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I’m sure you’ve probably heard of Ebates. I had too, but never gave it much thought, because I’m usually skeptical about signing up for apps and offers.
But once I started making a concerted effort to be more intentional about spending, I wanted to find out… is Ebates legit?
See, one of the things I discovered when I got serious about budgeting, is that being more intentional about everyday spending can save thousands of dollars each year.
That’s exactly what Ebates is aimed at – enabling you to get discounts on every day purchases wherever you shop, without paying for any membership, or searching endlessly for coupons.
I’ve used Ebates for about two years now, and I have to say, it’s become so much of a habit, that it’s almost like an online savings account.
It’s also nice that they offer a welcome bonus…they’ll give you a $10 bonus just for signing up..
Ebates Review: A Simple Illustrated Guide to Getting Cash Back
What is Ebates?
Ebates was launched in 1999, and their mission is to provide a service to both stores and customers:
- They help stores, by bringing in customers. And in return, the stores pay Ebates a rebate for whatever those customers buy.
- And Ebates helps you and I as customers, because they share those rebates with us.
Since 1999, Ebates has partnered with over 2500 stores. So there’s a good chance you can receive rebates anywhere you shop now.
How Does Ebates Work?
Ebates is FREE to join. It just takes a minute to sign up, and specify whether you want your rebates to be paid to your PayPal account, or sent to you as a check.
They originally provided rebates only for online shopping. But they’ve since expanded. Now you can also shop in the store, and launch the Ebates app on your phone to receive rebates. Or if you’re planning to travel, you can use Ebates to get money back from hotel and travel bookings.
Lets see how it works:
Getting Rebates for Online Shopping
Here’s an example of how I’d use Ebates to earn a discount online:
Let’s say I’m looking for a new bedspread, and I want to check Kohl’s. Instead of going directly to the Kohl’s website, I’d sign into Ebates, then just type Kohl’s in the search bar.
See how I just entered “Kohl’s” in the search bar, and right away, Ebates shows me I’d earn a 6% rebate. It’s literally, that easy.
Now Ebates brings me to the Kohl’s website, and I shop like I normally would.
But whatever I purchase, I’ll get 6% back, plus whatever discount Kohl’s is offering.
So you don’t need to search for coupons, or online discount codes that are hit or miss. You just sign into Ebates, then browse to the store you want to shop at, and make your purchase.
Once you make your purchase, your rebate is either sent to you by check, or to your PayPal account.
Getting Rebates in the Store
Shopping from our comfy couch is nice, but sometimes we all need to get out. Maybe you need to try things on, or you happen to make an unexpected stop.
For those times, you can download the Ebates app on your phone.
Just link one of your cards to Ebates. And when you’re in the store, launch the Ebates app and it’ll open a “shopping trip”. Select your store, and the app will confirm the amount of rebate you’ll receive.
So there’s no coupons to carry. In fact, the cashier doesn’t even know you’re using it. And you can still use whatever store coupons you happen to have.
Getting Rebates on Hotels and Travel Sites
Ebates is partnered with hundreds of popular hotels, car rental agencies, and airlines, so you can receive rebates the same way, just by making your purchase through Ebates.
They’re also partnered with Lyft, so you can even get a rebate on your trip to and from the store.
Is Ebates Legitimate?
Ebates is definitely legitimate. This is their 20th year in operation, and they’ve paid out over 800 million dollars since then. The fact that they’ve been able to expand their network to over 2500 stores and businesses is a testament to their operation.
I personally have used Ebates for about a year now, and have used it for almost all my Christmas shopping.
What’s crazy to me, is to see I have $130.00 in my account right now, that I wouldn’t have otherwise, and I’ve done almost nothing to earn it. I just bought what I would have anyway, but I did it through Ebates.
You can see here, that Ebates is rated A+ by the Better Business Bureau. They’re listed under their parent company name of Rakuten.
The review also shows 339 customer comments, where the average rating is of 4.5 out of 5 stars.
Ebates doesn’t flood your mailbox with dozens of offers every other day. I’ll get an occasional email, but for the most part, my only contact with it is when I login to use it.
Where Can You Shop?
I logged into my Ebates account just now, and here’s a small sampling of some of the stores offering rebates. There are over 2000 other stores and businesses you can earn rebates from.
Some More Ways to Save Money:
- Digit – The Painless Way to Build an Emergency Fund
- How to Get Out of Debt – And Stay That Way
- How to Budget – On Any Income
When Will You Be Paid?
Each time you use Ebates, the rebate is credited to your account.
To view how much is in your account, just click on your name in the top right corner, and the drop-down menu will show your “Cash Back Balance“.
The payments to you are made on a specific schedule, so you’ll always know when you’ll receive a payment.
Rebates Earned: Paid:
- Jan 1 – Mar 31 May 15th
- Apr 1 – Jun 30 Aug 15th
- Jul 1 – Sep 30 Nov 15th
- Oct 1 – Dec 31 Feb 15th
The Overall Pro’s and Con’s of Ebates
- It’s a way to consistently save money for doing almost nothing.
- It’s simple to use, and Ebates doesn’t bombard you with daily spam emails.
- You’re paid in cash, not gift cards or points.
- If you’re happy with Ebates, you can earn a bonus by referring friends.
- Ebates appeals to me in the way that Amazon does. Amazon makes shopping easy because I can shop at dozens of businesses simultaneously. And with Ebates, I can shop almost anywhere I want, and know that I’ll be getting cash back.
- I’ll mention this, but I’m not sure you can even call it a negative. Just something to be aware of. There’s a maximum rebate of $50 for any single purchase. But let’s put that into perspective. If you’re getting a 6% rebate somewhere, then receiving $50 back would mean you’re buying something for over $800. That probably doesn’t happen very often, but when it does, I’d still be happy to to get $50 back.
How Can You Sign Up?
It’s simple. You can sign up here which will take just a couple minutes. Ebates will ask how you want to be paid – either by PayPal or check.
Their app is really easy to use. You’ll see the stores all categorized, so it’s easy to find whatever you’re looking for. It’s kinda nice too, to see $10 immediately credited to your account!
Ebates Review Summary
If you’re looking to save time and money, you probably shop online. I’m like that. I’ll see something in the store, then come home and see if I can find it cheaper online.
The thing is, if you use Ebates, you’ll not only find the cheapest store, but you’ll also get a rebate. You can even use it to shop on Amazon.
When I finally started to get a handle on my finances, one realization I had, was that it wasn’t a lot of big purchases that kept me living paycheck to paycheck.
It’s that so much money flows through our hands on smaller things, that over the course of a year, it adds up to thousands of dollars. So just by being more intentional about every day spending can make a big difference.
For me, Ebates was a good move, because it saves money on so many things, and is not the least bit complicated to use.
Here’s where you can sign up now and earn your first $10 immediately.
If you’re not ready to try Ebates yet, try pinning this image to save for later!