If you really want to maximize on your cash rewards, you'll want to use cash back and shopping portals. These portals allow you to earn extra rewards on top of what you would normally earn. This means you can easily double and triple dip on rewards. The best thing about portals is that they are free to use.
What Are Cash Back Portals?
Cash back portals receive a commission when you, the shopper, makes a purchase using the links on their page. They then share part of the commission with you. The commission you receive is generally in the form of cash back, but depending on the program it can also be points and miles. Since the site is already earning a commission when you make a purchase, there's no reason to charge for membership which is why it's no cost to use these portals. So you're basically earning bonus rewards doing what you were going to do anyway which is shop online.
How Does Cash Back Portals Work?
Cash back portals are easy to use. Here's the run down of how they work:
- You start at the cash back portal of your choosing.
- Look for the store or retailer you want to make a purchase from.
- Click on the referral link the site has for that store.
- You'll then be dropped off on the store/retailers website to shop as normal.
- Once you make a purchase, the cash back portal will be notified.
- You'll receive cash back or other rewards in your account.
That's pretty much the gist of how all cash back portals work. Since the portal drops you off on the retailer's website, you can log into your rewards account if you have one for that store and still earn rewards. So overall, you can earn:
- Cash back or other rewards from the cash back portal.
- Rewards if you're using a rewards credit card.
- Rewards from the retailer you're shopping with if they have a rewards program.
That means you'll be able to double and triple dip on rewards with ease.
How Do You Get Paid?
Cash back portals all slightly differ on the ways you can get paid, but the most consistent methods of payment are:
- Paper Check
- Gift Card
Several portals also allow you to earn different kind of rewards.
Rakuten: American Express Membership Rewards
Yes. You read that right. If you have an American Express Membership Rewards credit card, you can opt in to earn Membership Rewards Points instead of cash back. These points are valued a 1 cent each for airfare redeemed directly with American Express, but can be worth upwards of 2 cent or so when transferred to AMEX's airline and hotel partners. This means you can earn points through Rakuten and transfer them to partners like Delta Airlines, JetBlue Airways, Marriott, and Hilton. Best of all, Rakuten holds Membership Rewards Points on a 1-to-1 level with cash back. So if the portal is offering 10% cash back, that means it is offering 10X Membership Rewards Points if you're enrolled. I highly suggest signing up for Rakuten if you're looking to earn some serious rewards.
TopCashback.uk: British Airways Avios
You can sign up for TopCashback UK and earn Avios with British Airways. Don't let the UK at the end scare you. You can earn some easy cash back spending in the U.S. through the TopCashback UK on websites in which location doesn't matter. For example, there's usually no difference in booking a hotel through TopCashback.com versus TopCashback.co.uk. So you could book a stay at a Marriott and earn Avios through your TopCashback.co.uk account.