For those looking to save some extra cash in 2020, one of the best cash back apps 2020 available in Kenya is a must-have. These apps offer a simple way to earn rewards on your daily purchases, from groceries to gas, and can be a game-changer for anyone looking to boost their savings or pay off debt.
What are Cash Back Apps and How Do They Work?
Cash back apps are mobile applications that offer rewards to users in the form of cash or other incentives for making purchases through their platforms. These apps typically partner with merchants and retailers to provide exclusive deals and discounts to their users, who can then earn cash back on their purchases.
Here’s how it works: when you sign up for a cash back app, you’ll typically be asked to link a credit or debit card to your account. This allows the app to track your purchases and reward you with cash back or other benefits. Some apps may also offer additional features, such as browser extensions or in-app purchases, to help you earn more rewards.
Popular Cash Back Apps in Kenya 2020
While there are many cash back apps available in Kenya, some of the most popular options in 2020 include:
1. Lipa Later
Lipa Later is a cash back app that offers users up to 40% cash back on their purchases at partner merchants, including popular retailers such as Spar and Nakumatt. The app also offers additional features, such as a rewards program and exclusive deals, to help users earn more rewards.
2. Dosh
Dosh is a cash back app that offers users cash back on their purchases at thousands of merchants, including restaurants, gas stations, and retail stores. The app also offers additional features, such as a rewards program and exclusive deals, to help users earn more rewards.
3. Ibotta
Ibotta is a cash back app that offers users cash back on their purchases at partner merchants, including grocery stores and retail chains. The app also offers additional features, such as a rewards program and exclusive deals, to help users earn more rewards.
How to Choose the Best Cash Back Apps 2020 for Your Needs
With so many cash back apps available in Kenya, it can be difficult to choose the best option for your needs. Here are a few tips to help you get started:
- Look for apps that offer cash back on your daily purchases, such as groceries and gas.
- Consider apps that offer additional features, such as rewards programs and exclusive deals.
- Read reviews and check the app’s ratings to ensure it’s reliable and trustworthy.
- Check for any fees or requirements, such as minimum balance requirements or membership fees.
By considering these factors, you can find the best cash back apps 2020 for your needs and start earning rewards on your daily purchases.
Using Cash Back Apps to Save Money and Pay Off Debt
Cash back apps can be a valuable tool for anyone looking to save money and pay off debt. By earning cash back on your daily purchases, you can build up a savings fund or put the money towards your debt. Here are a few ways to use cash back apps to achieve your financial goals:
- Earn cash back on your daily purchases and put the money towards your savings or debt.
- Use cash back apps to earn rewards on your grocery shopping and cook at home instead of eating out.
- Take advantage of cash back apps to earn rewards on your gas purchases and reduce your transportation costs.
- Use cash back apps to earn rewards on your online purchases and avoid impulse buys.
By using cash back apps in a strategic way, you can earn rewards on your daily purchases and achieve your financial goals.
Common Mistakes to Avoid When Using Cash Back Apps
While cash back apps can be a valuable tool for saving money and earning rewards, there are a few common mistakes to avoid when using these apps:
1. Not Reading the Fine Print
Before signing up for a cash back app, make sure to read the fine print and understand the terms and conditions of the app. Some apps may have requirements or restrictions that could impact your rewards earnings.
2. Not Keeping Track of Your Rewards
It’s easy to lose track of your rewards earnings, especially if you’re using multiple cash back apps. Make sure to regularly check your rewards balance and ensure you’re earning the rewards you’re eligible for.
3. Not Taking Advantage of Exclusive Deals
Cash back apps often offer exclusive deals and discounts to their users. Make sure to take advantage of these offers to earn extra rewards and save money.
4. Not Using Multiple Cash Back Apps
Using multiple cash back apps can help you earn more rewards and save more money. Consider using a combination of apps to maximize your earnings.
By avoiding these common mistakes, you can get the most out of your cash back apps and achieve your financial goals.
