(FinancialHealth.net) – When you’re trying to scrimp and save while still managing to cover daily necessities, every penny counts. That’s what makes reward programs so attractive in the first place. Getting prizes or points in return for spending money can really help make a purchase feel less painful. This is especially true when you’re shelling out big bucks.
But while prizes and points are exciting, the real benefit lies in cashback services that give you a portion of the cost back as cold, hard cash. Some simply deduct it from the initial cost, while others will literally send you a check once you reach a specific balance.
Find out about four of the best cashback programs for 2020 right here.
Dosh, which is specifically designed for smartphones, allows you to link your debit or credit card so you can earn cashback at hundreds of retailers. It’s easy to use, simple to navigate, and more or less handles all of the little details for you — no need to mess with receipts, submit information, or fight tooth and nail to get your credits.
As for which retailers Dosh supports, the list includes some of the biggest franchises and most popular businesses in the country.
Here are a few examples:
- Sam’s Club
- Edible Arrangements
- Pizza Hut
As for your information, the site uses secure SSL and other technologies to keep it private and safe at all times. This makes Dosh a great option for people who really want to save.
Honey, which is technically a subsidiary of Paypal, is a browser extension that quickly skyrocketed in popularity shortly after being released to the public in 2012. By late 2018, this cashback program was in full swing, granting users hundreds or even thousands in savings as they shopped online for items they already intended to buy.
How Honey works is quite simple: you install the secure plugin to your browser and shop on the same sites you normally enjoy. When you check out, the plugin scans its internal database for active coupon codes until it finds an option that fits. You either get a direct discount on your purchase, or if no codes are available, points on your Honey account.
So, where does the cashback come in? Once you collect enough points, you can cash them out for payments issued via Paypal or by check. And because Honey doesn’t need to partner with a website to go to work for you, those precious points add up quickly.
Mr. Rebates differs from Honey and Dosh in that it’s more of a shopping portal than anything else. You visit the site, choose a retailer you already want to shop with, and click through to the retailer’s site. The Mr. Rebates platform then tracks your purchases and then automatically applies coupons or rewards you with cash back offers.
Like the others, this platform partners with thousands of popular retailers. No matter what you’re shopping for, you’re sure to find it through the site. Once you rack up enough rewards, you can cash them out by PayPay, check, or even as an Amazon gift card.
Who doesn’t love shopping that leads to even more shopping?
Rakuten, which first originated in Japan circa 2013, used to be known as Ebates. They shifted after the company made massive changes to the program that improved benefits for users and also made the platform itself easier to use.
The way Rakuten functions is highly similar to Mr. Rebates. In fact, they’re both shopping portals that offer users coupons and cashback for shopping. They also both allow you to cash out your rewards via PayPal, check, or gift card. But some users do report that Rakuten seems to partner with a wider variety of retailers that better suit their needs.
So, why is Rakuten so far down on our list? Ultimately, it can take a while to reach the point where you get a payment — and many users report cash back benefits fluctuate daily. That might mean it isn’t quite as worthwhile, depending on what you’re shopping for.
Cashback programs can be a super way to get a little back for the shopping you already do on a regular basis. Just be sure you aren’t shopping solely for the reward. Focus on using these programs to augment what you already buy… otherwise, you may spend more than you make.
~Here’s to Your Financial Health!
Copyright 2020, FinancialHealth.net