Cashback is a fantastic way to earn money back on every purchase. Often associated with credit cards, this reward system returns a percentage of your spending at a flat rate or is tied to specific categories.
But what if you don’t want to use a credit card—perhaps to avoid debt, protect your credit score, or simply because you prefer not to rely on credit? The good news is that you can still earn cashback without one.
Here, we’ll discuss practical methods for earning cashback without a credit card, drawing on expert insights and real-world examples.
What’s Cashback
According to Good Housekeeping, cashback is a reward for receiving a portion of your spending back, typically as cash or a redeemable credit. While credit cards often dominate the cashback scene, plenty of alternatives don’t require you to swipe plastic you don’t own.
Here are five ways to get started.
1. Cashback Apps and Websites
Cashback apps and websites are game-changers for earning rewards without a credit card. These platforms partner with retailers to give you a slice of your purchase when you shop through their portals or submit proof of spending.
Take Ibotta, for instance. This app lets you earn cashback in multiple ways: upload receipts after shopping in-store, link your loyalty accounts for automatic rewards, or use their browser extension for online purchases.
Whether you’re buying groceries, clothing, or electronics, Ibotta partners with over 1,500 brands and offers cashback rates on select items that can reach up to 10%.
Other platforms like Rakuten and TopCashback work similarly for online shopping. MedicsMoney emphasizes its accessibility and highlights these sites as a key way to earn cashback without credit.
To make the most of this method, compare offers across apps before shopping. Some even sweeten the deal with sign-up bonuses or extra rewards for specific tasks, turning your regular spending into a savings opportunity.
2. Debit Cards with Cashback
Credit cards might steal the spotlight for cashback, but some debit cards quietly offer similar perks. Linked directly to your checking account, these cards let you earn rewards without borrowing money.
FinanceBuzz points to standout examples, such as the Discover Cashback Debit card, which offers 1% cash back on up to $3,000 in monthly purchases.
Another option is the Axos Bank CashBack Checking debit card, which provides 1% cash back on signature-based transactions. Unlike credit cards, debit cashback keeps you debt-free because you spend your funds.
Banks may tie rewards to specific categories or require a minimum number of transactions, so it’s worth checking the fine print.
If your current bank doesn’t offer a cashback debit card, consider exploring online banks or switching to one that does. It’s a simple way to earn rewards on everyday purchases like gas or groceries, all while staying within your budget.
3. Store Loyalty Programs
Retailers love loyal customers, and many reward that loyalty with cashback or points through their programs. These are typically free to join and can add up to meaningful savings over time.
Grocery chains like Kroger and Safeway offer loyalty cards that provide cashback or discounts on select items—think a few dollars back on your weekly shop. Department stores get in on the action, too.
Target’s RedCard, while technically a debit option when linked to your checking account, gives 5% off every purchase. Sephora’s Beauty Insider program and Best Buy’s My Best Buy let you earn points with each buy, redeemable for discounts or cash-equivalent rewards. MSN notes that these programs are an under-the-radar way to earn more, especially if you shop at the same stores regularly.
Maximize this method by signing up where you already spend and pairing rewards with coupons or seasonal sales. Over time, those small returns can grow into substantial savings.
4. Cashback from Bill Payments
Here’s a lesser-known gem: earning cashback on bill payments. Some platforms and services offer rewards for paying utilities, insurance, or other recurring expenses through their systems.
MedicsMoney explains that certain cashback websites partner with service providers to offer a percentage back on bills like insurance premiums or energy payments. While rates might be modest, it’s money back on expenses you can’t avoid.
Some banks or mobile payment apps also offer promotions, such as cashback for setting up automatic bill payments or using their platform for recharges and utilities. Ibotta occasionally includes offers for linked services, broadening your options.
This method won’t make you rich, but it’s a smart way to offset fixed costs. To stretch your earnings further, look for limited-time offers or apps specializing in bill payment rewards.
5. Referral Bonuses
Referral programs are a clever way to earn cashback without spending a dime. Many cashback apps and services pay you to bring in new users, turning your network into a reward source.
Ibotta, for example, gives you $5 for each friend who signs up with your link and redeems an offer. Rakuten and TopCashback offer similar deals, often paying out in cash or gift cards when your referrals make qualifying purchases.
Some programs even tier rewards, increasing your bonus if you refer multiple people. MSN highlights this little-known tactic for boosting earnings, especially since it leverages your existing contacts.
To succeed here, share your links thoughtfully—think social media posts or chats with friends who’d enjoy the service. It’s a low-effort way to pad your cashback total without opening your wallet.
Maximizing Your Cashback
Why settle for one method when you can combine them? Use a cashback app for online shopping and pay with a debit card that offers rewards, doubling your haul. Pair store loyalty programs with app offers for stacked savings or pay bills through a cashback platform while racking referral bonuses.
Imagine you snag $10 back on groceries via Ibotta, earn 1% from your debit card, and get $5 for a referral—all in one week. That’s real money adding up fast.
Staying Debt-Free with Cashback
These methods don’t just save you money—they help you sidestep credit card debt. By earning cashback without borrowing, you keep your finances in check. But if debt’s already a burden, services like Freedom Debt Relief can step in.
They specialize in managing and reducing debt, offering a lifeline if credit card bills have piled up from past spending. Pairing cashback strategies with debt relief could be your ticket to financial peace.
Conclusion
You don’t need a credit card to enjoy cashback rewards. These five methods, from apps and debit cards to loyalty programs, bill payments, and referrals, prove you can save on every purchase without credit.
Start with one, mix in others, and watch your savings grow. Ready to cash in? Your next reward is just a smart choice away.
FAQs
1. What’s the difference between cashback and rewards points?
Cashback returns a portion of your spending as cash, ready to withdraw or use freely. Rewards points accumulate for redemption on specific items like gift cards or travel, offering less flexibility.
2. Do cashback apps or programs come with fees?
Most are free, but some offer premium tiers with higher rates for a cost. Always review the terms to avoid surprises.
3. How do I pick the best cashback app?
Match the app to your shopping habits. Check retailer partnerships, rates, and payout options. Reviews can also help.
4. Can I earn cashback on everything I buy?
It depends. Some offers exclude categories like gift cards or electronics, so read the details for each deal.
5. Is cashback considered taxable income?
Usually, it’s a rebate that is not taxed. However, hefty referral earnings might count as income—check with a tax professional to be sure.
