How would you like to earn cashback when you shop at your favourite stores? If that tickles your fancy, then take a look at this LoyalBe review to see how the app works and how much you can expect to earn.
I’m a big fan of cashback sites because they’re an easy way to earn money when you shop. But they often come with one issue… I have to remember to use them. But there are apps that are much simpler to use and automatically credit you with cashback. And LoyalBe is the latest to reach my door. Or arrive on my phone to be exact.
What is the LoyalBe app?
LoyalBe is an app that you link directly to your bank and it rewards you with coins when you shop in certain retailers. When you collect enough coins, they can be exchanged for gift cards. It’s completely free to join and use.
How does LoyalBe work?
First, you will need to download the LoyalBe app to your phone and create an account. It’s very quick to do and shouldn’t take more than a couple of minutes.
Then, you will need to link LoyalBe to your current account. This is done through something called Open Banking. If you already have your bank’s app downloaded to your phone, it’s a simple process and is usually done with a couple of clicks. This allows LoyalBe to know when you have shopped at one of their chosen retailers.
When you make a purchase, you’ll have loyalCoins added to your account. When you have enough coins, they can be swapped for gift cards.
Which accounts does the app work with?
LoyalBe can be linked to:
- Bank of Scotland
- Danske Bank
- First Direct
- Lloyds Bank
- Ulster Bank
Where can you collect coins?
If you’ve ever used similar apps to this one before, you’ll know that retailers can change fairly regularly.
At the moment you can collect coins from:
Plus a few more.
How much can you make?
This depends on the retailer. For example, shop in Primark and for every £1 you spend, you’ll receive 30 loyalCoins. But shop in Greggs and and you’ll only receive 10 loyalCoins.
A £5 gift card will cost you 5,000 loyalCoins. That means that if you spend £167 in Primark, you’ll receive enough coins for £5.
On the other hand, you will need to spend £500 in Greggs to claim the same amount.
Is it really worth it?
Ok, so you’re not going to be making huge amounts here, but there’s little you need to do apart from link your bank account and then claiming your card when you have enough points.
What gift cards are available?
The value of the cards range from £5 to £50 and includes stores like Argos, Amazon, Marks & Spencer, Tesco, Currys and asos.
The only real downside to this app is the fact that you’re not able to link it to all current accounts. I use my Chase account to pay for everything at the moment because it gives me 1% back on purchases, so it’s a shame I can’t connect it to LoyalBe. The same can be said for credit cards, some of which also offer cashback.
LoyalBe refer a friend
If you like using the app, you can recommend it to your friends. And when you do so, not only will they earn a bonus 1,000 loyalCoins, you will too. Just visit the refer-a-friend section in your app to find your unique code.
My LoyalBe review conclusion
Overall, not a bad cashback app. Once you’ve set it up, you can basically forget about it and check back every few months to see how many coins you’ve made. Plus, you can combine it with some other apps like Airtime Rewards and earn even more rewards.
I just hope that they extend the number of banks and cards you can connect the app to in future.
If you fancy giving it a go, click on the button below and you’ll get 100 coins just for joining.
If you’re interested in earning more, why not take a look at some of the best cashback apps?