Cash back: the best money-saving apps in Canada

With prices soaring in recent years, money-saving apps are a must-have opportunity for Canadians. Whether for grocery shopping, online or in-store, these coupon and cash-back applications turn every purchase into an opportunity to save.

This article presents the best cash-back apps available in Canada to help you maximize every dollar you spend.

Where accumulating reward points can be time-consuming and complex in terms of understanding programs and converting points, and redeemable only after sufficient accumulation, cash-back applications prove more straightforward and more flexible.

You receive a direct monetary value to be recovered immediately or later. While we believe that reward points can be more advantageous, the cash-back option remains more accessible and can be complementary to points.

Cashback apps work in partnership with retailers and businesses. When you make a purchase from a partner retailer, the application awards you cash back, which is usually paid into your bank account or credit card. The amount can be released immediately or after a certain amount.

There are various types of cash back, including :

• In Percentage: this discount is calculated as a percentage of the amount of your purchase. For example, if you earn 5% cash back on a $100 purchase, you’ll receive $5.
• In fixed money: this discount is a fixed amount, regardless of the amount of your purchase. For example, if you earn a fixed $5 cash back on a $100 purchase, you will always receive $5.
• In points: these points can be exchanged for products, services or cash.

The amount of money you can save with cash back apps will depend on several factors, including:

• The amount you spend: the more you spend, the more you can save.
• Cash back offered by applications: some applications offer greater cash back than others.
• Retail partners: if you often store at retail partners, you can earn more cash back.

Every dollar saved can make a difference, and cash-back apps have become essential tools for savvy consumers, especially in Canada.

Whether you do your weekly shopping at your supermarket, buy online, or store in boutiques, these apps can help you save money significantly. This article explores the best cash-back apps available to Canadians, offering practical solutions to maximize your savings on every purchase.

And of course, before making any purchases, make sure you use the right credit card to reap maximum rewards. Here are the best cards for cash back:

Before you head out to do your grocery shopping, many cash-back apps offer opportunities to save simply by scanning their receipts or purchasing specific products. Also, consider our gift card tip and use the right credit card at checkout.

One of the most useful free applications is Caddle. Scan qualifying receipts and earn cash back on everyday purchases and restaurant meals. Eclipsa also offers a wide selection of retail partners across Canada, both online and in-store.

Here are a few popular applications in this category:

In addition to these applications, our team has done the work of comparing prices and reward programs. Here are some helpful tips for saving money at the grocery store:

• Find the best prices at the grocery store with 100grammes.ca
• Couponing in Quebec: how does it work?
• Grocery Store Savings: Reward Program Comparison
• Which grocery store will be the cheapest in 2023?

When it comes to online stores, there are savings to be made, and it would be a shame not to take advantage of them. Some can be used both online and with your store tickets.

Do you know Paymi? This cash-back application is new to Canada (2022). As a CIBC partner, your eligible CIBC debit and credit cards will be automatically connected to your Paymi account. The application lets you take advantage of discounts at the following retail partners: Apple, Carter’s, Disney+, Decathlon, Indigo, La Senza, Reitmans, etc. Start earning cash back:

1. Connect your credit or debit card
2. Store online and earn points
3. Redeem your points for cash via Interac transfer

A somewhat similar and well-known one is Great Canadian Rebates .

Finally, the Receipt Hog application is trendy. It’s interesting because it’s free, easy and available in Canada. Scan your receipts, earn points and redeem them for cash, gift cards or products. You must have accumulated enough points to redeem them. You’ll be able to scan your receipts from partner retailers online (Amazon, Best Buy, Cineplex, Netflix, Sephora, Spotify, Tim Hortons, Walmart, etc.) or in-store (Loblaws, Canadian Tire, Costco, Home Depot, Metro, Walmart, etc.).

For online shopping, before you check out, make sure you’ve checked out these different applications. Some cash rebates can be generous, offering reward points or savings via coupons or special offers.

For example, Rakuten (formerly eBates) is one of the most popular cash-back applications in Canada. It offers a wide selection of retail partners, including online and in-store stores, streaming services and restaurants. Rakuten offers percentage cashback on your purchases, as well as fixed cashback and points rebates.

Also, the Goodshop Coupons app features a wide selection of retail partners from stores primarily online but also in-store, streaming services and restaurants. Goodshop offers percentage cashback on your purchases, as well as fixed cashback and points rebates. Goodshop’s retail partners in Canada include Amazon, Walmart, Best Buy, Sephora, Cineplex, Tim Hortons, Starbucks, Netflic and Spotify.

To supplement your passive income, some applications even offer you the chance to take part in paid surveys. These include Swagbucks and Pawns.app.

Here’s our pick:

Many other applications exist, sometimes with tempting registration offers. Some have lower ratings or fewer reviews, such as GoCashback, MaxRebates and TopCashBack. We recommend that you always read the reviews first, to simply avoid finding yourself facing cashback that won’t be honored.

Finally, apps are great, but keep an eye out for the following websites and articles that could help you save money or earn rewards points through their cash-back systems:

• Club Boomerang: Cash back and new Ambassador program
• How the Aeroplan eStore works
• Buying a laptop: How to maximize savings and rewards
• Guide: Get the best rewards and discounts on Black Friday online purchases

Cashback apps are a simple and effective way to save money on your purchases. Coupled with credit cards and rewards points, you can quickly reduce your expenses, reach your financial goals, or earn extra money.

Each application has its advantages and disadvantages. Rakuten offers the widest selection of retail partners, while Shopkick focuses more on in-store shopping. Caddle is a good option for people who like to explore new online offers.

On another theme, if you love travel and apps, we’ve put together the best selection of apps for planning your trips: The best travel apps for travelers