Ibotta Vs Honey? Ibotta and Honey are two popular Money-savings tools that help users get cashback and discounts when shopping online or in-store.
Both applications aim to make the shopping experience more affordable and enjoyable by providing various deals, coupons, and cashback offers. But how do they differ, and which one is right for you?
In this article, we’ll compare the key features of Ibotta Vs Honey and highlight their differences to help you choose the one that best suits your saving preferences.
Ibotta Vs Honey: Features Comparison
Ibotta
Cash Back: Ibotta’s main feature is offering cash back on purchases. When you shop through the app at participating retailers, you’ll earn a certain percentage of your purchase back in real cash.
In-Store and Online Deals: Ibotta offers deals for both in-store and online purchases. For in-store deals, you’ll need to add offers to your account, buy the products, and then upload a photo of your receipt. For online purchases, you shop directly through the app.
Wide Range of Retailers: Ibotta partners with over 1,500 brands and retailers, giving you plenty of options to earn cash back.
Referrals: Ibotta offers a referral program that allows users to earn extra cash by inviting friends to use the app.
Honey
Automatic Coupons: Honey’s primary feature is its ability to apply coupon codes at checkout automatically. When you’re shopping online, Honey will search the internet for applicable coupons and apply them to your order.
Honey Gold: This is Honey’s points system. You earn a certain amount of Honey Gold for each purchase, which can be redeemed for gift cards from participating stores.
Price Drop Watch List: If there’s an item you want to buy but it’s too expensive, you can add it to your Honey Droplist to get notified when the price drops.
Wide Online Store Coverage: Honey works on thousands of online stores, making it a convenient tool for all your online shopping.
Ibotta Vs Honey: Review
Ibotta
Ibotta is a popular cashback app and browser extension that started in 2012.
It was originally a receipt-scanning rewards app but has since expanded.
Ibotta focuses on a variety of retailers, with a particular focus on grocery and pharmacy purchases.
To know in details about the Ibotta review then, click here.
Honey
Honey is a helpful tool that can save you money while shopping online.
It’s a browser extension and app that provides users with access to coupons for many websites and online stores.
Ibotta Vs Honey: Benefits
Ibotta
Ibotta is a mobile application that helps you earn real cash back on your purchases, whether you’re shopping online or in-store.
It collaborates with a vast range of retailers, including grocery stores, pharmacies, clothing brands, and travel booking sites.
By using Ibotta, you can earn money while shopping in your usual way.
Honey
Honey is a browser extension that finds coupon codes and applies them at checkout while shopping online for free.
It works on thousands of websites, making it a convenient tool for saving money without the need for manual coupon hunting.
Additionally, Honey offers a points system called Honey Gold, which can be redeemed for gift cards.
Ibotta Vs Honey: Referral Program
Ibotta
Refer a friend to Ibotta and earn $5 after their first qualifying purchase.
See: Ibotta Sign-up Bonus.
Honey
Honey’s referral program gives you 500 Honey Gold points for every friend who joins and makes a qualifying purchase.
Ibotta Vs Honey: Cash Out Options
Ibotta
You can withdraw your Ibotta earnings through bank transfer, PayPal, or gift cards once you reach $20.
See: How to Link your Bank Account to Ibotta.
Honey
If you have at least 1,000 Honey Gold points (equivalent to $10), you can redeem them for gift cards from various retailers.
Ibotta Vs Honey: Key Difference
| Features | Ibotta | Honey |
| Primary Functionality | Cashback rewards on purchases and receipt scanning. | Browser extension providing coupons and cashback. |
| Founded | 2012 | October 2012 |
| Scope of Retailers | 1,500+ retailers, with a focus on groceries and pharmacy. | Wide-ranging, covering various online stores. |
| Coupon and Discount Search | No coupons or discount codes; focuses on cashback. | Extensive search for coupons and discounts. |
| Cashback Redemption Options | PayPal, direct bank deposit, or gift cards. | Gift cards from participating stores through Honey Gold. |
| Referral Program | $5 per referral with no points system. | 500 Honey Gold points for a $10 gift card. |
| Popularity | 4.8-star rating, #37 in the app store’s shopping category. | 4.1-star rating, #58 in the app store’s shopping category. |
| Security | Secure and reliable, with a commitment to user privacy. | Considered safe, with a focus on user data protection. |
Ibotta Vs Honey: Pros and Cons
Ibotta
| Pros | Cons |
| Versatile Cash Back | Manual Process |
| Withdrawal Options | In-Store Limitation |
| User-Friendly App | |
| Bonus and Rewards |
Honey
| Pros | Cons |
| Automatic Coupon Application | Reward Form Limitation |
| Honey Gold Rewards | Limited In-Store Functionality |
| Browser Extension | |
| Price Tracking |
Which App is Best for You?
If you like shopping in physical stores and wish to earn cashback on certain products, Ibotta is a great option for you.
On the other hand, if you prefer online shopping and want a straightforward way to discover and apply coupon codes, then Honey might be a more convenient choice.
Ultimately, your shopping habits and preferences will determine which option is better for you.
See: How does Ibotta Make Money.
Conclusion
Ibotta and Honey are two different ways to save money. Ibotta is a popular cashback app that gives you cashback on certain products when you upload your receipts. It’s great for shopping in stores.
On the other hand, Honey is a browser extension that looks for and applies online coupon codes at checkout. It’s perfect for saving money when shopping online.
We hope that this Content about Ibotta Vs Honey is very helpful to you.
See: Ibotta Vs Rakuten.
FAQS
Which receipt app pays the most for cashback?
Ibotta and Rakuten are two receipt-scanning apps that pay cashback.
What app pays you to scan receipts?
Fetch is a receipt app that rewards you for your purchases from any store.
Does honey work on Amazon?
Yes, Honey does work on Amazon.