Earning cash backs from our purchases is not a new concept these days. However, most of these marketing schemes will require you to spend a big cumulative sum before you can actually feel your cash back. One bank for examples, offers a PhP 5,000-worth of gift coupons if and only if, you can accumulate a spending of PhP 100,000 for the next 2 months! I will DEFINITELY NOT spend 100K just to get 5K-worth of coupons.
But then, if you know where to look, you can actually get cashbacks from things you normally buy which won’t cause you to spend more. You might have seen posts about the SNAPCART app around the internet with the tag line –“may pera sa resibo”. Just as easy as taking pictures of your grocery and pharmacy receipts, can get you cash backs. There are exciting features such the SNAPTISTIC which allows you to play a roulette with the coins you accumulated. Playing will give you either more coins or cash back.
Where do the cash back come from?
Snapcart earns money by selling consumer data they collected from the users’ receipts to multinationals in the consumer goods industry. This data is of great use to Unilever, P&G, among others. From that income, they give cash backs to its users.
How much can I earn as cash back?
Your cash back value depends on the total amount of each VALID receipt you snap as per below. The maximum cash back you can get from one valid receipt amounting to PhP 2,000 or more, is PhP 30. So if you know your grocery will amount to more than 2K, you might want to request for multiple receipts of 2K each to maximize the cash backs.
The final cash back you will get will also depend on the multiplier tied up to your “level”.
What I like the most is that your level gets upgraded as you snap receipts regularly and so is your multiplier. The higher your multiplier, the higher the cashback you can get from a receipt.
Right now, I’m on the Silver level which means that I get 1.2x cash back per receipt.
Which receipts are valid?
How can I encash?
You need a minimum of Php 240 worth of cashback. You’ll only receive PhP 220 since the PhP 20 will serve as a transaction fee with your bank. I already tried encashing and true enough, it was credited to my bank within 7 days. I cashed out PhP 267, minus the transaction fee equals PhP 247 (highlighted red below).