Maximize Your Earnings with the Best Cash Back Apps of 2020
In 2020, cash back apps have become increasingly popular among consumers looking to earn rewards on their everyday purchases. To help you make the most of these apps, we’ve compiled a list of the best cash back apps of 2020, along with their key features and earning potential.
| App Name | Earning Potential | Types of Purchases Covered | Minimum Payout Threshold | Availability |
|---|---|---|---|---|
| Rakuten (formerly known as Ebates) | Up to 40% cash back | Online shopping, in-store purchases, travel, and dining | $5 | Web, iOS, Android |
| TopCashback | Up to 35% cash back | Online shopping, in-store purchases, and travel | $10 | Web, iOS, Android |
| Ibotta | Up to 10% cash back | Grocery shopping, in-store purchases, and online shopping | $20 | Android, iOS |
| Fetch Rewards | Up to 5% cash back | Gas station purchases, grocery shopping, and in-store purchases | $25 | Android, iOS |
| Dosh | Up to 10% cash back | Online shopping, in-store purchases, and travel | $25 | Android, iOS |
The best cash back apps of 2020 offer a range of benefits, including high earning potential, flexibility in terms of payout thresholds, and ease of use. When choosing the best app for your needs, consider the types of purchases you make most frequently and the amount of cash back you’re willing to earn. By maximizing your earnings with these apps, you can save money and make the most of your spending.
Don’t miss out on the opportunity to earn cash back on your everyday purchases. Sign up for one or more of these best cash back apps today and start earning rewards on your shopping, dining, and travel expenses.
How to Get the Best Cash Back Apps in Kenya 2020
Q: What are cash back apps, and how do they work in Kenya?
Cash back apps are mobile applications that reward users with a percentage of their purchases back in cash or other rewards. In Kenya, these apps partner with local businesses to offer discounts and cash back on various transactions, such as shopping, dining, and fuel purchases.
Q: What are the benefits of using cash back apps in Kenya?
The benefits of using cash back apps in Kenya include earning rewards on everyday purchases, saving money on items you would have bought anyway, and exploring new businesses and products within your area. Additionally, many cash back apps are user-friendly and offer seamless transactions.
Q: How do I choose the best cash back app for my needs in Kenya?
To choose the best cash back app for your needs in Kenya, consider the types of purchases you make regularly, the rewards offered by each app, and the ease of use. Research popular cash back apps in Kenya, such as Dosh, ShopUp, and Lipa Later, and sign up for the ones that align with your lifestyle and spending habits.
Q: Are cash back apps in Kenya safe and secure?
Cash back apps in Kenya are generally safe and secure, as they use industry-standard encryption to protect user data and transactions. However, it’s essential to only download and use reputable apps from the Google Play Store or Apple App Store and to read reviews and ratings from other users before signing up.
Q: Can I use multiple cash back apps at the same time in Kenya?
Yes, you can use multiple cash back apps at the same time in Kenya. In fact, using multiple apps can help you maximize your rewards and savings. Just be sure to check the terms and conditions of each app to ensure you’re not violating any rules or restrictions on using multiple apps simultaneously.
Best Cash Back Apps in Kenya 2020: Key Takeaways
In this article, we explored the best cash back apps in Kenya 2020, highlighting their benefits and features. By leveraging these apps, individuals can earn cash rewards on their daily purchases, helping them save and manage their finances more effectively. According to the Central Bank of Kenya (CBK), the country’s mobile banking penetration stood at 95.4% in 2020 [1]. This widespread adoption of mobile banking has created opportunities for innovative financial solutions like cash back apps.
Quick Tips for Smart Money Management
* Set a budget and track your expenses to make the most of cash back rewards
* Use cash back apps in conjunction with other financial tools, such as savings accounts and credit cards
* Be cautious of fees and interest rates associated with cash back apps
* Regularly review and optimize your cash back strategy to maximize rewards
Clear Next Steps
To start earning cash back rewards, follow these simple steps:
1. Research and download a reputable cash back app
2. Set up your account and link your payment method
3. Start shopping and earning cash back rewards
Financial Statistics to Keep in Mind
* Kenya’s GDP per capita stood at $1,440 in 2020 [2]
* The country’s inflation rate averaged 5.4% in 2020 [3]
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