Attention Shopaholics: Stack These Apps For Massive Cash-Back Rewards
If you are interested in a video format, check out this YouTube tutorial.
I am always on the prowl for ways to earn “sats” through my normal, everyday purchases. In my recent Medium publication, I outlined my method for earning up to 66% cash-back on coffee purchases with the Cash app. In this article I will reveal my strategy for earning upwards of 20% cash back by stacking a few apps. This option is great for both Bitcoin stackers and non-coiners alike.
At the minimum, I strongly recommend everyone to download the Fold app. You will earn a respectable percentage of cash-back for purchasing gift cards from large retailers and restaurant chains. For example, here is a list of supported vendors and their respective cash-back rewards:
As a frequent Amazon shopper I was thrilled to discover this app. Fold has contracts with 250 other partners and plans to add 2 new vendors each week heading into 2020. Currently you must select from a preset gift card denomination, however, in the future they will allow users to purchase a specific amount. If you prefer not to hold sats, you can actually use them immediately for credit towards your next gift card purchase.
Next, I occasionally use the Lolli plugin to redeem a little cash-back in Bitcoin. All purchases must be made on the web — in-store purchases are not eligible. Lolli in my view is a little inconvenient because there are quite a few exclusions and limitations. However, they support many large retailers and the plugin is very user intuitive. Simply download the plugin and make certain it is activated on your browser when you checkout. You should receive an email within days confirming your newly earned rewards.
Lastly, I use my MCO (Monaco and also known as Crypto.com) debit card for an additional 3% cash-back when I purchase gift cards from the Fold app. The cash-back reward is immediately credited to your mobile wallet upon purchase. If your prefer fiat, you can immediately convert your MCO token upon receiving the cash-back reward. For those interested in learning more about MCO, make sure to check out my YouTube channel for videos on the Crypto.com platform. I use my actual account in the tutorial to provide viewers full transparency. You can potentially earn up to 5% cash-back depending on which card you select.
To review, I will use my most recent Macy’s purchase to demonstrate how to stack cash-backs. First I purchased a Macy’s gift card on the Fold app using my MCO debit card. I respectively earned 6% and 3% with this transaction. My Lolli plugin on Macy’s website got another 5% cash-back reward. Totaling the stacked cash-backs: 6% + 3% + 5%. THIS GIVES YOU A GRAND TOTAL OF 14% CASH-BACK!
Clearly, the cash-back potential with this strategy is massive. As I mentioned earlier you should at least use the Fold app. By using a Citi Double Cash credit card (instead of the MCO debit card) you will get 2% cash-back in addition to your cash-back via the Fold app. I encourage everyone to share this tip with friends and family for the savings. More importantly I believe it is a great way to help on board more “non-coiners” to the digital asset space.
For those interested in a bonus for signing up with Fold, Lolli, and Crypto.com, watch the video below. The sign up bonuses are worth up to $62.
