Watching YouTube and scrolling through Instagram, one would think that major companies give out money left and right and that there are hundreds of “free money hacks” that are just waiting for you to take advantage of.
However, we have to disappoint you. ALL of them are scams. That’s right, DON’T fall for it. Here are legit ways of getting free (or cheap) money on Cash App.
- Invite a Friend to Cash App
- Borrow Money on Cash App
- Cash Boosts
1. Invite a Friend to Cash App
Let’s start with the easiest one – inviting others to join Cash App. This way, you can get $5 for every friend that uses your code, links a debit card, and sends at least $5 within the first two weeks of signing up.
If your friend is a minor, they can activate the Cash Card rather than linking their debit card as they might not have one.
Here’s how to invite someone to Cash App:
- Tap the profile icon on the app’s home screen
- Tap on “Invite Friends”
- Tap “Allow” to allow Cash App to access your contacts (or invite a person by typing in their mobile phone number or email, and by tapping “Send Invite”)
- Lastly, tap “Get $” next to their name to invite them
As I already mentioned, you don’t even have to allow Contacts Access to invite people over. You can easily invite them by typing in their mobile phone number or even email and sending invites.
2. Borrow Money on Cash App
Did you know you can borrow up to $200 directly from the Cash App? However, there is a catch. They will only loan you money when you start receiving direct deposits. Once you begin receiving direct deposits from your employer or others, you unlock the loan.
The more you get deposited, the more money Cash App will loan you. When you deposit more than $1,000, you unlock the maximum amount of $200.
Here’s how to get money directly from the Cash App:
- Open the Cash App
- Tap on the Cash App Balance ($)
- Tap on “Borrow up to $200” (if available)
- Tap on “Continue”
- Lastly, request the Cash App loan
You also have to be aware that there’s a flat fee of 5% (60% APR) and that you have to return the borrowed money in four weeks or earlier. Just don’t make it a habit as it is expensive in the long run.
Cash App Friday is the app’s biggest marketing tactic that they didn’t even devise and it essentially fell into the company’s lap. Cash App Friday and the Super Cash App Friday are super-popular marketing campaigns that started out on Twitter and continued on Instagram as well.
We saw its start when normal, everyday people started asking people they don’t know, publicly, for money on Twitter by tweeting their $Cashtags or £Cashtags. Cash App’s parent company, Block, noticed this trend and started a give away every friday to attract more users on to its financial platform.
#CashAppFriday is ultimately a lottery with probably bad odds that you can participate in for free and try to get some free cash from the company itself.
You can very easily participate by posting your $Cashtag on Twitter or Instagram, when the company Twitter account announces it, and win $100, $200, $500, $10k or perhaps even some Bitcoin. That would be sweet, I have to admit.
However, if you’re going to tweet your $Cashtag publicly, for anyone to see it, you have to know that this isn’t so harmless as it might invite some unwanted attention.
In fact, it will definitely invite many scammers to try and take advantage of you and other social media users.
4. Cash Boosts
Getting cashback with Cash App is very easy. And that’s what Cash App Boosts essentially are. You can look at them as discount codes, coupons, or cashback that you can use with your Cash Card at many participating stores, restaurants, cafes, and others.
Anyone who’s into coupons is going to love this feature of getting some free money. It’s like having a book full of discount codes at your fingertips. There is a catch though. You can only have one Cash Boost active at any time.
That means that you’ll have to constantly swap them to use them at different establishments.
Most of the Boosts have a minimum purchase amount and a maximum discount amount. Playstation Network Boosts have a minimum of $1.50 and a maximum of $7.50, for example.
To start getting boosts and saving and earning money, go to the app and tap the card icon. After that, tap ‘Save With Boost’ and choose a Boost you’d like to take advantage of. The Boosts are constantly changing so keep a lookout for new offers.
How to Swap Boosts?
Because only one Boost can be active at a time, you can swap them as often as you can. To actually get the cashback or discount, make sure that the Boost you want to get is actually active before using your Cash Card.
When you select a Boost, it will automatically sync to the Cash Card tab and vice versa.
Do Boosts Expire?
Boosts can expire and are naturally replaced with new offers all the time to keep it engaging and get you to use them more often. Check the Boosts often to never miss an offer and to always be on top of expiration dates.
To see when a Boost will expire:
- Tap the ‘Cash Card’ tab on the home screen
- Tap on your active Boost or ‘Save with Boost’
Boost expiration dates stay the same no matter if you swapped them or didn’t use them yet. They also vary, which is why we recommend that you check them regularly.
Cash App Scams
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Cash App has more than 70 million users and that attracts too many scammers to Twitter, Facebook, YouTube, and Instagram to try and take advantage of regular people. They do this in many, more or less, creative ways.
The above mentioned Cash App Friday giveaway makes people share their $Cashtags that scammers are using to send people messages that they’ve won the giveaway but in order to pay it out, you, the “winner” have to send them a small amount of money to “verify” the account.
Scammers go as far as sending you a fake Cash App login link that leads to an incredibly good looking login page that mimics Cash App’s official website so they can steal your credentials.
And then there are also many, and I mean many, cash flipping scams that promise to “flip” small amounts of money into 10x bigger sums of money by “exploiting” a non-existing Cash App “hack” or by simply doing it in return for installing a few “harmless” apps.
How to Avoid Scams?
There are so many scams that I’m sure you got a DM from someone promising you something ludicrous. The reason why you have to be extremely careful is that the cash payments are instant and can’t be canceled and you won’t get ANY help from the company if you fall for a scam.
You must know that no Cash App representatives, including their customer support, will ask you for payments, log-in details, SSN, or bank account information.
Be sure to always double-check $Cashtag, phone number, or email for typos, before transferring money to someone. Make sure to send money only to verified accounts and to people you know.
Also, never share your $Cashtag with people you don’t know as scammers can use it against you. This also goes for your phone number.
A good rule to follow when dealing with people requesting that you send them payments over the Cash App is – if it’s too good to be true, it’s probably a scam.
It’s true that there’s no free lunch, at least not one that’s moral or legal. However, we showed you a few ways to get free or cheap money on Cash App that still work.
We also showed you what you need to look out for as not to get scammed. If something is too good to be true, it probably is.