What Is The Pei App?
The Pei App is one of the newer cash back apps around. Although it is a newer app, the number of available stores in the application has increased significantly in my area over the past couple months of my use. I expect as more users join they will continue to increase the number of retail stores and restaurants available. However it's always nice to get the surprise notification that I just earned cash back at a store I was not expecting! Pei works by connecting your credit card or debit card without using a pin number. Once your card is connected you will also need to turn on your phone's location so that Pei can properly recognize your purchase with the location of the store in order to confirm a successful transaction. After the initial search through the application to find stores in my area that I'm most likely to shop at, I personally don't even open up the app unless I'm making a decision between two places. If I know I can get cash back via Pei or another cash back app, it may make me lean towards one restaurant vs the other.
If you use Uber (3%) or Lyft (1%) often, then the Cash back they provide could be a nice incentive. Other than that, their list of preferred merchants is slim for their "Online Deals". Only local options for restaurants are of any real benefit to me personally.
Their Cashback Boost is a nice feature as well. Use the Cashback Boost to increase your Cashback rewards by 1% anywhere you shop, for a 48 hour period, and the retailer is NOT required to be a Pei Partner. So if you plan on having a major shopping day sometime soon, or on vacation, be sure to activate the boost option to gain some additional cash back. This is a nice general increase to the normal cashback from your credit card provider, although it has limited use. In order to activate the boost you must first unlock it by hitting 20 points.
+1 Link a new card
+2 Invite a Friend
+1 Gift Card Cashout: Choose the gift card option to cash out at least once, instead of PayPal or Bitcoin.
+1 5X Loyalty: Get the 5X Loyalty Bonus for shopping at a merchant 5 times.
+2 Preferred Merchants: Shop at a Pei Preferred merchant.
With the Cash Boost you will receive 1% bonus over a 48 hour period, no matter where you shop, but you can only gain a max of 500 points during that time. $500 is not a difficult number to stay under considering you would have to spend $50,000 during that 48 hour period in order to max it out! Black Friday, Cyber Monday, or perhaps a vacation would be a great time for you to activate your Cashback Boost!
Get $2.50 sign up bonus after the first time you make a purchase with a Pei merchant. There's a limit of 50 referral bonuses you can receive for inviting friends and family. Payments are made via PayPal, Bitcoin, or Gift Cards, with a $25 minimum to cash out.
Invest Your Cash Back!
Want to do something smart with your cash back? How about use it to pay off student loan or credit card debt. You can also use that cash as essentially free money to invest in the stock market. Webull is currently giving away 2 free shares of stock to any new user who deposits at least $100 in their Webull trading account during the sign up process. These 2 free shares of stock are valued between $12 to $1400. This is a great way to get started investing just by doing your normal online and in-store shopping, receiving cash back, then putting that cash back to work in the stock market.
The Pei App is in my Top 7 Cash Back Apps, so if you haven't watched that video, be sure to check out my Top 7. Is the Pei App an app you would want to use given this information? I use the Pei App along with many others to ensure I'm always stacking my cash back rewards, and you should too. Let us know what you think or your experience with the Pei App in the comments below.
Rakuten, formerly known as Ebates, provides cashback when shopping in-store at certain restaurants and retailers, through their mobile app, or using the browser extension on your laptop or desktop computer to make online purchases. Rakuten is maybe the most popular cash back app available, and certainly has the widest selection of online stores to choose from. Rakuten bought out Ebates which is also one of the oldest cash back Apps around.
How Do I Earn Cash Back?
The Dosh App is a Cash Back App which provides cashback when using your credit or debit card via in store purchases, purchases within the Dosh App, as well as via online purchases on your laptop or desktop! When using a Debit Card you must make a credit card transaction, meaning not to use your pin number. Otherwise transactions won't be recognized. The reason it does not work with debit transactions is because Dosh, like many cash back apps, works through the credit card processing company. Debit transactions go straight to the bank instead of a credit card processor. But with Dosh every purchase doesn't need to start within the app to receive credit! Any "Online Offer" listed in the app will receive credit from Dosh once they receive confirmation of the transaction from the credit card processor, and you don't have to start your transaction from within the Dosh App. All of their "Online Offers" are stores where you receive cash back automatically! Receiving cash back can take up to 30 to 45 days before it is available for withdrawal. The reason it COULD take this long is to ensure items are not returned, as this is a typical return period for most retail stores. Your cash back may continue to show as "pending" during this time period.
