Are cash-back apps like Ibotta and Rakuten worth it?

Are cash-back apps like Ibotta and Rakuten worth it?

Assessment

Interactive Video

Information Technology (IT), Architecture, Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the benefits of using cash back apps to save money on purchases. It highlights Gary Bookbinder's experience with Rakatan, where he received 1-10% cash back. Expert Trey Bodge advises checking apps regularly to maximize savings. Some apps are better for specific categories, like Rakatan for shopping, Ibotta for groceries, and Dosh for travel. Users should be aware of potential issues with rebates and ensure they follow all steps to receive credits. Stacking cash back with credit card rewards is recommended for maximum savings.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main benefits of using cash back apps?

They increase the price of items.

They provide a percentage of money back on purchases.

They require a subscription fee.

They limit the number of stores you can shop at.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which cash back app is recommended for grocery shopping?

Rakatan

Ibotta

Dosh

Bank rate

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to regularly check cash back apps?

To ensure you are not missing out on potential savings.

To reduce the number of available stores.

To avoid using the app too frequently.

To increase the app's subscription fee.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you do if a cash back deal does not work as expected?

Appeal to get the promised rebate.

Stop using cash back apps altogether.

Delete the app immediately.

Ignore it and move on.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can you maximize your savings when using cash back apps?

By using only one app at a time.

By stacking cash back with credit card rewards.

By avoiding checking app ratings.

By shopping at less popular stores.