Drop App Review

Drop App
Millennial Money icon Rating 9.3 / 10
Drop is a shopping app that allows you to earn points when you shop at some of your favorite stores by linking your debit or credit card to the app. When you earn enough points, you can trade them in for gift cards. To top it off, you can use Drop, in conjunction with other cash back tools, so you can earn twice on one purchase!
User Friendliness10.0/10
Reward Rate9.0/10
Customer Service9.0/10
Pros
  • Consistent Point Values
  • Can Use With Other Cashback Apps
  • Easy to Earn After Set Up
Cons
  • Gift Card Rewards Only
  • Can Only Choose a Few Brands

It’s amazing how much can change in a decade.

If you looked in your wallet ten years ago, you would probably see a lot of rewards cards. From your grocery store to the coffee shop around the corner, your rewards cards probably took up more space than your credit cards.

While physical rewards cards aren’t as common anymore, loyalty programs are just as popular now as they were back then.

These days, all our loyalty points are tracked electronically. When you combine that with a game-like shopping experience, you have a recipe for a successful shopping app.

The Drop app aims to build brand loyalty and helps you earn rewards along the way. So, is Drop really worth it? Let’s find out.

What is Drop?

drop appDrop is a shopping app that allows you to earn points when you shop at some of your favorite stores. When you earn enough points, you can trade them in for gift cards.

The number of points that you earn with each purchase depends on the merchant. For example:

  • Trader Joes: 12 points for every $1 spent
  • Walmart: 2 points for every $1 spent

In the end, all Drop points are equal in value (1,000 = $1 in gift card rewards.)

Drop likes to market itself as a money-saving app. In reality, it is a shopping app.

While you do earn rewards back on your purchases, Drop’s ultimate goal is to get you to spend. This can spell trouble for ‘rewards chasers’ who spend more to earn points.

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Drop App Features

The most notable feature about Drop app, and the one that gets so much airtime amongst personal finance bloggers, is that you can use it to double or even triple dip on your cashback rewards.

Drop can be used in addition to any cash back app, browser extensions, coupon scanners, or credit card rewards.

Because Drop links to your credit or debit card, it keeps track of your purchases at partner stores on the back end. That means that you can download it and forget about it until it’s time to redeem your rewards, of course.

Drop App Pricing

Drop is a completely free app to use. In terms of rewards, most users will earn about 1% – 2% back on their purchases. Every merchant sets the number of Drop points that you receive with each transaction. You may receive more points at one of your favorite stores than another.

Drop also sets an earning cap at 5,000 points per week. Anything earned beyond that won’t count.

Your points won’t show up in your account immediately, so don’t panic if you log in and don’t see them. Because Drop works by verifying your purchases through your bank, it will take a few days for the transaction to go through and be verified. Typically, it takes about two to three days for points to show up in your account.

You must accrue at least 5,000 points, or $5 in gift card rewards, before you can redeem for a gift card. You can redeem your gift cards at popular retailers like Amazon, Starbucks, Whole Foods, and more.

When it comes time to redeem your rewards, Drop will send them to you in the form of a virtual gift card. This means that you can receive your rewards more quickly and without the added stress of your gift card potentially getting lost in the mail.

Signing Up and Getting Started

Unlike most apps, Drop requires more than just an email and password to get started. Let’s go over how you get started on earning rewards through Drop.

Download Drop App

The first and most obvious step is to download the Drop app. The app is available through the App Store, Google Play, or the Drop website. If you choose to download through the website, Drop will send a download link to your phone.

Create Account and Link Bank Account

Once the app is downloaded, you will need to create your account. This part is simple and requires basic information. You will be prompted to link your bank account after your account is created.

Remember, Drop works by lining up purchases made at stores on the backend. They will reward you automatically when you make purchases at your favorite stores. If you are not comfortable providing your bank login, this may be an app to skip.

Select Favorite Stores

Now it’s time to select your favorite stores. When I began researching for this article, I noticed that all of the reviews noted that you can select five favorite stores to redeem rewards from. When I went to create my account, I was only able to select two stores. Only being able to earn cashback from five stores was one thing, but two is downright frustrating.

