KidsFootLocker.com, Puma, Vitamin World, and Zumba.com.
  • Home and Office stores including Home Depot, Lowe’s, and Staples.

This also includes Beer, Wine, and Spirits purchased from any bars, convenience stores, gas stations, hotels, and restaurants. You also get a variety of other stores that sell products in the Babies & Kids, Arts & Crafts, Pets, Automotive, and Travel categories.

Ibotta Review Summary

So, is Ibotta worth trying? The short answer is, yes! The app is free, easy to install and use, and offers you multiple ways of saving money. There’s also that generous $10 sign-up bonus that you get. All in all, you have nothing to lose and everything to gain from using Ibotta. You simply trade a couple of minutes of your day for massive savings on things you’re purchasing already.

You can even connect with various other Ibotta users, join their team, and earn even more. This is a great app for anyone who does most of the grocery shopping for their household (and for whom saving is a priority). Sign up with Ibotta now, and you’ll be pleasantly surprised at how much you save the next time you go shopping.

Looking for more ways to earn cash back? Check out our review of Ebates.

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Hi, I'm GP. A personal finance expert with a mission to help Entirely Money readers break free of money worries. Combining a finance-focused education background (B.S. in Finance and MBA with Finance focus) with over 15 years of personal and corporate finance experience to help you achieve your financial best life!