Maybe you’re thinking of going on a huge shopping spree or perhaps, it’s the holiday season and you want to make some purchases. Whatever the occasion, just about everyone can use a little extra cash and that’s the purpose of cash back rebates!

So today, rather than our usual investment talk, we’ll load your wallet with an online shopping tip that pays, therefore, saving you money! Plus you know what they say, ‘If you don’t save, you can’t invest’.

What is a Cash Back Rebate?

A cash back rebate (not referring to credit card rewards) is a system where you’re paid back a percentage of the money you spend on a product. Also referred to as an amount paid by way of reduction or refund on what you’ve already paid for.

That’s right! I’m talking about earning cash on most, if not all of your online purchases (in addition to your credit card rewards).

How Cash Back Rebates Work

E-commerce sites pay advertising commissions to portal owners who direct consumers to their sites.  Then some of this advertising commission is passed on to the consumer through cashback websites. So if you make your next purchase through a cash back rebate site, you can earn a specified percentage of your purchase price back.

Some Cash Back Sites I Recommend

There is a multitude of cashback websites on the web and they all have the same goal, which is to pass rebates on to consumers. But I’ll recommend one that I regularly use with success.

I’ve recently become a rampant user of Mr. Rebates and since opening an account, have earned $110 in cash back rebates simply by using their portal/links to visit websites that I was already going to buy from.

If you want to take it to the next level and fully maximize your rewards, you can use a cashback comparison site.

Saving Cash Back compares cash back rewards from multiple sites, allowing you to choose the best site for the product you want. When at Saving Cash Back, the first thing to do is type in the merchant that you’re going to purchase from. Then the comparison site will search and rank sites based on how good their cash back percentage is.

At which point, all you have to do is pick the one that’s going to pay you back the most!

Using a comparison site is an added step and may cause an increase in cash back rebate accounts. So if you prefer simplicity, cash back comparisons sites may not be for you. The good news is that even though you use cashback sites, your shopping habits shouldn’t change. The only difference is that now you’re also getting paid.