Did you know you don't have to use the HSA Provider your company has selected? That's right, you can choose the option you feel is best for you, and which may have less fees and better features. Of course if you receive any additional benefits like an initial deposit from your employer, it may be easier to use the HSA Provider they work with. However every dollar you deposit afterwards can instead go towards an HSA Provider of your choosing
Lively is one such option you can choose from. Lively is an HSA Provider which allows you to save and invest in your HSA Account outside of what your employer may or may not provide. For the investment side of the HSA, Lively works with TD Ameritrade, the most popular trading platform available which now also has free stock trading
How Does It Work?
If you use a car, which most Americans do, then this app is for you! GetUpside provides you with cashback for all of your gas purchases. Every time you get ready to fill up your gas tank, pop open the GetUpside App to check for the Cashback offers near your location. You can view the nearest participating gas stations, the price of gas at these stations, and how much cashback GetUpside will pay YOU per gallon for using a particular gas station. After you first signup you will receive a bonus of 15 cents cashback per gallon when using code FAB72. With the average gas tank taking over 15 gallons to fill, that's about $2.25 back on your first use! Just claim the offer via the app when you're headed to the gas station, and fill up your tank using your credit card during the claim period. After filling up, take a photo of the receipt and upload it in the app, and within a few hours or days receive cashback for your gas purchase! Yes, it's that simple! You do have to use a credit or debit card for your purchases, even though you do not have to link a credit/debit card in the application. Cash and prepaid debit/credit cards are not accepted. If you choose, you can also link your credit card to the application that way you don't have to upload your receipts, but this is not a requirement. For those who like to automate things, this is a great option for you.
After your initial purchase the cashback offer will vary. I've seen as little as 1 cent up to 20 cents as the cashback offer, depending on your area. Larger cities seem to have the better cashback deals since there's more gas station competition. You must purchase your gas, and upload your receipt during the claim period. Claim periods are set for 4 hours. It may be beneficial in some cases, to claim the offer prior to going to the gas station, in case you see an offer that is higher than normal. The amount of cash back provided per gallon will change from day to day, so if you use the same gas station often you may start to recognize a pattern. If you invite a friend to use the GetUpside app, you receive the same 15 cents per gallon bonus every time a friend signs up! In addition to the initial bonus, you also receive 1 cent per gallon for every future gas purchase your friends make! This can add up over time, especially if you have friends who commute a lot or go on road trips often.
I'm Cashin' Out!
The Drop Rewards App. Within this app you have two ways to gain cashback. You can connect your credit card to automatically receive cashback when you shop in-store or online using their Power Offers Power Offers are pre-selected stores where you ALWAYS receive cashback. As a new user you can only have 2 Power Offers for automatic cashback. I was able to select Chipotle and Starbucks as my preferred Power Offer options. The 2nd way to earn cash back is to shop within their app making ad hoc purchases with the available stores in the app. (name some stores) If you prefer using a laptop or desktop to shop, for the larger screen, you can email links to yourself to ensure you get the referral when shopping on your computer!
What would you do if you had extra cash trickling in every month, or every quarter? You could buy more stuff! Give gifts to your family and friends! Let your kids spend it! Put it into a high yield savings account! Invest it! Or...use it to pay off DEBT! If all of these options are possibilities for you, then paying off debt is your top priority. Did you know that Debt is just Investing backwards? The same way investing helps your money to grow by using compound interest, compound interest also helps your debt grow...just not in the direction you would like! Think of it as Negative Compound Interest. This interest is also a stronger force than the S&P 500 or Total Stock Market. Over the past 50 or so years, the Total Stock Market and S&P 500 have averaged around an 8% to 10% gain per year. Credit Card Debt however, currently has an average interest rate of over 17%. If you have debt with interest rates that are higher than the average gains in the stock market, then you need to focus on paying off these debts. This doesn't mean you can't use credit cards or invest, however! Good news!
A great way to start earning extra cash without working a side hustle, getting a raise, or changing jobs, is to earn Cash Back on your everyday purchases. The BEST way to use Cash Back is to pay off debt, which I would highly recommend if you have high interest Credit Card Debt or Student Loan Debt. When you use it to pay back debts, it is just like getting an immediate return on your "investment". Especially with credit cards, considering the average interest rate on a credit card is around 17% . The stock market over its history has averaged about 8 to 10%, so if you do have Credit Card debt, it doesn't mean you have to completely stop using them. Here's what I mean...
Credit Cards Are A Strong Foundation
AJ Mobile Money
Husband | Father | YouTuber | Former ATLien
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