The number of cash back sites and free money apps is on the rise. Everyone is talking about them and the money making opportunities they promise.
If this sounds like something you would be interested in getting into, I have the perfect product for you to get started with. If you already have experience with similar apps, it is still perfectly alright. This one will suit you perfectly, too.
What product am I talking about? Why, Drop App, of course! It is a new way to earn yourself cash back on your shopping trips and or online purchases by simply linking your credit or debit cards. As long as you have one of these, like everyone does, you already have all the tools you need to get started!
So what is the point of writing this review? Well, the answer to that question is simple. I have discovered this great app and I would like to share it with you. So if you would like to know what Drop app is, how it works, and the ins and outs of using it, this Drop app review has got you covered. So sit tight and enjoy the show!
WHAT IS THE DROP APP?
Drop is a customer loyalty program that allows its users to earn rewards through their linked credit or debit cards. If you have a number of these lying around in your home, you can actually use them to earn some cash rewards.
Drop was founded by Derrick Fung, Darren Fung, Cameron Dearsley, and Akhil Gupta in August 2015. It started out in the Canadian market before if spread over to the American market shortly after it was founded, that is in October 2017.
At its core, Drop is, a loyalty rewards platform that uses an intuitive, user-friendly smartphone app to link your cards to the service. This allows you to earn rewards in the form of points from chosen rewards partners.
WHY WAS DROP CREATED?
Drop was created for the younger generations, particularly the millennials and Gen Zs. This was after a careful study of the market trends and spending habits of this particular demographic.
It was found that the younger generation was spending more on the extras like Uber rides and gourmet coffee and that they were less likely to be brand-loyal when it comes to saving money.
Millennials value their customer experience with 74 percent of them opting to change their service providers if they had a bad experience. They are also likely to spend more money on good customer experiences.
Because of these reasons, Drop was born. It was created for the brand-disloyal millennials who still want to earn rewards. It is actually warranted because this group is willing to spend the money they have. The beauty of it is that it does not discriminate on the cards you may want to use. This way, it puts merchants under some considerable pressure to provide you and me and everyone else with the best offers.
IS DROP LEGIT?
Drop is an unconventional way to earn rewards and save your money. It is because of this reason that the platform has the potential to raise questions of its own legitimacy.
The fact of the matter is, with Drop, you may be able to earn hundreds of dollars within months. Does this sound too good to be true? Well, it shouldn’t. Drop is 100% legit. Just ask the millions already subscribed to the service and they will absolutely vouch for it.
Your credit card information is safe when you give it to Drop. They use a 256-bit encryption system to keep your information safe from prying eyes. And Drop never shares your information with their partners.
Although launched quite recently, Drop has managed to get average to excellent reviews on Trustpilot. It rates a whopping 64% excellent rating on the customer review site which I think is more than enough to get it a recommendation or two.
HOW DROP WORKS
Using Drop is quite easy you just have to follow a few simple steps and you will be one step closer to making it work for you.
1. Download the Drop app
The app is multi-platform, meaning you can use it on both Android and iOS devices. You can download the app from iTunes and Google Play. You can also go to the Drop website and enter your phone number. They will automatically send you a download link on your phone.
2. Sign up and link your card(s)
When you download the app you will have to create your profile by entering some basic information. You will then be prompted to link a debit or credit card.
This is how Drop works, it lines up purchases you make on your card with offers you subscribe to on the app. Because of this, you will not have to worry about logging in anywhere to get your rewards. Drop will do all the work for you, earning rewards while you go about your daily business.
3. Pick your favorite brands
Drop will only allow you to choose five of your favorite brands to work with, so choose wisely. Drop works with prominent brands like Sephora, Starbucks, Uber, Target and other stores that people spend a lot on.
You cannot go back on your choice of stores once you have selected them. When choosing brands to work with, choose the ones you will use the most during your daily shopping quests. Make sure you take your sweet time deciding, because your decision is final.
If You Want to, Pick a few Bonus Offers
You do not have to subscribe to these offers right away, so do not worry if you pass on them. Bonus offers will come in different shapes and sizes. It may be anything from a one-time opportunity to earn points in a lump sum for shopping at a particular seller’s or merchant’s store to sharing Drop’s referral link with your friends and family to sign up for the service.
