Looking for a cash back app? Here are the tips to help you choose wisely

Choosing the one and only cash back app that’s right for you is not easy. The wide selection of apps available in App Store or Google Play can make you dizzy, while user reviews can be misguiding and less informative than you wish. The best strategy is to start from the very beginning, that is, understanding your unique needs and looking for an app that suits them best.

Question #1: What Do I Want from a Cash Back App?

Not all apps are created equal: some are better, some are worse; others appear (and indeed are!) great, but deliver zero value to you simply because they are tailored to different needs. That is why it is essential to understand your own shopping habits if you want to get an app that is right for you.

It’s natural that spending behavior of a single businesswoman who spends half her time in business trips will be different from those of a college student. Your goal is to analyze your expenses and determine what apps may interest you.

Different apps serve different needs. Some partner with supermarket chains, others focus on online fashion stores, and so on.

For instance, if you’re a frequent traveler, chances are you’ll be looking for a cash back app that partners with airlines, hotel chains, and rental companies, since these are the vendors that will maximize your rewards. A passionate shopper will be looking for an app that offers cash back from their favorite online stores and brands, and so on.

Once you’ve found a cash back app that works with your favorite vendors, read the reviews: at this point, knowing what you’re after, you’ll be able to filter non-informative reviews.

Next you need to know how much you’ll be able to earn. The best apps offer up to 25% on the amount you spend, but it varies greatly. Always check the list of recommended vendors, happy hours, and other special offers that can maximize your gain.

Question #2: How Do I Receive My Rewards?

Method of payment is one of the key properties of a cash back app. Remember, it’s cash that you want, not airline miles or store credit, otherwise you’d have chosen a loyalty program.

The optimal method of payment is PayPal, a de facto standard in online payment industry. In this case your rewards will be credited to your PayPal account within a certain time period after the purchase. From then on, you’ll be able to spend your cash online or withdraw money to your bank account.

Question #3: What additional Functionality Does It Have?

Now that you’ve narrowed your search, it’s time to check if the apps offer any additional functions. For example, there are apps that can be used to manage your expenses or store your receipts.

Check if the solution you’ve chosen has a website or a blog with recommendation, tips and tricks that can help make your expenses more profitable. Visit it regularly to learn about new partnering stores and best deals.