{"id":19019,"date":"2024-02-09T16:19:51","date_gmt":"2024-02-09T16:19:51","guid":{"rendered":"https:\/\/www.webmonkey.com\/pei-app-review-an-awesome-passive-cashback-rewards-app\/"},"modified":"2024-07-11T19:14:17","modified_gmt":"2024-07-11T19:14:17","slug":"pei-app-review","status":"publish","type":"post","link":"https:\/\/www.webmonkey.com\/pei-app-review\/","title":{"rendered":"Pei App Review – An Awesome & Passive Cashback Rewards App"},"content":{"rendered":"
If there's one thing I'm a sucker for, it's cashback reward apps<\/a>.<\/p>\n The way I see it, if you can monetize your data and loyalty when purchasing things you already buy anyways, you might as well make some free money<\/a>\u00a0<\/strong>when you can.<\/p>\n My love for free rewards is the reason I've written posts like my Rakuten review<\/a> or posts on money-saving browser extensions<\/a>.<\/p>\n However, one of the downsides to many of these apps is that\u00a0you have to remember to actually use them<\/strong>.<\/p>\n Between scanning receipts or pre-selecting stores, most reward apps require at least\u00a0some\u00a0<\/em>effort.<\/p>\n That's why today, I'm excited to take a look at the Pei app.<\/p>\n If you want to earn\u00a0free\u00a0<\/em>cashback and Bitcoin, this app is an absolute must-download. Time to break down how everything works in this Pei app review.<\/p>\n UPDATE:\u00a0<\/strong>Pei has unfortunately shut down operations.<\/p>\n For even more ways to save, checkout:<\/strong><\/p>\n <\/p>\n If you've ever used apps like Drop<\/a> or Dosh<\/a>, you'll know exactly what the Pei app is.<\/p>\n In a nutshell, this is another Fintech app that pays you for connecting your credit\/debit cards and shopping at partner retailers.<\/p>\n Companies want to encourage shoppers to visit their stores. That's why they partner with apps like Pei to create an easy, trackable system that rewards consumers for their loyalty.<\/p>\n If you're an avid shopper and live in the United States, downloading the Pei app is a solid way to earn free cashback or Bitcoin.<\/p>\n After all, the Pei app works at more than 110,000 locations across the United States<\/strong> and is growing rapidly in popularity.<\/p>\n The question is, how do you get started?<\/p>\n If you want to get started with this nifty rewards app, the entire process is pretty straightforward.<\/p>\n The Pei app is available for free for both Android and IOS devices.\u00a0Again, you have to live in the United States to use this app.<\/p>\n Once you install the app, you just need to provide your name, address, and email address.<\/p>\n <\/p>\n If you want a free $5 bonus<\/strong>, use the Pei referral code\u00a0pei2020\u00a0<\/strong>when signing up. This will credit $5 into your account as soon as you open it.<\/p>\n Like Drop, Pei requires you to link your credit and debit cards to the app so they can track your spending to detect when you shop at an eligible merchant.<\/p>\n The fact that Pei accepts debit and credit cards is nice, and it's important to note that\u00a0Pei rewards are stackable with many other reward programs<\/strong>.<\/p>\n So, if you have a favorite cashback rewards credit card, you usually don't have to worry about voiding those rewards.<\/p>\n Plus, Pei also lets you link an unlimited number of cards, so no playing favorites!<\/p>\n As for security, the Pei app is safe to use.<\/p>\n Pei uses the same level of encryption as popular Fintech and investing apps like Acorns<\/a><\/strong> and Robinhood.<\/p>\n Additionally, Pei uses 2-factor verification and 256-bit encryption and doesn't store any of your personal information.<\/p>\n <\/p>\n Once you link your cards, you're ready to start earning rewards for your spending!<\/p>\n As mentioned, Pei works at over 110,000 locations across the United States, which is pretty sweet for such a new app.<\/p>\n Additionally, here are some popular stores that work with the Pei app:<\/p>\n And many, many more.<\/p>\n <\/p>\n You can earn up to 20% cashback<\/strong> for shopping at partners, although most partners pay 1-2% cashback<\/strong>.<\/p>\n Honestly, this matches a lot of reward credit cards you'll find, so I don't think it's a weakness for Pei.