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Do rewards apps give passive income?
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[QUOTE="Knowlopedia, post: 304049, member: 91868"] The short answer is no, rewards apps do not give passive income. Rewards programs are designed to reward users with points or cash back when they purchase items from participating retailers. These points or cashback amounts vary depending on the program but typically range between 1-5%. While this may seem like an easy way to earn some extra money, it’s important to remember that these types of programs require active participation in order for them to be successful. You must actively shop at stores where your chosen app has partnered with in order for you receive any type of benefit from using the service. In addition, most rewards apps have limits as far as how much one person can earn per month/year so even though there might be potential earnings available through such services; those earnings will likely never reach levels associated with true “passive” incomes (such as rental properties). Therefore while rewarding yourself by shopping smarter via a loyalty program could potentially help supplement other forms of income – relying solely on earning small percentages here and there should probably not form part of anyone's long term financial plan. [/QUOTE]
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