Does Cleo Really Give You Money? Unpacking the Truth Behind the Popular Budgeting App

Are you skeptical about the possibility of getting money from a virtual assistant app like Cleo? Well, you’re not alone. Many people have been wondering if this app is really worth their time and trust. But with so many promises of financial assistance, does Cleo really give you money? That’s what we’re going to investigate.

First off, let’s give a brief overview of what Cleo is. Cleo is an AI-powered assistant that helps users manage their finances by providing insights and suggestions. It also claims to offer cashback rewards and even cash advances. However, the big question remains: can you really make money from using Cleo? In this article, we’ll take a closer look at the app’s features and evaluate its potential for generating income.

Join me as we delve into the world of Cleo and find out the truth about its money-making potential. Whether you’re someone who’s already using the app or just curious about it, this article will give you a better understanding of what Cleo really offers. So sit back, relax, and let’s explore this trendy financial tool together.

How Cleo Works

Cleo is a financial management app that utilizes artificial intelligence to help manage your finances. It connects to your bank accounts and credit cards, analyzes your spending patterns, and gives you personalized financial recommendations. But how exactly does it work?

  • Cleo connects securely to your bank accounts and credit cards to access your financial data.
  • It uses artificial intelligence to analyze your spending patterns and identify areas where you may be overspending or have opportunities to save money.
  • Based on this analysis, Cleo will provide personalized financial recommendations and insights to help you make better financial decisions.

One of the unique features of Cleo is its conversational interface. This means that you can interact with the app using natural language, just as you would with a human. For example, you can ask Cleo questions like “How much did I spend on groceries last month?” or “Can you help me create a budget for my upcoming vacation?” and it will provide you with the information or guidance you need.

Cleo also offers a variety of other useful features, such as:

  • Automated savings: Cleo can help you save money automatically by setting up regular transfers to a savings account.
  • Bill tracking: The app can help you keep track of your bills and remind you when they are due.
  • Overdraft protection: Cleo can help you avoid overdraft fees by alerting you when your account balance is running low.

Overall, Cleo is designed to help you take control of your finances and make smarter financial decisions. Its user-friendly interface and personalized recommendations make it a valuable tool for anyone looking to improve their financial situation.

Easy to useMay not be suitable for advanced financial management
Personalized recommendations based on spending habitsDoes not replace the need for a financial advisor
Conversational interface is intuitive and user-friendlyMay not work with all banks and credit cards

Overall, Cleo is a great tool for anyone looking to better manage their finances and gain a better understanding of their spending habits. Its personalized recommendations and user-friendly interface make it a valuable addition to any financial toolkit.

Cleo’s Cashback Feature

One of the most popular features of the Cleo app is its cashback feature, which allows users to earn money for spending money. This feature is designed to incentivize users to save money and make smarter financial decisions.

  • Users can earn up to 7% cashback on purchases made at select retailers.
  • Some retailers also offer exclusive discounts to Cleo users.
  • The cashback is automatically credited to the user’s Cleo Wallet and can be withdrawn at any time.

The cashback feature is not limited to online shopping only; users can also earn cashback on in-store purchases. To ensure that users never miss out on cashback opportunities, Cleo sends notifications whenever a cashback offer is available.

In addition to cashback, Cleo also offers users the opportunity to earn rewards for completing challenges and reaching financial goals. These rewards can range from cash bonuses to exclusive discounts and promotions.

How Cleo’s Cashback Feature Works:

The cashback feature on Cleo works by partnering with select retailers. Whenever a user makes a purchase at one of these retailers, Cleo earns a commission. Instead of keeping the commission for themselves, Cleo passes on a portion of the commission as cashback to the user.

Here’s an example:

RetailerCashback Percentage
Uber Eats2%

If a user were to spend £100 at ASOS through the Cleo app, they would receive a cashback of £5. The cashback percentage varies between retailers and can range from 1% to 7%.

Overall, Cleo’s cashback feature provides an excellent way for users to earn passive income while making everyday purchases. Combined with the app’s other financial tools, Cleo makes it easy for anyone to take control of their finances and achieve their goals.

Cleo Plus subscription

One of the features offered by Cleo, an AI-powered financial management app, is the Cleo Plus subscription. For a fee of $5.99 per month, users can access additional benefits that aim to help users save more money and manage their finances better.

  • Cashback rewards: Cleo Plus subscribers can earn cashback rewards for shopping with certain brands. The amount of cashback depends on the brand and can range from 3% to 10%.
  • Exclusive Cleo AI features: Cleo Plus members get access to exclusive Cleo AI features that are not available to non-subscribers. These features include insights about your spending habits and suggestions on how to save more money.
  • In-app games: Cleo Plus subscribers can play in-app games to earn bonus cashback rewards and increase their chances of winning prizes. The games are designed to be fun and engaging, while also helping users learn more about their finances.