<\/p>\n Besides, this is free money, and the Pei app usually stacks with apps like Upside<\/a> and other similar apps you so you can really push your savings here.<\/p>\n Pei also has a “spend $20 get $2” category that rotates through different retailers, and it's exactly what it sounds like: a nice 10% cashback bonus at select stores.<\/p>\n Cashback is awarded in the form of points, and again,\u00a0it's entirely automatic so you never lift a finger<\/strong>.<\/p>\n Your rewards can take up to 7 days to appear in your Pei account depending on your bank and the merchant. You can view your existing balance under the “Points Earned” tab.<\/p>\n You need $25 to cash out<\/strong> through Pei, which is steep. This is the unfortunate nature these days of many passive income apps<\/a> and reward programs.<\/p>\n However, if you earn approximately 2% cashback from shopping at Pei partner stores, you can definitely hit this $25 redemption limit at least once per year (probably more if you do most of your household's shopping).<\/p>\n To cash out, you have 2 options:\u00a0PayPal\u00a0<\/strong>or\u00a0Bitcoin<\/strong>.<\/p>\n <\/p>\n PayPal is obviously quite straightforward since you just use the email associated with your PayPal account.<\/p>\n For Bitcoin, Pei uses a batching system to group transactions to prevent individual members from paying transfer fees on their Bitcoin.<\/p>\n In some instances, you'll pay a small fee, but this isn't common.<\/p>\n If you're a fan of free Bitcoin rewards, I also suggest checking out our Lolli extension review<\/a> to earn even more Bitcoin for shopping online.<\/p>\n Pei also offers several free gift card options including Amazon, AMC Theaters, Nike, GameStop, and more.<\/p>\n I wanted to update our Pei app review since there have been some awesome changes to this platform to help you save even more!<\/p>\n Another way to earn more cashback with the Pei app is to activate\u00a0cashback boosts<\/strong>.<\/p>\n This boost lets you earn an additional 1% cashback on everything you buy with a specific card for 48 hours (up to 500 points in bonuses).<\/p>\n Note that the merchant\u00a0doesn't\u00a0<\/em>have to be a Pei partner store for cashback to credit.<\/p>\n To activate this boost, you need to earn points from using the app and doing things like:<\/p>\n <\/p>\n You need 20 points to activate a cashback boost. If you just use the app and put in some effort, this should be easy to accomplish, and you can save these boosts for a major shopping trip.<\/p>\n As mentioned, money-saving browser extensions that help you save more money online are pretty awesome.<\/p>\n So, the fact that Pei has created a\u00a0new browser extension is definitely great news for this platform.<\/p>\n <\/p>\n Like Honey<\/a> and Rakuten<\/a>, Pei's extension helps you earn rewards automatically when you shop online.<\/p>\n The extension currently supports more than 8,000 retailers, and you earn bitcoin or cashback for shopping at Pei partners.<\/p>\n You can also earn bonuses for sharing links with friends right from the extension, which is also an awesome feature for this extension.<\/p>\n Another new Pei feature is the deals dashboard, which lets you find the best prices for products online and in-store.<\/p>\n The deals dashboard lets you search for specific products and merchants to start your shopping search.<\/p>\n You can also filter for products by:<\/p>\n <\/p>\n Searching for products is nice because you get a list of stores offering cashback and some deals on prodicts.<\/p>\n If you're shopping for a big-ticket item, I especially recommend trying out this feature to see if you can find a significant discount at a retailer you don't normally think of.<\/p>\n What's more is that Pei has also rolled out a new price drop feature:<\/p>\n <\/p>\n This is awesome because if the price is something is too high, you just save it to Pei's price drop list and wait for a better time to buy!<\/p>\n Ultimately, it really seems like Pei is starting to compete with the big boys like Capital One Shopping, and it's nice to see this platform is becoming more robust.