--- title: 'Everything You Need to Know About Cashback Apps | Sunrise' source: 'https://youtube.com/watch?v=smqmx3TFsBg' video_id: 'smqmx3TFsBg' date: 2026-08-18 duration_sec: 178 channel: 'Sunrise' --- # Everything You Need to Know About Cashback Apps | Sunrise > Source: [Everything You Need to Know About Cashback Apps | Sunrise](https://youtube.com/watch?v=smqmx3TFsBg) ## Summary This video features an interview with Angus Kidman from Finder, explaining how cashback apps work and comparing three popular options in Australia: ShopBack, Cash Rewards, and Grow My Money. It also provides practical advice on avoiding scams and using these apps effectively. ### Key Points - **Cashback apps promise savings** [00:02] — Cashback apps encourage spending at partner retailers to earn a percentage back, appealing to Australians stressed about finances, with nearly half able to survive only a month on savings. - **How cashback apps work** [00:27] — Users sign up online, and partner retailers give a percentage of spending back as cash, offering regular savings on sites already used for shopping. - **ShopBack overview** [00:53] — ShopBack offers about a thousand different sites and includes fun features in its app, making it a good option for variety. - **Cash Rewards overview** [01:07] — Cash Rewards is one of the largest in terms of partners, suitable for shopping at many different places, though rates can vary. - **Grow My Money overview** [01:33] — Grow My Money puts cashback into a mortgage or savings, helping long-term financial growth by reducing interest payments, and can be paired with a credit card. - **Avoiding scams** [02:13] — Advice includes researching brands via Google or consumer forums, being cautious if something looks suspect, and remembering that cashback isn't always the best deal—20% off ticket price beats 2% cashback. - **Smart usage** [02:38] — Shop around and compare, use cashback apps when they fit habits, but don't use them all the time; make sensible decisions for each purchase. ### Conclusion Cashback apps can provide genuine savings, but users should compare options, research legitimacy, and use them strategically rather than as a primary discount method. ## Transcript too good to be true doesn't it but that is exactly what cashback apps promise to do encouraging you to spend money at certain retailers to earn a percentage back in cash it comes at a time when Aussies are feeling extra stressed about their finances with almost half saying they could only survive for a month on their current savings so what are the best cash back apps around and what do all of those questions is Angus Kidman from finder great to have you with us Angus again so can you start by explain first off what is a cash back app so basically with a cash back app you sign up for one of these services online and partner retailers they'll give you a percentage of what you spend back as so cash back it's you know it's kind of all in the name so and that's a really great way of getting you know a regular saving on sites that you're probably shopping on anyway we're all addicted to online shopping I know you are so yeah a lot of people wouldn't realize this is a thing so you've compared three of the biggest ones what's going on with shopback so yeah shopback is a good thousand different sites so there's a lot of good options you've got going on stuff building into their app so if you kind of want to have a little bit of fun you know that's definitely a good one to look at that'll okay be interested what about cash rewards cash rewards is one of the largest in terms of Partners so retailers so definitely a good one to look at if you're shopping at a lot of different places I'm just looking at the cons there so um what are you saying with that so the rates can be high is that H so no so yeah things can vary what's going to go on and whether you're going to get these you're not always one of them so a little bit of shopping around can help with all you get more back on some things but not uh grow my money so grow my money this is a really back instead of just getting it back as cash you put it into your mortgage or help you long term because it's going to grow that saving you've got when you're your interest payments and they also you can partner that with your credit card you've got you can do that with all the shopping you're doing so for long-term financial gain I think Groo money is a really good option because it just let it back but it's actually going to help you in the long run so I'm a big fan of that Angus it all sounds a little bit too good to be true and we always know that there are people out there that might want to take advantage what should we try to avoid here in terms of getting ripped off well I think anytime if you bit of hunting around go on some consumer Forum say ask just Google do that Google search hey this brand is it for real right and if it looks suspect I'd be careful also remember that it's not always going to be the best way to save money because 2% cash back is great but 20% off the ticket price is still advice is always shop around and compare when you can use one of these things to save money great but you don't have to use them all the time so just make that sensible decision for each time you're spending money yeah if it fits into your habits anyway why not absolutely on okay thank you Angus