These additional features are designed to help users get more value out of their Cleo subscription. Whether you want to earn more cashback, get personalized insights into your spending habits, or simply have fun learning about your finances, the Cleo Plus subscription is a great way to do it.

Here’s a breakdown of the Cleo Plus subscription benefits:

Cashback rewardsEarn cashback rewards for shopping with certain brands (3%-10%).
Exclusive Cleo AI featuresAccess to personalized insights and suggestions for saving more money.
In-app gamesPlay games to earn bonus cashback rewards and increase your chances of winning prizes.

If you’re looking to get the most out of your Cleo experience, consider upgrading to Cleo Plus. The subscription is affordable and offers a range of benefits that can help you save more money and take control of your finances.

Cleo’s Referral Program

One of the unique features of Cleo is its referral program, which allows users to earn some extra cash by referring friends and family to the platform. Here’s a closer look at how it works:

  • Each user has a unique referral link that they can share with their network.
  • When someone signs up for Cleo using the referral link, both the new user and the referrer receive a $5 bonus.
  • The referral bonus is credited to the user’s Cleo Wallet, which they can then withdraw to their bank account or spend using the Cleo debit card.

Overall, the referral program can be a great way to earn some extra cash while sharing the benefits of Cleo with your network. However, it’s important to note that the program does come with some limitations and restrictions:

  • Users can only refer a certain number of people per month, depending on their Cleo Tier status.
  • The referral bonus may take a few days to appear in the user’s account.
  • Cleo reserves the right to modify or cancel the referral program at any time.

Other Ways to Earn Money with Cleo

In addition to the referral program, there are a few other ways that users can earn money with Cleo:

  • Cleo Rewards: Users can earn cashback rewards for shopping at select retailers through the Cleo app.
  • Cleo AI: Cleo’s AI assistant can help users save money by automatically analyzing their spending habits and suggesting areas to cut back.
  • Cleo Jobs: In some cases, Cleo may offer users the opportunity to earn money by completing small tasks or surveys within the app.

Is Cleo Worth It?

Ultimately, whether or not Cleo is worth it will depend on your individual needs and preferences. Some users may find the app’s budgeting and savings features to be incredibly helpful, while others may prefer a more traditional approach to managing their finances.

Easy to use interfaceLimited customer support options
Helpful budgeting and savings toolsRequires access to user’s bank account
No monthly fees or minimum balance requirementsSome users may not be comfortable with Cleo’s AI assistant accessing their financial data

Ultimately, it’s up to each user to decide whether the benefits of using Cleo outweigh the potential drawbacks. However, if you’re looking for a budgeting app that combines technology and personalization, it may be worth giving Cleo a try.

User Reviews of Cleo’s Money-Making Capabilities

Since its launch in 2016, Cleo has become a popular choice for millions of users who want to manage their finances in a more efficient manner. One of the unique features of Cleo is its ability to give you cashback for engaging in certain activities and spending with partner brands. This capability has attracted a lot of attention from users, and here are some of the reviews from Cleo’s users:

  • “Cleo has helped me save for my dream vacation. The cashback feature is amazing, and the best thing is that it’s automatic. I don’t have to do anything extra, and I can see my savings grow.” – John, 29
  • “I was skeptical at first, but Cleo has definitely helped me save more money. I love the fact that I can get cashback for shopping with certain brands, and it has become a habit for me to check which brands are offering cashback before making any purchases.” – Sarah, 35
  • “Cleo’s cashback feature is a game-changer. I have managed to save a lot of money over the past few months just by using the app to manage my finances and taking advantage of the cashback offers.” – James, 26

The Pros and Cons of Cleo’s Money-Making Capabilities

While Cleo’s cashback feature has received praise from many users, there are also some pros and cons to consider:

Automatic cashbackPartner brands are limited
Easy to useCashback rates may vary
Helps you save moneyNot everyone may be eligible for cashback


Cleo’s money-making capabilities through its cashback feature have proven to be a popular feature among its users. While there may be limitations in terms of partner brands and eligibility, the automatic cashback and ease of use have made it an attractive option for those seeking to manage their finances more efficiently.

Overall, Cleo’s money-making capabilities offer a unique approach to saving money. It’s worth considering if you’re looking for an app that can help you save money while you’re doing your regular spending.

Alternatives to Cleo for earning money

While Cleo is a popular money management app that offers cashback rewards, there are several other alternative ways to earn money.

  • Task Rabbit: Task Rabbit is a platform that connects people with local freelancers. You can earn money by helping people out with a variety of tasks such as cleaning, handyman work, moving, and more.
  • Rover: Rover is a pet-sitting platform where you can earn money by caring for dogs, cats, or other pets. The app connects pet owners with local sitters who can offer boarding, walking, and more.
  • Freelancing platforms: Websites like Upwork and Fiverr allow you to earn money by offering your skills as a freelancer. Whether you’re a writer, graphic designer, or programmer, you can offer your services to clients all over the world.