<\/p>\n I wanted to update our Pei app review since the platform has made some big changes lately.<\/p>\n Now, it's possible to shop at Pei merchants online from your computer and to earn cashback.<\/p>\n <\/p>\n There's actually an impressive number of merchants and cashback rewards, including:<\/p>\n Ultimately, it looks like the Pei app is now a nice middleground between reward apps like Drop and reward websites like Honey or Rakuten<\/a>.<\/p>\n This is the best of both worlds in my opinion since it adds flexibility to how you earn rewards.<\/p>\n There's been a massive update to the Pei app that I saw on Twitter today, so I had to update our review.<\/p>\n According to Pei, users can now trade Bitcoin directly in the app and also earn 4% APY on holdings, calculated daily.<\/p>\n <\/p>\n This is a massive update for the app because it not only makes it easier to buy Bitcoin, but it also lets you put your crypto to work to generate passive income.<\/p>\n I think this update bodes very well for the future of the Pei app, and really, it cements Pei as an app for people who want to earn crypto.<\/p>\n I still think this is an awesome cashback app, but it's clear that crypto is now the focus of the platform.<\/p>\n The easiest way to calculate how much money you can make with this app is to just download it, view the complete list of merchants, and do some guesswork.<\/p>\n Cashback amounts are subject to change, but if you check the Pei partners you shop at most frequently and estimate how much you spend per year, this is a good ballpark guess.<\/p>\n Again, most offers just pay 1% to 2% cashback<\/strong>, and your earning potential is truly limited by how often you shop.<\/p>\n If you use the new deal dashboard and extension, you can also increase your monthly earnigns with Pei.<\/p>\n Ultimately, I wouldn't be surprised if you can earn an easy $50 to $100 per year with this app (or even more) if you pay attention to where you shop and use all the features.<\/p>\n Once again, I like to round out these review posts by seeing what the consensus is (if there is one) about the app in question.<\/p>\n The Pei app is fairly popular in communities like Reddit beermoney<\/a>.<\/p>\n In fact, the CEO of Pei even chimes in on threads, and they've done gift card giveaways as a way of saying thank you in the past:<\/p>\n <\/p>\n You can also find plenty of praise that looks like this:<\/p>\n <\/p>\n Now, the Pei app actually changed from a $15 cash out minimum to $25 a few months ago, and this, alongside possible security concerns, stirs up threads like this<\/a>:<\/p>\n <\/p>\n I will say that the Reddit beermoney community is, in my opinion, notorious for wanting their cake and eating it too.<\/p>\n Pei is free money at the end of the day that takes\u00a0zero\u00a0<\/em>effort on your part. Sure, a $25 limit is high, even for reward apps, but you can definitely hit it once per year or more if you regularly shop at their partners.<\/p>\n As for security, you have to be careful with any sort of rewards app.<\/p>\n You're selling your data at the end of the day and linking your cards to yet another platform. Read their privacy policy and decide if it's worth it or not.<\/p>\n If you want more peace of mind, it's also worth noting the app has between a 4 and 4.8 star review<\/strong> on both app stores and thousands of ratings as well.<\/p>\n Time to wrap up this Pei app review by examining a few pros and cons of going with this rewards app.<\/p>\n Undoubtedly, the main benefits of this app include:<\/p>\n\n
\nWhat Is The Pei App?<\/strong><\/h2>\n
How Does Pei Work?<\/strong><\/h2>\n
1. Install PEI & Signup<\/strong><\/h3>\n
2. Link Cards<\/strong><\/h3>\n
3. Shop & Earn<\/strong><\/h3>\n
\n
4. Redeem Points<\/strong><\/h3>\n
Other Ways To Make Money With Pei App<\/strong><\/h2>\n
1. Cashback Boosts<\/strong><\/h3>\n
\n
2. Try The Pei Browser Extension<\/strong><\/h3>\n
3. Deals Dashboard<\/strong><\/h3>\n
\n
4. Shop Online At Pei Merchants<\/strong><\/h3>\n
\n
5. Trade Bitcoin & Earn Interest!<\/strong><\/h3>\n
Earning Potential<\/strong><\/h2>\n
Other Pei App Reviews<\/strong><\/h2>\n
Pros & Cons<\/strong><\/h2>\n
The Pros<\/strong><\/h3>\n