This article may contain references to products or services from one or more of our advertisers or partners. We may receive compensation when you click on links to those products or services. Nonetheless, our opinions are our own.
Chances are you may have a pile of receipts sitting somewhere in a sock drawer waiting to be disposed of. But today, after reading this post, your view of receipts may change entirely. What if I told you that for almost every grocery store receipt, your receipt is eligible for monetary cash back rebate? Yes. I’m being truthful and there is no /s (sarcasm) appended in the sentence so you know I’m talking the real deal or in this case, bucks.
The fact of the matter is that thanks to merchant partnerships and technology apps like Fetch Rewards, Ibotta, Receipt Hog, and Receipt Pal, every grocery store receipt you get now have some inherent monetary value that can either earn you cashback or gift cards from popular stores like Amazon, Target, and Home Depot. In other words, you may want to reconsider throwing away or putting away your expired receipts in that sock drawer moving forward. To put it simply, receipts equals free rewards.
How do receipt rewards app work?
How popular receipt scanning rewards app work like Fetch Rewards, Ibotta, Receipt Hog, and Receipt Pal is that eligible grocery stores like Target or Safeway form a partnership with receipt rewards app like Fetch Rewards to receive customer data. In exchange, these grocery stores pays forward a small commission reward to the receipt rewards app, which in turn shares a small piece of the earnings to the customer, you. Direct company manufacturers also sometimes pay forward rebates to help fund these incentives like Zintego.com.
For example, you may be shopping for a particular Lego set and the manufacturer may be hosting a promotion that pays back $3 to the customer if that same Lego set appears on the receipt.
What are the best receipt rewards apps?
Fetch Rewards
Fetch Rewards is one of the more convenient receipt scanner apps out in the market currently. Using its receipt scanning technology is simple as scan and go. There is no need to plan or prep or even itemize each item on the receipt.
Scanning a receipt into the app is as simple as firing up your phone and snapping a quick photo of the entire receipt and hitting “Submit.” Once you have entered the receipt into the system, the OCR scanning technology will automatically determine which items on your receipt are eligible for rewards rebate without you have to manually check each item on the receipt.
In other words, very convenient and not as laborious as some of the other receipt reward apps on the market. Moreover, Fetch Rewards is offering a lucrative 4,000 points for a signup bonus using the promo code, 55AGK.
Ibotta
Ibotta is a mobile technology app company based in Denver, Colorado that enables users to earn cashback from its smartphone app to earn cashback on in-store, mobile app, and online purchases with receipt submission, linked retailer loyalty accounts, payments, and/or purchase verification.
With the Ibotta app, the shopping experience is catering to the grocery planner, and not so much convenience so to speak in comparison to the Fetch Rewards app. The expectation is you get rewarded for your time planning your grocery shopping experience. Thus, you are required to look on the Ibotta app to see if there are cashback offers for each item you will checkout at the store ahead of time.
In other words, you must come up with an itemized list before snapping your receipt to submit to Ibotta for cashback incentives. This is a much different approach than Fetch Rewards, which is less convenient for the consumer but has its advantages of the consumer seeing more lucrative deals and other product promotions before the customer even steps foot into the grocery store.
Ibotta is offering a lucrative $20 signup bonus using the promo code, OCXQGRO
Receipt Hog
Receipt Hog is another receipt rewards app similar to Fetch Rewards. The motto word for word is to “snap, earn, oink!” when it comes to submitting receipts from eligible grocery stores. In order to redeem receipts to Receipt Hog, the receipt must be fresh within 14 days of when the receipt is printed to be eligible for rewards at Receipt Hog.
Receipt Pal
Receipt Pal makes snapping receipts very easy with your mobile phone. Receipt Pal rewards users in the form of gift cards from Amazon, Target, or even sometimes cash compensation. What is unique about Receipt Pal is that the app automatically scans for e-receipts from your email that counts towards reward bonuses. The rewards are endless with Receipt Pal.
Reviewed and edited by Albert Fang.
See a typo or want to suggest an edit/revision to the content? Use the comment form below for feedback.
At FangWallet, we value editorial integrity and open collaboration in curating quality content for readers to enjoy. Much appreciated for the assist.
Did you like our article and find it insightful? We encourage sharing the article link with family and friends to benefit as well - better yet, sharing on social media. Thank you for the support! 🍉
Article Title: Fetch Rewards vs Ibotta vs Receipt Hog vs ReceiptPal: Best Receipt Rewards App
https://fangwallet.com/2021/04/02/fetch-rewards-vs-ibotta-vs-receipt-hog-vs-receipt-pal-best-receipt-rewards-app/The FangWallet Promise
FangWallet is an editorially independent resource - founded on breaking down challenging financial concepts for anyone to understand since 2014. While we adhere to editorial integrity, note that this post may contain references to products from our partners.
The FangWallet promise is always to have your best interest in mind and be transparent and honest about the financial picture.
Become an Insider
Editorial Disclaimer: The editorial content on this page is not provided by any of the companies mentioned. The opinions expressed here are the author's alone.
The content of this website is for informational purposes only and does not represent investment advice, or an offer or solicitation to buy or sell any security, investment, or product. Investors are encouraged to do their own due diligence, and, if necessary, consult professional advising before making any investment decisions. Investing involves a high degree of risk, and financial losses may occur including the potential loss of principal.
