Are you an Ibotta user? Well, listen up because there’s something you need to know.
Ibotta has recently introduced an account maintenance fee for inactive accounts. Yes, you heard that right.
If you haven’t used your Ibotta account in the past six months and still have a balance, you’ll be charged $3.99 per month.
The good news is, active users are exempt from this fee.
So, let’s dive into the details and learn everything you need to know about Ibotta’s account maintenance fee.
Understanding the Ibotta Account Maintenance Fee
If you haven’t used Ibotta in six months, a monthly fee of $3.99 will be deducted from your remaining balance as part of the account maintenance fee. This fee is imposed on inactive users to cover the costs of managing and maintaining their accounts.
Active users, on the other hand, are exempt from this fee as it is covered by fees earned from partner brands and retailers. Regularly using the Ibotta app ensures that your account remains active and free from account fees.
It is important to note that the account maintenance fee is deducted from your Ibotta balance, not your bank account. You won’t receive a bill or be charged directly for the fee.
To avoid this fee, simply redeem a qualifying offer at least once every 180 days. Cancelling your Ibotta account is also an option, but it is not necessary if you continue to use the app regularly.
Who Is Affected by the Ibotta Account Maintenance Fee
To avoid incurring the Ibotta account maintenance fee, make sure to use the app regularly to keep your account active. Understanding the purpose of the maintenance fee is crucial.
Here’s why active users are exempt from the fee:
Active users contribute to the revenue: The maintenance fee is covered by fees earned from partner brands and retailers. By using the app regularly, you support Ibotta’s business model and help cover the costs.
It’s a fair policy: The fee is only applied to inactive accounts with a standing balance. If you haven’t used Ibotta in six months, the fee is deducted to cover the costs of maintaining your account.
No direct payment obligation: The account maintenance fee is deducted from your Ibotta balance, not your bank account. You won’t receive a bill or be charged directly.
Reactivating your account is easy: Simply redeem a qualifying offer to reactivate your account. By doing so at least once every 180 days, you can keep your account active and avoid the maintenance fee.
How Does the Ibotta Account Maintenance Fee Work
Understanding how the Ibotta account maintenance fee works can help you avoid unnecessary charges.
The impact of the Ibotta account maintenance fee on users is that if you have an inactive account with a balance, a monthly fee of $3.99 will be deducted. This fee is meant to cover the costs of creating and maintaining your account.
However, active users are exempt from this fee as it is covered by fees earned from partner brands and retailers.
To avoid the fee, you can simply use Ibotta regularly, redeeming offers at least once every 180 days.
As for potential alternatives to the Ibotta account maintenance fee, you can consider canceling your account, but make sure to explore ways to earn cash back with Ibotta before doing so.
Avoiding the Ibotta Account Maintenance Fee
Using Ibotta regularly and redeeming offers at least once every 180 days helps you avoid the monthly fee deducted from your balance.
Here are some tips for maximizing your cash back earnings and saving money with Ibotta:
Explore a wide range of offers: Ibotta offers cash back on groceries, household items, beauty products, and more. Take advantage of a variety of offers to maximize your savings.
Plan your shopping trips: Before heading to the store, browse Ibotta for available offers. This way, you can plan your purchases and ensure you earn cash back on the items you need.
Stack offers for more savings: Ibotta allows you to stack offers with store sales and coupons. By combining these savings opportunities, you can maximize your cash back earnings.
Refer friends and earn bonuses: Ibotta offers referral bonuses when you invite friends to join. By sharing your referral code, you can earn additional cash back and save even more money.
Reactivating or Cancelling Your Ibotta Account
Simply redeem a qualifying offer to reactivate your Ibotta account. By doing so, you can maximize your cash back and enjoy the benefits of keeping an active Ibotta account. Here are some ways to make the most of your Ibotta experience:
Ways to Maximize Cash Back | Benefits of Keeping an Active Ibotta Account |
---|---|
Clip and redeem offers | Earn cash back on your everyday purchases |
Link loyalty cards | Automatically earn cash back without scanning receipts |
Shop online | Get cash back from online retailers |
Unlock bonuses | Earn extra cash by completing bonus challenges |