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For the entire month of August 2016, TopCashBack is increasing their payout rate with American Express Gift Cards from 3% to 5%. TopCashBack is an online shopping portal that gives you cash back for using their links when shopping online.
What Is TopCashBack?
TopCashBack is one of the most popular online shopping portals across the web. These portals are online websites that partner with thousands of online retailers on the web, and put their affiliate links onto one page. When you click on one of these links to make a purchase at a particular store, TopCashBack earns a commission. Instead of keeping that commission all to themselves, they give it back to the consumer in the form of cash back.
In short, TopCashBack is a cash back search engine to thousands of online retailers. Each time I shop online I now earn an average of 7% in cash back thanks to these shopping portals.
Here are some of the more popular retailers you can find on TopCashBack with their associated cash back rates.
- Walmart – Up to 4% cash back
- Amazon – Up to 10% cash back
- GNC – 11% cash back
- JCPenny – 6% cash back
- LivingSocial – 15% cash back
- Guitar Center – 7% cash back
- Many other offers
Registration is completely free with a $10 bonus upon sign-up. When you reach a minimum of $10 in earned cash back in your account, you can choose to withdraw to PayPal or in the form of Amazon or American Express Gift Cards for a 3% withdrawal bonus. Until the end of August, if you choose the Amex withdrawal option it’s a 5% withdrawal bonus.
How Does TopCashBack Work?
It may sound a bit confusing about how these shopping portals work, so we’re going to give you a quick example of what to do in order to get started earning cash back.
You can register for a free TopCashBack account by clicking this link here. All you need is your name, email and to create a password to get started. Don’t forget to verify your email. As a new member, you automatically start with a $10 bonus, but you can’t withdraw this amount until you’ve earned an additional $10 in cash back.
2. Search for a store.
Use their search engine to search for a store of your choosing. As an example, we’re going to use Walmart. Our search results show that by using their affiliate links, we can get up to 6% in cash back when shopping at Walmart.
3. Shop like you normally would.
Click on the pink “Cashback” button to be redirected to the retailer’s website – in this case, Walmart. From there, make your purchase like you normally would. TopCashBack uses browser cookies to automatically keep track of your purchase so that when you buy something, the right amount of cash back will go into your account.
It can take up to 10 days for cash back to appear in your account, but I normally see it there within 1-2 days. If you don’t see it right away, just be a little bit more patient.
5. Cash Out.
Once you reach a minimum of $10 in cash back, you have 4 options to withdraw: PayPal, Amazon Gift Cards, American Express Gift Cards, and direct deposits into your bank. Now until the end of August, the American Express checkout option gives you a bonus of 5%.
Refer Your Friends For An Added Bonus
A great way to earn even more with TopCashback is to refer your friends. Each time you friend signs-up using your affiliate link, they earn a $10 bonus. After they make their first purchase using the TopCashBack shopping portal, you get a bonus of $10. If you’d like to support FFL, you can register using our referral link – we’d greatly appreciate it!
There’s More Than One Shopping Portal
Just because you signed-up with TopCashBack doesn’t mean you can’t use other shopping portals. Sometimes they don’t always have the best rates for a particular retailer, and if they do, these rates often change. My other favorite shopping portal is BeFrugal, often having incredibly competitive cash back rates.
With so many different shopping portals, how do we know which one has the best rate? Right now there are over 10 different ones that I use, and I don’t want to have to individually go to each site in order to find out which one gives me the highest amount of cash back.
Fortunately, there’s a tool called Cash Back Monitor that serves as a shopping portal search engine. Simply type in where you want to shop, and the results show you which shopping portal gives you the highest rate for that particular retailer.
We see form the image above that when we type in “Home Depot,” there are 4 different portals that give you the highest amount of cash back at 3%. We recommend using this tool each time before you shop online since these rates constantly change.
What’s Another Great Way To Save Money Online?
Shopping portals are an incredibly useful tool when it comes to getting the most amount of cash back on your purchase. However, there are also some other quick and easy ways to save money online. One of them is buying discounted gift cards.
There are multiple online gift card resellers that sell you gift cards at a discount from their actual retail value. My personal favorite is Raise – they usually have the best rates, and my gift cards are usually delivered within just a couple of minutes (although it can take up to 24 hours for e-gift cards to arrive).
The image below shows us that we can get a Walmart gift card for 3% off its retail value. If we add this to our 6% savings from TopCashBack, we’re already getting 9% off our purchase at Walmart.
Registration is completely free, and you even get a $5 bonus when you first log-in. We suggest never going with physical gift cards since they can take up to 7 business days to arrive at your door. Not only that, but they’re more prone to getting lost. While Raise does have a gift card guarantee that you’ll always receive your discounted price, it’s just a hassle to deal with. You can check out our list of top gift card resellers.
Use TopCashBack Again On Your Raise Purchase
You can also double dip by using the TopCashBack portal to get a discount on your already discounted gift card when you shop at Raise. Go back to the TopCashback page and search for “Raise.” You’ll notice that for most gift cards (there are a few exceptions), you can get 2% in cash back off of your purchase. Add this to our 9% savings and we’re now at 11%.
The 5% bonus on American Express Gift Card withdrawals drops back to 3% after the end of 2016. There’s no telling when TopCashBack is going to hold this promotion again, so be sure to take advantage of this offer while you can.
If you have any questions about portals or anything else related to saving or making money online, feel free to leave them down in the comments below. Thanks for reading and happy frugaling!