Many of us visit the grocery store a couple of times each month. For most, groceries are a significant monthly expense. So, wouldn’t it be great if you could get some cash back from your grocery shopping?
Although there’s no shortage of cashback apps available today, Fetch Rewards has emerged as a standout player. Having recently secured $25 million in funding, it’s caught the attention of many. In this review, we dive deep into Fetch Rewards to see if it can help you earn rewards on your purchases.
Understanding Fetch Rewards
This app, accessible on your mobile, lets you earn cash back simply by scanning your receipts from groceries, restaurants, and other stores. What sets it apart is that it’s not about where you shop but what you purchase. As long as the product is listed on your receipt, you qualify for cash back.
While the app may not be overflowing with offers currently, it’s growing fast. Current deals often involve everyday items. Make sure you scan your receipt promptly and ensure that the offer hasn’t expired.
Fetch Rewards capitalizes on your receipts for market research. Sold to companies for insights into improving their offerings, you’re compensated for your role in this data collection. And not to worry, your data remains anonymous.
Getting Started with Fetch Rewards
Starting with Fetch Rewards is a breeze. Download the app, sign up, and after a quick verification, you’re all set to scan receipts. Remember, you’ve got a 14-day window to scan after purchasing.
Not only can you earn points for every receipt, but purchasing from specific brands like Kraft or Breyers can earn you more. If the app misses a brand on your receipt, just tap on “Correct My Receipt” and submit a claim.
You can also earn points from online purchases. Just connect your Gmail, Yahoo, AOL, or Outlook, and the app will scan for matching receipts. Retailers currently supported for e-receipts include giants like Amazon, Walmart, Target, and more.
Special, limited-time offers are also available to boost your points significantly. Once you accumulate 3,000 points, they can be redeemed. Each 1,000 points are equivalent to $1. You have the option of redeeming through gift cards or opting for Visa/Mastercard gift cards, although the latter may not offer the best conversion rate.
How Much Can You Earn?
While 1,000 points for $1 sounds enticing, you might wonder about the actual earning potential. Depending on the offers on your receipt, you can earn from $0.25 to $2 in cashback. The app also suggests alternative brands for your next shopping trip to maximize points.
Remember, if your account remains inactive for 90 days, your points will expire.
Referral Bonuses
After scanning your first receipt, you’re rewarded with a sign-up bonus. Moreover, by referring friends or family using your unique code, both you and your referred individual get 2,000 points after they scan their first receipt.
More Than Just Cashback
Beyond the cashback, Fetch Rewards also serves as an excellent budgeting tool. The app categorizes your spending, helping you monitor monthly expenditures. You can also plan your grocery shopping using its ‘smart list’ feature. An added perk? Fetch Rewards provides recipe ideas, adding all ingredients directly to your smart list.
Ease of Use
What’s refreshing about Fetch Rewards is its simplicity. No need for coupon-clipping or chasing store-specific offers. Just shop, scan, and earn!
Comparing Fetch Rewards with Ibotta
Ibotta is another major player in the cashback app arena. The main difference between the two lies in their longevity and redemption methods. But why not double dip? Use both apps for the same purchase, multiplying your rewards.
Pros and Cons
While Fetch Rewards is impressive, it isn’t without its flaws.
The Upsides:
- A hassle-free way to earn on your regular shopping.
- Over $3 million has been paid out since its 2017 launch.
- A fantastic referral program.
In a nutshell, Fetch Rewards makes it delightfully easy to get a little something back from your regular shopping. Whether sharing the app with friends or enjoying the savings solo, it offers a rewarding experience for all.
