In today's world of online and offline shopping, it's important to find ways to get the most out of your money. That's why cash back credit cards have become so popular. With a cash back card, you can earn money on every purchase you make.
Unfortunately, many consumers draw an imaginary line with credit cards and don't consider all of the other possible ways to get more cash back. In this guide, we're covering the most popular and effective strategies to earn more cash back on your everyday spending.
1. Use the Right Card
If you're not using a cash back credit card, you're missing out on easy money. Cash back cards offer different rewards structures, so it's important to find one that fits your spending habits. For example, some cards offer higher rewards for specific categories like travel or gas, while others have a flat rate for all purchases.
2. Shop through a Portal
When you're shopping online, be sure to go through a cash back portal
. These portals give you a percentage of your purchase back in the form of cash back, and they work with hundreds of popular retailers.
3. Use Manufacturer Coupons
In addition to store coupons and sales, you can also save money by using manufacturer coupons. These are found in newspapers, magazines, and online. When used in combination with store sales, you can save a significant amount of money on your grocery bill each week.
4. Get Cash Back on Groceries
Grocery shopping is one of the easiest ways to earn cash back. In addition to using coupons and shopping through a cash back portal, you can also sign up for a grocery store loyalty program. These programs typically offer cash back or rewards points that can be redeemed for free merchandise.
5. Use Discount Gift Cards
If you know you'll be making a purchase from a specific retailer, buy a discount gift card ahead of time. You can find these cards online or at grocery stores, and they'll give you a certain percentage off your purchase. For example, if you have a card for 10% off at Target, you'll effectively get 10% cash back on your purchase.
6. Get Paid to Shop
There are a few different companies that will actually pay you to shop. These companies will give you a list of tasks to complete, such as taking a picture of a product on the shelf or filling out a short survey. In return, you'll earn cash back or rewards points that can be redeemed for merchandise.
7. Get Cash Back on Your Bills
In addition to earning cash back on everyday purchases, you can also get money back on your bills. There are a few different ways to do this, but one of the easiest is to sign up for a cash back rewards credit card. These cards will typically offer 1-5% cash back on common monthly expenses like your cell phone bill, cable bill, and more.
8. Use a Cash Back App
If you're not using a cash back app, you're missing out on easy money. These apps offer cash back on a variety of everyday purchases, from groceries to gas.
First, simply download the app and link your credit or debit card. When you make a purchase, the app will automatically give you a certain percentage back in the form of cash back.
Second, you can also earn cash back by referring friends to the app. When they sign up and use the app, you'll earn a bonus.
Third, you can also participate in special promotions to earn even more cash back. For example, the app may offer 5% cash back on all gas purchases for a limited time.
Although it isnt quite the same method for how to get free money on Cash App
, you can indeed earn cash back using the dedicated app.
9. Get Cash Back on Your Taxes
If you're a US taxpayer, you can get cash back on your taxes by claiming the Earned Income Tax Credit
(EITC). This credit is available to low- and moderate-income taxpayers, and it can put extra money in your pocket come tax time.
10. Invest in a Cash Back ETF
If you're looking for a more passive way to earn cash back, consider investing in a cash back exchange-traded fund (ETF). These funds invest in a basket of stocks that typically offer high dividend yields and strong cash flow. As a result, you can earn a steady stream of cash back that can be reinvested or withdrawn as needed.
11. Participate in Market Research Studies
Another easy way to earn cash back is to participate in market research studies. These studies are typically conducted online and take anywhere from 5 minutes to an hour to complete. In return for your time, you'll typically receive cash or rewards points that can be redeemed for merchandise.
There are a number of different ways to earn cash back on your everyday purchases. By using coupons, shopping through cash back portals, and signing up for loyalty programs, you can boost your savings significantly. In addition, consider using discount gift cards and participating in market research studies to further increase your earnings.