I save up mine throughout the year, and then when it's time to renew my gym membership, I transfer the Ibotta money to my checking account and pay for most of my membership! This year it was $450.00
I save my earnings all year and use it for my cookie ingredients for my Christmas cookies for my family!!! Last year 250 dollars.
I had been withdrawing fairly quick after reached the $20 levels. Just spent it on general things. Now that I have a better job and more breathing room, I might save up some. Very interested in trying the Pay With Ibotta options. Will check that out sometime. Might save up for a new phone. 🙂
I always cash out at $20. I will usually cash out for Amazon or iTunes gift cards. But it really just depends on what I need it for at the time. I have cashed out to PayPal and transferred it to the bank, last year I cashed out for a Walmart gift card to buy my son a Nintendo DS for Christmas.