Ibotta is a pretty good app to have. They give you cashback for your in-store shopping if you scan receipts, they have a shopping portal and they often have some money making promotions. But now they’re adding a monthly fee of $3.99 for inactive accounts. Might not be a huge deal for most people, but it’s definitely something to be aware of. To keep the account active you need to redeem at least one offer during any 180 day period, and referral bonuses don’t count.
Account Maintenance Fees
There are costs associated with the creation and maintenance of your Ibotta account, and those costs are covered by the fees Ibotta earns when you redeem Offers. Therefore, if you have redeemed at least one Offer during the past 180 days, your account will not be assessed any account maintenance costs. If, however, you do not redeem at least one Offer during any 180 day period, Ibotta will deduct from your Ibotta account, on a monthly basis, the lesser of (i) $3.99 USD, or (ii) the amount then reflected in your Ibotta account (in either case, an “Account Maintenance Fee”). No Account Maintenance Fees will be charged or deducted during the first six months after you initially register for your Ibotta account. Ibotta will attempt to notify you before any Account Maintenance Fee is deducted from your account, or if the Account Maintenance Fee amount changes, by sending you an email to the address we have on file for you. Subject to Ibotta’s right to terminate your account under these Terms, Ibotta will stop charging your account for Account Maintenance Fees for six months if you redeem at least one Offer. Under no circumstances will you ever pay an Account Maintenance Fee with anything other than amounts in your Ibotta account – we will never ask you to make a payment for Account Maintenance Fees with credit or debit cards, checks or cash.
Keeping the account active should be easy. They often have small bonuses for any scanned receipt or any brand items such milk, fruits etc. Any of those activities with help you keep your account active. Also there’s no fee if your account has a $0 balance.
If you’ve never tried Ibotta you can sign up here with my referral link and get a $5 bonus as well.