Looking to earn some extra cash? Well, the conveniently named Cash App not only allows you to send and receive money from people you know but also offers some unique opportunities to earn a bit extra right on the app. It’s why you may have heard many people talking about how they earned “free money on Cash app.”
Now, one caveat our team at Refinement Fund always likes to make is that there is no such thing as truly free money. You always have to put a little effort in some way to earn money. However, these are relatively passive and easy ways to make a few extra bucks here and there, so that’s relatively “free” in most people’s eyes.
With that out of the way, here are our top 16 ways to earn a few extra bucks passively on Cash App right now.
1. Sign Up Bonus
One of the simplest ways to earn free money on Cash App is simply signing up for the app.
Now, before you go to the App Store and download it, there’s one other thing you need to know. To earn the bonus, you need to sign up through a referral program or promotional offer.
If you follow Cash App on social media, they’ll sometimes post offers where if you “sign up right now using this code ___, you’ll earn $X amount of dollars.” The same is true for any influencers who are sponsored by Cash App.
You can also ask a friend who uses Cash App to send you their referral link. You’ll typically earn around $5 signing up through a friend’s referral link unless they have a promotion going on. For instance, they’ve had promotions where you could refer a friend and earn between $10 and $25.
Not to mention that the friend who refers you will also get a bonus, which we’ll get to later in this article.
2. Get Round Ups with a Cash App Savings Account
Recently, Cash App has launched the ability to create a savings account on the platform. It’s a great feature for users wanting to set money aside each month.
While this savings account won’t generate interest like a typical bank account at a set percentage each month, they offer a “round up” feature when you enroll with a Cash Card. This will round up the balance on your Cash Card each month and send that amount directly to the savings account, giving you a little extra spare change.
These aren’t groundbreaking earnings, but every little bit helps when you’re trying to achieve your financial goals.
To enable round ups:
- Go to the Cash App home screen.
- Tap on the money tab.
- Tap your savings balance.
- Select round ups.
- Tap “turn on round ups.”
3. Cash Card Boosts
If you’re wondering what the Cash Card is, it’s essentially a loadable debit card you can get through Cash App. That way, you can spend with your Cash App balance when you’re shopping at local stores. This differs from a traditional bank debit card since you must load your balance manually. Most users find it to be a good substitute for a prepaid card.
Anyway, when you sign up for a Cash Card, a little incentive Cash App gives you is they’ll provide you with discounts at certain stores. It’s similar to the cashback rewards on credit cards without having to spend on a credit line.
It’s a pretty cool hybrid way of spending that combines the benefits of a debit card, prepaid card, and credit card all in one while helping you save a little extra here and there.
To activate boosts on the Cash Card:
- Navigate to the Cash Card tab.
- Tap the boosts icon.
- Scroll through the offers to find the ones you want to activate.
- To confirm your selections, all you have to do is tap on the ones you want to choose.
- When you purchase at those retailers, you’ll receive a notification when the cashback is added to your account.
4. Reimbursements on ATM Fees
Have you ever gone to an ATM that isn’t through your bank and been blown away by the astronomical fees? Signing up for a Cash Card can help with that, too.
When you use your Cash Card to withdraw money at ATMs, there’s a chance they’ll reimburse any fees charged. Within the app, you’ll even be able to find a locator that helps you find fee-free ATMs when you use a Cash Card. That way, you can rest assured that any fees charged at those locations will automatically be reimbursed to you.
This can help in a pinch when you can’t find an ATM for your bank but can still use your Cash Card to withdraw money without the fees. It’ll save you a few dollars here and there.
5. Participate in Spin the Wheel Competitions
Cash App often offers weekly or monthly spin-the-wheel competitions where winners can get some free money added to their accounts.
All you have to do is check for when these competitions pop up in the app to participate. Then, winning can be as easy as clicking a button.
It’s an excellent way for Cash App to keep users active and engaged as they use their accounts.
6. Cash App Giveaways
Cash App also offers regular giveaways. Sometimes, these giveaway events will send rewards for completing activities like fun personality quizzes or in-app events.
Otherwise, they do regular social media-based giveaways called “Cash App Fridays.” Basically, they’ll give away some small cash awards to those who like, share, and comment on posts on these Friday events.
Cash App is one of the more engaging companies to follow on social media, so they’re worth adding to your feeds. And, if you see one of their posts pop up on a Friday, give it a like or a comment, and you may just luck into passively earning a little extra money in the process.
