Last updated on October 31st, 2019
We earned $33.75 in Ibotta rebates in our first month using the app! Read through our Ibotta review to discover how you can do the same.
Or just grab your FREE Ibotta account and earn a $10 sign up bonus by using Ibotta referral code YKRYURS right now.
I don’t know about you, but in my house the grocery bill can get pretty crazy.
We’re a family of five plus we have two pets to feed, so our food bill is easily one of our biggest monthly expenses.
But you’ve got to eat right? Keeping food on the table is an expense that just can’t be avoided.
But we can try to minimize our food bill, so I’m always on the lookout for new ways to save money on groceries.
One of my favorite ways to save money is by using coupon apps like Ibotta.
What is Ibotta?
Ibotta is a free coupon and cash back shopping app that works on both iPhones and Android phones.
I’m notorious for going to the supermarket and forgetting to hand the cashier my coupons. I can’t tell you how many times I’ve gotten home and realized I still had a stack of coupons sitting in my pocket. Or sometimes I leave them at home altogether.
But with the Ibotta app I never have to worry about that again because I don’t even need to show their digital coupons to the cashier. All I need to do is take a picture of the receipt when I get home.
How Does Ibotta Work?
It’s super easy to earn cash back with Ibotta. Let’s go over the steps one at a time and you’ll see how simple it is.
Step One – Click here to download the app with my Ibotta referral code (YKRYURS) to get a $10 sign up bonus.
Step Two – Browse through the different stores and categories to find products you need. There are literally hundreds of products to choose from so I guarantee you will find some that fit your needs.
Below is a screenshot I took with my iPhone. My wife asked me to pick up a loaf of bread to make the kids sandwiches for school so I opened up Ibotta to see what kind of deals they had. That Nature’s Own bread was on sale for $1.99 and I got 95 cents back through Ibotta (75 cents for the bread coupon and 20 cents for the “any item” coupon, so I ended up paying only $1.04 for the bread.
That’s a pretty good deal!
You’ll notice that many of the deals are for specific brands, but you can also find a bunch of deals on generic products like the one above for cat food.
To unlock a cash back deal, just tap the red plus button on the product description. Sometimes you have to answer a quick survey question or watch a fifteen second video ad, but it is pretty painless.
Step 3 – Hit the supermarket. All of the deals you have unlocked will be added to your Unlocked Deals page which is like a shopping list so you don’t forget anything.
Just go to any of the dozens of participating stores and do your shopping as usual.
You can even use paper coupons to stack your savings. For example, I recently got an amazing deal on guacomole.
Ibotta had a $2 cash back offer on a container of Sabra guacomole. When I got to the store it was actually on sale for exactly $2.
Even better, I had a paper coupon for another dollar off. I ended up paying $1 at the store and then received $2 back through Ibotta. In other words I got paid a dollar to bring home free guacomole. Woo Hoo!
Step 4 – Verify Your Purchases. When you get home from the supermarket, all you need to do is take a picture of the store receipt and then scan the bar codes. Within 24 hours the funds will be added to your account. In my experience it usually hits my account in an hour or less.
NOTE – For some stores you don’t even need to scan the receipt as long as you connect the app to your store loyalty card.
Most stores still require you to scan the receipt, but I think with time that will become less common. And that’s great because you won’t have to worry about misplacing your receipt.
Once you hit $20 in savings you can request a payout. You can cash out and receive cash via Paypal or a gift card to a bunch of stores including Amazon, Starbucks, iTunes, and more.
Our Ibotta Review – The Final Verdict
We’ve tried out a number of coupon apps like Ibotta including Saving Star and Checkout 51. Ibotta is easily my favorite because it is so easy to use, has many products that offer cash back, and I’m able to earn money very quickly.
And did I mention you can earn cash back on beer too??
Here’s a quick breakdown of my earnings for just the first month of using the Ibotta app:
- Signup bonus – $10
- Two $5 referral bonuses for getting my friends to sign up using my Ibotta referral code – $10
- Cash back rewards on purchases – $13.75
- Total saved/earned through Ibotta in one month $33.75
Will you ever get rich using a coupon app like Ibotta?
But you can cut your grocery bill and earn some extra spending money with very little effort.
In my opinion, Ibotta is the best coupon app available and I strongly suggest you check it out now while they are still offering a $10 signup bonus to new members if you use my Ibotta referral code (YKRYURS).
Mike Collins has been working in the financial industry since 2002 and is a self-proclaimed money nerd. He’s written for numerous personal finance websites and been featured on sites such as MarketWatch, Fortune, and Business Insider. Mike created Wealthy Turtle to give readers the tools and knowledge to manage their money like a rock star.