The dangers of Ibotta: What you need to know about the wildly popular cashback app

First things first: Ibotta is 100% safe and legit. Tens of thousands of users earn money every day using the app, and there’s no reason to be afraid of utilizing the app as part of your shopping routine.

That being said, it’s always worth researching the dangers of an app that you give your personal information to, especially when it comes to money. Here are some things to look out for when using the app:

  • Watch your spending. To earn rewards, you must make purchases. It’s never a good idea to buy something just because you can get a discount. Ibotta’s very useful for things you need, but be careful not to buy more just because you can claim a small discount.
  • Terms and conditions: Make sure that you stay within Ibotta’s terms and conditions, especially when it comes to claiming offers and referring friends. Ibotta has been known to lock accounts after users have accrued huge earnings, so make sure that everything you do is on the up-and-up. Don’t self-refer!
  • Ibotta cash-out minimums: You must meet a minimum before you cash out, which can be frustrating. It’s not uncommon to be just a few cents away from cashing out to PayPal or that coveted Amazon gift card, only to run up against the $20 minimum cashout restriction. Keep an eye on your earnings and be patient — the cash out will come!

In the end, the pros of Ibotta far outweigh any cons. There’s reason the app is so popular: you can save a ton of money, and as long as you keep these small dangers in mind, you’re sure to come out on top.

Let us know in the comments if you’ve run into any issues we’re missing here.