7. Sell Products or Services with Cash App as the Payment Method
Many freelancers or small online business owners can struggle with pesky fees on whichever payment method they choose. Cash App helps solve that issue by providing a no-fee payment method.
If you’re an e-commerce business owner, you can set up a Cash App gateway at checkout via a simple plugin to enable your customers to purchase through their Cash App account. You can also set it up to automatically deposit any funds you earn directly into your account for easy withdrawal.
You can also receive peer-to-peer payments for your services through Cash App, or if you’d like to send an invoice, Cash App can be integrated with payment processors like Square to automatically deposit any payments right to your account.
Just be aware that some peer-to-peer business transactions may accrue some fees. However, Cash App will let you know if that’ll be the case before the money is sent.
8. Set Up a Crowdfunding Program
While this isn’t earning free money directly from Cash App, this is an easy way to generate money for a cause while accepting payments on a platform many people use.
Since Cash App is so well-known and easy to use, it may even help you generate extra funds from people who wouldn’t have donated through other methods. They even make the process easier by allowing you to promote your custom $cashtag on social media, emails, and fliers where people can send money for the cause.
9. Earn Rewards for Linking a Bank Account
Another simple and passive way to get free money and savings through Cash App is linking your bank account. Then, when you use that connected account’s debit card to make purchases, you’ll get discounts at select retailers. It’s similar to how the Cash App Cash Card works but with an actual bank’s debit card instead.
This is also a great value for people who want cashback rewards but don’t want to spend on a credit card.
10. Activate Your Cash Card During the Holidays
Cash App usually runs new user promotions during the holidays (October through January). If you sign up for a Cash Card during that time, you can likely get a deal for a better signup bonus.
Not to mention that you may earn some additional rewards by doing your holiday shopping with your new Cash Card.
11. Bitcoin Boost
If you invest in Bitcoin, consider managing your Bitcoin balance through Cash App. The main benefit is you can link that balance with your Cash Card. Then, when you earn rewards while spending on the card, those can automatically be converted into your Bitcoin balance.
It gives you a little extra boost when the value of Bitcoin goes up since you’re passively adding to that balance all the time.
12. Avoid Fees By Getting Affiliate Payouts Through Cash App
Are you an affiliate marketer? Well, you may know that some affiliate programs are a bit tricky with their payout structure, adding in additional fees when you choose certain payout methods.
Depositing your affiliate payouts into Cash App can help with that. It’s an easy transfer method for affiliate programs to manage, so it can often be completed faster and without added fees. It’s a win-win.
Plus, you can add that money to your Cash Card balance to earn even more rewards when spending.
13. Monetize Your Audience By Charging for Premium Content Through Cash App
Are you an influencer or artist? You’re in luck because Cash App can be linked as a payment method when you’re charging for premium content. It often makes it easier to earn from your work rather than sending your fans to Patreon or other websites. Instead, you’ll have options like:
- Offering payment using your $cashtag when viewers want to purchase unwatermarked or high-resolution originals of your artwork after seeing it on Instagram.
- Integrate with social media to charge users who want to download your full album or song after hearing a preview of it.
- Integrate with blogs to charge for access to all your content after a user reads a few of your articles.
- Offer an easy payment method to collect tips for your work.
14. Cash App Referral Program
As mentioned earlier, Cash App not only offers a signup bonus when you are referred by a user and join the app, but the person who sends the referral link also gets a bonus in the process. Just like the signup bonus, it’s usually about $5. However, Cash App does run some deals where you can get bonuses of $10-25 during certain promotional periods.
It’s an easy way to make extra cash while referring your friends to a great service.
15. Direct Deposit
You can also earn additional rewards by enabling direct deposit with Cash App. When you receive direct deposit payments through your job, Cash App often gives you extra bonuses or exclusive deals. That way, you can maximize your spending and earnings passively.
16. Cash App Surveys
The last way to earn quick money on Cash App is to complete surveys on the platform. Most of them are quick and easy while making you around $1-5 for each one.
It’s not a huge amount of money, but it’s not a bad way to take advantage of some free time when you’re sitting in a waiting room or browsing your phone while on a break from work. It’ll add up over time.
Cash App Likes to Reward Its Users
Overall, as you’ve probably seen throughout this article, Cash App simply operates around the principle of rewarding its users for being on the platform. It’s a great business model that benefits everyone.
If you haven’t already started using it, consider doing so. It’s similar to spending on your credit card without so much risk of racking up a ton of debt. In our book, that’s a pretty great deal!