If you’re looking for a way to earn more passive income, consider investing in stocks or starting your own online business. Building a blog or selling products through an online store are just a few of the ways you can leverage the power of the internet to earn money on your own terms.

Still, other options might include online surveys, focus groups, and even mystery shopping, which are all simple ways you can make a little extra cash from home. Whatever route you choose, be sure to take advantage of all the resources available to you and consider the long-term potential of each opportunity.

Cleo: Is it Worth It?

While there are plenty of alternative ways to earn money, Cleo remains a popular choice for many thanks to its user-friendly interface, automatic saving features, and cashback rewards. However, whether or not Cleo is worth it ultimately depends on your financial goals and lifestyle.

For those who are looking for a simple way to manage their money and occasionally earn rewards, Cleo can be a great option. However, if you’re someone who prefers a more hands-on approach to managing your finances and earning money, you might be better off exploring other options.

Whatever your preferences may be, be sure to do your research, compare your options, and consider your long-term goals before making any decisions. With the right tools and resources at your disposal, you can find ways to earn money and build the financial future you’ve always wanted.

Task RabbitFlexible schedule, variety of tasks available.Some tasks may require physical labor or specialized skills.
RoverCaring for pets can be a fun and rewarding experience.Pets may have specific needs or behaviors that require extra attention.
Freelance platformsFlexible work options, ability to choose your own clients.Competition can be high and pay rates can vary.

No matter which option you choose, creating multiple streams of income and finding ways to earn money outside of your day job can be a great way to achieve your financial goals, pay off debt, and build a more secure financial future for yourself and your family.

Cleo’s Impact on Personal Finance Management

Cleo is an AI-powered financial assistant that helps users manage their money. It’s an app that connects to your bank account and monitors your spending habits. Cleo is designed to provide you with real-time insights into your finances, including how much money you’re spending and on what. Here are some of the ways that Cleo can impact personal finance management:

  • Budgeting assistance: Cleo can help you set up a budget and stick to it. By analyzing your spending habits, Cleo can provide you with personalized insights and recommendations on how to save money and cut back on unnecessary expenses.
  • Automated savings: Cleo can automatically save money for you based on your spending patterns. For example, if you frequently make small purchases at a coffee shop, Cleo can round up those purchases to the nearest dollar and save the difference in a separate account.
  • Debt management: Cleo can help you pay off debt faster by providing you with strategies and tools. It can analyze your debt to income ratio, suggest ways to lower your interest rates, and help you create a debt repayment plan.

In addition to these features, Cleo also offers a number of other benefits for personal finance management:

Real-time alerts: Cleo can alert you when you’re close to overspending or when unusual activity appears on your account. This can help you avoid costly mistakes and take corrective action before it’s too late.

Financial education: Cleo provides users with valuable information and education on personal finance topics. The app includes a library of articles and guides on things like investing, budgeting, and saving money. This can help you build your financial literacy and make better decisions with your money.

If you’re looking for a tool to help you manage your money more effectively, Cleo is definitely worth considering. With its powerful insights and automated features, it can make a big impact on your personal finance management.

Free to useMust connect to your bank account
User-friendly interfaceDoesn’t support all banks
Provides valuable insights and recommendationsMay not be suitable for advanced users

While Cleo may not be perfect for everyone, it’s definitely worth checking out if you’re looking for a powerful and user-friendly personal finance management tool.

FAQs: Does Cleo Really Give You Money?

1. What is Cleo?

Cleo is an AI-powered financial management app that can help you manage your finances by analyzing your spending habits and providing you with personalized recommendations on how to save money.

2. Does Cleo really give you money?

Yes, Cleo can give you money through its Cash Boost feature. This feature allows you to earn cashback on your purchases, which will be credited back to your Cleo Wallet.

3. How do I qualify for cashback?

To qualify for cashback, all you have to do is link your debit or credit card to Cleo. Once you have linked your card, simply make purchases at participating retailers to earn cashback.

4. How do I withdraw cashback from Cleo?

You can withdraw your cashback from your Cleo Wallet at any time. Simply go to the Cash Boost tab in the app, select the retailer you made a purchase from, and choose to withdraw your cashback.

5. Is there a limit to how much cashback I can earn with Cleo?

Yes, there is a limit to how much cashback you can earn with Cleo. The amount of cashback you can earn varies depending on the retailer you make purchases from, but there is a cap on the total amount of cashback you can earn per month.

6. Is Cleo safe and secure?

Yes, Cleo is safe and secure. The app uses bank-level encryption to protect your personal and financial information, and it never stores your credit or debit card information on its servers.

Closing Thoughts

We hope that this article has provided you with some helpful information about Cleo and its Cash Boost feature. Remember, Cleo can give you money through cashback on your purchases, and it is a safe and secure way to manage your finances. Thank you for reading, and be sure to visit our website again for more helpful articles on personal finance.