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The Pros and Cons of Using Cash-Back Apps on Your Phone

Are Cash-Back Apps Worth the Trouble?
3:11 PM, Oct 29, 2018

Contributors

Olivia Frain

Many people are involved in cash reward systems through Visas, coupons, air miles. You name it. Some credit card agencies are doing away with those, but tech companies are stepping in.

One easy way to find affordable gas is to check with cash-back apps on your phone. GasBuddy. BeFrugal. GetUpside.

The Pros and Cons of Using Cash Back Apps on Your Phone

GetUpside is an app that allows drivers to earn $1 to $2 every time they go to the pump at a gas station that’s partnered with them. But just like any new item that promises cash back rewards, you have to ask yourself — is it really worth your time?

You can get your cash through PayPal. And you can earn up to $2 once you use the app. If you’re loyal to the app, it may be worth it.

But according to Pathik Jayani, CEO of Boca Raton app development agency Blue Whale Apps, these apps can limit your options and where you can go.

"Association plays a big role so you always have to make sure that these apps are not just trying to cut corners and offer limited amount of retailers or companies where you can redeem your points," Kayani said. "Having more options is definitely good for users."

Here’s the catch. The money expires in apps like GetUpside. And that’s spelled out in their terms and conditions:
“GetUpside Credits expire twice a year on January 1 and July 1. We will provide you with thirty (30) days’ notice prior to such expiration.”

When it comes to the safety of GetUpside, it requires password protection and security. You’re responsible for that info and what happens to it.

Either way, it's best to do your homework and find out exactly where and how long you can go to specific areas to get your money.

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