Earning Points On Drop
It is easy. By registering yourself to the app, you already start to earn some points. Linking your card and choosing the five brands to work with will also earn you extra points. There are a lot more opportunities to earn points with the app. The creators go out of their way to give incentives after the sign up process to ensure loyalty and high retaining power.
After signing up, the rest is easy. The only thing you will have to do to earn points is to shop at the brands you picked at the beginning. Do not forget to use your linked card when doing your purchases. Points will be automatically added to your account after completing your shopping.
You can earn a one-time bonus lump sum of points or you can choose the points- per-dollar spent option. The one you go for will be totally up to you.
One thing to note here; points will not show up in your account at exactly the point you finish making a purchase. The points may show as pending for a short period so you will have to practice some patience.
Spending Your Points
To begin enjoying the rewards you have been given over time, you will have to reach a point threshold of at least 5000 points. After this, you can begin exchanging them for gift cards at any of the five chosen retailer shops.
The exchange rate for the points is set across the board. For 5,000 points, you will get a $5 gift card. Points are exchanged in multiples of 5,000. For instance, you can spend 30,000 points for a $30 Lululemon gift, which is quite something.
Thirty-dollar gift cards may sound incredibly awesome, but you can find even tastier deals that will get you a crazy amount of points for things you spend your money on every day.
One thing to remember, the goal of the app is not for you to spend more money. The main purpose of the app was for you to actually earn cash back on your spending. So do not go around spending a bunch of money to earn money back. That will simply be irresponsible spending and it doesn’t even make any sense.
So although the points system can be a little misleading, but the only thing you have to keep in mind is that you are earning cash back for purchases you would make otherwise. Do not spend all your money carelessly and you will thank yourself later.
In my honest opinion, with the Drop App, earning cash has just got a whole lot easier. All you have to do is link your card, go about your daily routine while the app does everything else for you.
With this app, gone are the days when you had to carry around a bunch of ugly loyalty cards in your already overstretched wallet or a keychain that could not take all that weight. Everything has gone electronic now, and it’s only going to get better from here. Also, another benefit is that you don’t need to scan any receipts!
HACKS TO EARN MORE ON DROP
1. Check the offers available on the app before spending on your chosen retailers. Since they have affiliate relationships with the retailers, you will be rewarded with extra points if you head to a retailer through the app first.
2. Split up your purchases. Since you get rewarded with the Supercharge bonus after five trips to the retailers, it is wise to make more trips to the retailers by dividing the purchases you make.
3. Refer your friends. By inviting your friends and family to join you will be making yourself eligible for a referral bonus, getting an extra $5 in points when they sign up.
4. Choose your merchants wisely. You only pick once!
PROS AND CONS OF THE APP
PROS
1. Unlike other money apps, you do not have to submit receipts or do anything else beyond making your purchases using your linked debit or credit card.
2. It is easy to use and therefore you can use it alongside other cashback apps like Ebates, Ibotta or Swagbucks. I also have the Dosh app on my phone doing the exact same thing!
3. The Drop app partners with many retailers leaving you with many choices on where to spend your money and earn some cash back rewards.
4. The app features great security features so you will not have to worry about your credit card data being lost.
CONS OF DROP
1. Once you have chosen the five retailers you want to work with, you cannot go back on your decision to change your options. You will, therefore, have to choose wisely while signing up for the service.
2. You are limited to earn rewards from only five retailers. You will not have the variety of cash back or reward options you might have wished for.
FINAL THOUGHTS
I honestly believe that this app truly is something special. The idea behind it is absolutely brilliant. It is unconventional and new, and that makes Drop something to be watched. And the fact that it is tailor made for the younger demographic is just another plus on its long list of pluses.
Drop eases the process of earning rewards from your favorite local retailers. However, you should keep in mind that these opportunities are a bit limited. This is because the app currently only allows you to only work with five retailers. Therefore, there is a lot of room for improvement on the company’s side.
When all is said and done, Drop is a great app that will go a long way in helping you save and making some of that cash back on your shopping. You should definitely try it out!
App: Drop
Legit or Scam: Legit
Score: 9.6/10
Cost: Free
Verdict: Highly Recommended
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To your success,
Mike Aha