Shopping Online? Check Out These 3 Cashback Sites First

Are you ordering more online these days to limit the times you need to leave your house? 

Online shopping has become even more attractive right now when we’re being encouraged to remain at home – you’re staying away from others, you don’t have to wait in line to enter a store, and you avoid going to multiple stores to get exactly what you want.

online shopping

The problem is that the very convenience of ordering online can make you spend more than you anticipate which negates any of the savings you get from having to stay at home.

But, did you know you can get cash back for almost everything you purchase online?

You can earn anywhere from one to 10 percent – and even up to 30% – cash back on your purchases depending on what you buy, not to mention the discounts, coupons and promo codes added to each site daily. 

Then use a rewards credit card for payment and you can easily put some serious money back in your pocket.

Related: Do You Prefer Online Shopping or Going to a Store

Make sure to visit a cash-back shopping site first before you head to your favourite online retailer.

3 excellent Canadian cashback sites

1. Great Canadian Rebates

This is the oldest and the best cash back website in Canada.  Great Canadian Rebates features over 400 merchants to satisfy just about all your shopping needs.  They also have the highest payouts when compared to other Canadian options.

Become a member of GCR and take advantage of special deals and online coupons as well as earning cash back rewards on your online purchases.  They even give you $2 cash just for signing up.

If you refer some friends, they’ll throw in 15% of your friend’s cash back as an additional credit to you.

2. Rakuten.ca (formerly Ebates)

Rakuten is one of the most popular cash back sites available. 

It’s free to join plus they give you $5 when you sign up and make purchases worth $25 within a few months.  If you refer a friend, they give you $5 credit on their first purchase as well.

Find out more about Rakuten here.

3. ShopperArmy

A lesser known cash back site is ShopperArmy and it has some of the best rates you can get anywhere.  For example, you can get 8% cash back on Amazon and since that’s one of the biggest online retailers in the world, that’s a huge bonus.

There are lots of exclusive promotions, deals and contests on top of cash back rewards.

You also get a $5 welcome bonus for signing up and spending $50 at any of their 60 plus retail partners.  Plus, you’re eligible for referral bonuses – $2.50 for each time your friend earns $10 in cash rewards.

You can sign up for ShopperArmy here. 

How do cashback sites work?

It’s simple. These sites get a commission from the store whenever their customers make a purchase.  They then pass along a portion of that commission to their members in the form of a cash back rebate – sort of like a finder’s fee.

Open up a free account on the cash back site and use the search box to look for the name of the store you’re planning to buy from.

If the cash back site has a partnership with that store, it will show you how much percentagewise you’ll earn for your purchase.

Then click on the link from the cash back website to the store you’re buying from. Your purchases will be tracked, and your reward will show up in your online account in a few days to a week’s time.

You’ll need to wait about 30-60 days until the cash back “clears” and becomes available for payment to you.  The minimum payment threshold is usually around $10 and you are paid either by cheque or Paypal. 

The bottom line

Cash back websites allow you to shop at all your favourite online retailers and get money back on purchases you would make anyway.

Rakuten offers a greater selection of retailers than either Great Canadian Rebates or ShopperArmy, but if you compare their offers you should be able to find what you’re looking for and can choose the higher cash back rate.

If you are shopping online make it a habit to stop by these sites first before you make a purchase.

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2 Responses

  1. Peter says:

    This is all well and good information.HOWEVER…shopping on-line destroys small rural communities that rely on the local shoppers during these times in particular…Please PLEASE remember these special people are your friends and neighbours that will be there for you when you need something…. consider them before you hit send to save $2.50
    PLEASE support local .

    Peter

    • Marie Engen says:

      Hi Peter. Thanks for your comment. I don’t believe these situations are mutually exclusive. In fact it has been shown that people at this time are more likely to shop at smaller stores – butchers, produce markets, etc. to avoid the greater number of people in the larger supermarkets (who definitey don’t practice physical distancing as they barrel down the aisles, plus have you seen the line-ups places like Costco?). Unfortunately some retail is classified as “non-essential” and are closed but they need our support when they are allowed to re-open, hopefully in Phase 2.

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