For all the reasons that people shop online, including presents for the holidays, birthdays and the like, it makes sense to try to get back as much as possible when shopping. This is where stacking cash back has become a popular method for ensuring that you are getting money back on the purchases that you make. These types of rewards help to give you more cash back into your wallet, making what you buy even cheaper than what you would have purchased in the store. It is just another reason why so many people are eager to shop online rather than go to brick and mortar retail locations.
[Read: Credit Card Tricks That Can Make You Money!]
How Does Stack Backs Work?
When thinking about shopping in order to ensure you are stacking cash back offers, you must first realize what this type of shopping is. Cash back offers that are stacked basically refer to several different methods for getting cash back on a purchase. Through getting all these offers, you earn more cash back, thus you stack the savings. For example, a person may shop for an item through a website that offers a percentage on whatever they purchase. In order to pay for the purchase, the person may use a credit card that earns cashback rewards. This is the exact way in which stacking cash back works.
Shopping with Cashback Sites
There are several websites that offer cashback rewards for those who utilize their service to shop online. In most cases, the website is going to have:
- Numerous shops to choose from, including those major shops that most people would shop at regularly
- The different stores may offer various cashback rewards. For example, one may offer 4% cash back, while another offers 12% cash back
- They also offer discount and coupon codes to help save a person even more money. Though these are not stacking cash back offers, they can still be helpful in getting items for as low as possible
In most cases, once a person reaches a certain dollar amount, they will get paid for the shopping that they have completed. This amount may vary, but it may be as low as a person having to reach a $10 payout, while other sites may require $25 to be in the account before they pay. The shopping site may send you an actual paper check in the mail at the end of each quarter, or they may automatically deposit this into your PayPal account on file.
Getting the Most Cash Back Possible
There are several steps that need to be followed in order to ensure that the stacking cash back does work for you:
- Step 1: Look for a cash back site and sign up
You will want to look at all of your options and decide on the one that best fits your needs. Take into consideration what stores they partner with, as well as the percentage of cash backs that they offer. You can sign up for several if you cannot make up your mind, as this is not uncommon, especially when wanting to ensure that you are getting the highest cash back that you can get.
- Step 2: Start shopping
Think of what you are looking to buy and then start shopping around. The key to getting the best discounts possible is to utilize this shopping platform to earn money back, while utilizing your credit card that is going to earn a cash back reward. You will find that several credit cards will have months that they devote to online shopping and offering a higher rate back to card holders, so be sure to watch for these moments.
- Step 3: Complete your purchase and watch the stacking cash back start to increase
You will want to purchase your item, with the credit card that earns you the best cash back, and then watch these rates start to compile. Though you may not get this cash back instantly, you are going to find that if you shop online frequently, that it is relatively easy to get a high amount of cash back at the end of the year or every few months. There has been people who have received thousands of dollars back due to stacking their cash back rewards.
[Read: Avoid Losing Your Credit Card Rewards]
Stacking cash back rewards is a great option for those who want to save money in the long run. They will find that they can still get great presents and items, but in the end, they are paying less for these. And who doesn’t want to get these items for less than what others are paying? For those who shop online, not doing this is the equivalent of simply giving money away. Instead, do some research and sign up for cash back rewards that are going to accumulate and end up paying you for shopping online.