Welcome to my Dosh app review.
Dosh is currently one of the most popular cash back apps, with millions of installs. I heard about Dosh back in 2017, and downloaded it in early 2018 to see what all the hype was about.
Since I’ve been using Dosh for quite a while now, I feel that I’m in a good position to give a thorough, honest review based on both my experience and what I have heard or read from others.
Dosh App Review
Dosh is available for both Android and iOS. Dosh is unlike most other cash back apps in that you don’t need to scan your receipts in order to earn cash back. Instead, you connect your credit/debit card and bank account to Dosh, and then cash back is automatically added to your Dosh account whenever you make a qualifying purchase.
Is Dosh Safe or a Scam?
Since you have to link a card and your bank account, it’s especially good to be concerned about privacy. Privacy has always been important, but it is becoming an increasingly mainstream issue now with frequent reports of various hacks and data leaks.
In the case of Dosh, there have been no security issues. They take security very seriously as evidenced on their homepage. Dosh cannot even store credit card information since all the data is securely tokenized and vaulted using Braintree, a PayPal service.
Dosh also uses services called Cash Flow Solutions, Inc. and Plaid to, according to Dosh’s Terms of Service, “gather users’ data from financial institutions.” These services are used in part for verification, and require users to submit their bank account login information to Dosh (Dosh does not store the information themselves).
The Dosh app is also secured with 256-bit SSL encryption, meaning the data it does store cannot be intercepted by hackers.
Additionally, Dosh has an A rating from the Better Business Bureau (BBB), and works with major companies such as Sam’s Club, Forever 21, and Pizza Hut.
There are risks involved with using anything online and with Dosh requiring sensitive financial information, it’s especially good to remain vigilant. For many, this may mean not using Dosh, but this does not mean Dosh is unsafe to use.
How Does Dosh Work?
Part of shopping for many people is looking for opportunities to save money on purchases by finding and using coupons, discount codes, and cash back apps.
The problem with these methods that deters most people is the work involved. The regular run-of-the-mill coupons and discount codes for 1-5% cash back can be too much of a hassle to even bother with. And most cash back apps require users to submit a picture of their receipt before they can receive any cash back.
This is where Dosh comes in.
Dosh is essentially a “set it and forget it” application. All you have to do is sign up, link a card, and then whenever you use that card you get cash back automatically applied to your Dosh account. No digging around for coupons, no scanning receipts, no hassle.
Once Dosh is installed on your phone and your first card is linked, you can browse all the offers available on the app. You can browse through specific categories, view a map or a list of all the in-store offers near you, or view a list of online offers.
In-store offers are from businesses that have partnered with Dosh. Next to each listing is the cash back percentage the business offers.
If you live in a less populated area, there may not be many nearby offers available. If you’re in a decent-sized city however, there should be plenty.
There is a decent selection of online offers available through Dosh, including offers from big names like Pizza Hut, Sephora, and Forever 21. For those who do a lot of online shopping, this would be a great way to cut down on some costs.
Once you’ve accrued at least $25 in your Dosh account, you can cash out your earnings.
How to Make Money with Dosh
Dosh is good for more than simply getting cash back from stores. There are other ways to earn money with Dosh, some of which can be very lucrative.
Link a card for a free $1
When you link your first card, you will immediately get $1 for free. If you regularly use more than one card, you may 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.
Refer your friends to Dosh
In the Dosh app, you’ll notice 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 someone clicks your unique referral link and downloads Dosh (or enters your referral code when they sign up), and links a card, you will get a referral bonus – in other words, free money.
The referral bonus is currently $5. Sometimes Dosh will run promotions and increase the referral bonus to $8, $10, or even $15.
The income potential for simply referring others to Dosh 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. Obviously, this scenario is not realistic for many people. But earning $5 for simply having a friend sign up using your code isn’t too bad (and it’s very easy).
In July 2019, Dosh introduced cash back on hotel bookings and along with that, another referral incentive: $25 in your account every time a referral of yours books a hotel.
Book hotels through the app
If you are planning a trip somewhere, you can use Dosh to save money on hotel stays. In the app, click the “Hotels” menu item. From there, you will see a list of popular hotels and the average cash back per night you can earn using Dosh.
Most show savings of $40-50/night, but some (the more expensive ones) offer over $200 back per night.
How Does Dosh Pay?
Once your Dosh balance reaches $25, you can cash out by Direct Deposit, PayPal, or Venmo. Usually the funds take several business days to transfer, but sometimes it only takes a few minutes.
There is one caveat though. 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 with referrals. There are a decent number of offers available on the app though, so this requirement shouldn’t be too prohibitive.
I took the below screenshots to show the process of cashing out, as well as to show payment proof.
Dosh App Complaints
Not getting cashback for online purchases
According to this article by Dosh, it takes about 30 days to receive cashback for online purchases. But some users reported that after making an online purchase, it did not even show up as “Pending” on the Activity page in the Dosh app.
Linking a credit/debit card
The fact that you have to link your card to Dosh is enough for many people to refuse to use it. However, Dosh makes it 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 cash back apps you can use, such as Ibotta and Rakuten – neither of which require users to link a card or bank account.
Limited amount of offers, especially in rural areas
Dosh used to work with gas stations and even Walmart, but that’s no longer the case (at least as of September 2019). Longtime users, including myself, have noticed the number of offers available in the app start to dwindle. There should still be plenty of offers available in densely populated areas though.
Some offers are no longer available
Sometimes certain merchants will stop working with Dosh. This can be frustrating as a user if you are accustomed to receiving cash back from a particular store.
Is Dosh a Scam? Final Thoughts….
Dosh has millions of downloads and a 4.5 star rating on the Google Play store. There have been no security issues with the app, despite the sensitive personal and financial information it requires. Dosh is working hard to address any issues with the app, as evidenced by their replies to every review.
I downloaded Dosh, linked a card (and at the time was not required to also link my bank account), and have cashed out numerous times and have had no trouble. It is one of the best and easiest cash back apps I have used.
Dosh provides a good way to earn a little extra income just by shopping like normal. I would recommend Dosh to most people, but for those who are more concerned about privacy, I would recommend using a less intrusive app such as Ibotta or Rakuten.
Thank you for reading my Dosh review. Have you ever used Dosh? If so, 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.