Welcome to my Dosh app review!
Dosh is a very popular app these days, and there are a lot of people making decent money with it. So, I downloaded it myself to see what all the hype was about. Let’s dive in!
- Update 1 (5/6/18): Dosh isn’t quite as awesome as it was when I initially wrote this review. Scroll down to the complaints section to read why.
- Update 2 (6/9/18): Dosh addressed most of the issues, and is once again highly recommended.
- Update 3 (10/3/18): Dosh continues to expand its local offers, making it better than ever.
Dosh is the latest cash back app to dominate the app stores (it’s available for both Android and iOS), and it’s easy to see why. Unlike most other cash back apps, you don’t need to scan receipts or do any “work”. You simply connect your credit card to Dosh, and automatically get cash back whenever you make a qualifying purchase.
Sounds great, but is Dosh safe or a scam? Since you have to link a card, there is definitely a legitimate privacy concern. I won’t make you wait: Dosh is perfectly safe to use. I’ll be covering this and more later in my review.
How Does Dosh Work?
If you do any kind of shopping, you probably know there are ways to get a small percentage of cash back on your purchases by using coupons, discount codes, and cash back apps.
The problem with these conventional methods that deters most people is the work involved. The regular run-of-the-mill coupons for like 1-5% cash back can be too much of a hassle to even bother with.
And that’s where Dosh comes in.
Dosh is essentially a “set it and forget it” application. All you have to do is sign up, link your card, and then whenever you use that card you get cash back automatically. No digging around for coupons, no scanning receipts, no hassle.
Once Dosh is installed on your phone and your first card is linked, Dosh shows a list of “offers” – nearby businesses that are partnered with Dosh. Next to each listing is the cash back percentage they offer.
If you live out in the sticks like I do, there probably won’t be many nearby offers available. If you’re in a decent-sized city however, you should have tons of options.
There are also tons of online offers available, including huge names like Walmart, Target, and Nike. So if you do a lot of shopping online, this would be a great way to cut down on some costs.
Once you’ve accrued at least $25 (doesn’t take long), you can cash out immediately.
Another thing that sets Dosh apart is the huge earning potential. You’ll see why soon.
How to Make Money with Dosh
Dosh is good for more than just cash back from stores. There are several other ways to earn money with Dosh, all of which can be very lucrative.
Link a card for a free $5
When you link your first card, you will immediately get $5 for free. If you use more than one card, you will want to link the others in order to get cash back for purchases you make with them. Each additional card you link will earn you an extra $1 for free.
Get cash back on hotel bookings
If you ever stay at hotels, you will definitely want Dosh. The average cash back for a hotel in New York is $106. For Memphis, the average is $205. And for Rome, the average is an astounding $1,037!
You will also receive a free $25 for your first hotel booking, on top of the cash back.
Refer your friends to Dosh
In the Dosh app, you’ll see a menu item called “Refer”. When you click this, it will display your unique referral link/code. You can send this to friends and family through SMS, email, and social media, or you can manually copy and paste it wherever you want.
When people click your link or enter your referral code, download Dosh, and link a card, you will get a referral bonus – in other words, free money!
The referral bonus is currently $5. (Oftentimes Dosh will do a promotion where the referral bonus will be $10, or even $15).
The income potential here is quite high. Let’s say you send the link to 100 people. Even if only 20 of them sign up and link a card, you’ll earn $100! I know of some people making a lot more than this though. It’s entirely possible to make several thousand from referrals alone!
Join Dosh here and start referring your friends. Enter code IANH1
Refer Businesses to Dosh
Want to really make a lot of money? Refer a business to Dosh!
You will get 20% of the business’ Dosh fees for two years. That could be a full-time income depending on the size of the business.
In order to refer a business, you agree to some terms and conditions, and then fill out a form on the app.
How Does Dosh Pay?
Once your Dosh balance reaches $25, you can cash out by Direct Deposit or through PayPal. Usually the funds take several business days to transfer, but sometimes all it takes is a few minutes.
UPDATE 12/16/18: Starting now, you have to get cash back from a Dosh merchant at least once before you can cash out, even if you’ve hit the $25 minimum. Thankfully, there are tons of offers available on the app now that this requirement shouldn’t be too cumbersome.
Dosh App Complaints
Complaints in yellow were added on 5/6/18:
Updates were added on 6/9/18
Not getting cashback for online purchases
According to this article, it takes about 90 days to receive cashback for online purchases. But what’s worrisome is that some users reported that after making an online purchase, it did not show up on their Activity page in the Dosh app.
Nearby offers are few and far between
Even if you reside in a well-populated area, don’t expect loads of nearby offers
Update (12/17/18): Dosh has partnered with Chevron and Texaco, so now you can get 3% cashback for gasoline. You can also get 1% cash back from Exxon/Mobil. This also means that nearby offers are a lot more ubiquitous, as most people have an Exxon/Mobil gas station nearby.
The referral bonus is difficult to get It used to be that referring other people to Dosh was very profitable. But that was when users only had to download the app through your link and link their credit or debit card. Now, in order for you to receive the referral bonus, your referrals also have to complete a nearby offer. Since these offers are scarce, only a tiny percentage of your referrals will do so. In fact, I have many dozens of referrals, but ever since this policy change, I have not received a single referral bonus.
Update: you can once again get the referral bonus after your referrals link a card! They don’t have to complete a nearby offer in order to get the bonus. 🙂
Linking a credit/debit card
The fact that you have to link your card to Dosh is enough for a lot of people to refuse to use it. However, Dosh is clear that they don’t store your password, credit/debit card data, or bank account information on the app or on their servers. Dosh uses bank-level, encrypted security, and all transactions made using Dosh are encrypted.
However, if you’re still uncomfortable linking your card, there are plenty of other ways to make money online. Here’s my top recommendation.
Slow customer service
Because Dosh is growing like crazy, apparently they get a lot of support tickets, and it can be difficult for them to get back to you in a timely manner. Generally, you can expect a response within several business days.
Is Dosh a Scam? Final Thoughts….
With millions of downloads and a 4.5 star rating on the Google Play store, Dosh is definitely a legitimate and safe cash back app. Dosh is working hard to address any issues with the app and is improving all the time.
I downloaded Dosh, linked a card, and have cashed out numerous times and have had no trouble. It’s by far the best cash back app I know of, and the referral bonuses are crazy high!
I highly recommend this app – it’s a great way to earn a little extra income, just by living life like normal.
And if you download Dosh with my link below, you will get a free $5 bonus after linking a card!
Thanks for reading my Dosh review! Have you ever used Dosh? What do you think of it? Feel free to leave a comment below, and if you have any questions, I’d love to help out!