Regardless of the number of stores, you cannot change them once you select them. Make sure you put some thought into which stores you choose. I recommend picking a grocery store, a store where you get your basics, or anywhere else you shop frequently.

Once you’ve picked out your favorite stores, you are all set. Drop is ready to help you earn rewards in the background on your everyday purchases.

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Drop App Promotions

Like other shopping apps, Drop offers bonuses for spending a certain amount or for shopping at a certain store. They will alert you if you can earn extra points by shopping at one of your favorite stores. They will also give you a supercharge bonus if you make at least five purchases at one of your favorite locations.

Drop rewards you for referring friends to the app. If someone uses your referral link to create an account, you’ll both receive 1,000 points. Linking a second card or completing a certain number of purchases will also earn you extra points.

drop app refer a friendIf you make a purchase that promises a large point bonus, be warned that it will take some time to hit your account. This is because Drop wants to give you time to make a return.

After all, they aren’t going to reward you for making a purchase that you ultimately return. It will take time for a particularly hefty bonus to hit your account, but it will come.

Drop App Security

Linking a bank account to an app can be nerve-wracking. I get it, but you should know that Drop protects your information with impressive security features. They boast the same security features as top fintech apps, such as Acorn and Mint.

Drop uses Transport Layer Security, or TLS, to make sure that any information transmitted through Drop is secure and not susceptible to interception. Any personal or transactional information is secured with both software and hardware encryption.

Your bank information is also never stored on Drop’s servers, so you can feel good knowing that a hacker can’t simply download your information from a server.

Lastly, DigiCert, an industry leader in online security, certified Drop’s security through a rigorous verification process. It’s important to know the ways that Drop protects your information so that you can feel safe using the app.

drop app security

 

Customer Service and Support

When money is involved, people want help immediately. Unfortunately, customer service is not one of Drop’s strengths.

Many people have complained that emails about their accounts and technical inquiries often go without a response or are delayed. This can be frustrating if your points aren’t being posted or you haven’t received your rewards yet.

However, Drop is working diligently to fix any bugs on their site or problems with response time. They’re not perfect, but they’re getting better.

Pros and Cons of Drop App

As with any cashback app, there are things that make it great and things that make it not so great. Here are some of pros and cons of using Drop.

Pros

  • Consistent Point Values: Sometimes, the points system can be confusing. Points can be worth more or less depending on your reward, which means you’re never really sure how much cashback you’re actually getting. Luckily, the points you earn through Drop are consistent across the board. You’ll never have to worry about the value of the points you earn.
  • Can Use In Addition To Other Cashback Tools: This is the big one. If you already have cashback or rewards from another card or app, you can double dip them with Drop. This means that you’ll be earning even more cashback on your purchases.
  • Rewards For Stores That Usually Don’t Discount: Any Trader Joes lovers out there? You’ll notice that they are available for cashback through Drop. There are a few other stores that don’t offer much in the way of coupons or discounts, such as Safeway and Chipotle. Cashback on gas and groceries is never bad.

Cons

  • Can Lead to Overspending: This extends beyond Drop, but shopping apps are designed to get you to – surprise! – shop. If you’re susceptible to shopping gamification apps, this is probably one to skip. You don’t want to rack up credit card debt because you’re trying to rack up points.
  • Rewards Only Available in Gift Cards: Some cashback apps give you the option to receive your cashback through a check or PayPal payment. Unfortunately, your only option through Drop is to redeem your points through a gift card. This means you will not be able to invest or save the money you get back through Drop.
  • Can Only Choose a Few Brands: This is perhaps the most frustrating part about Drop. Only being able to earn cashback at a few select stores without the ability to change them is annoying. Many other apps don’t restrict where you can earn cashback.

Alternatives to Drop App

Because you can use Drop in addition to other shopping apps, these are some additional tools that you can use.

Rakuten

Rakuten is an app and browser extension that gives you anywhere from 1% – 40% cashback at thousands of retailers. Their partners include stores like Target, Amazon, Sephora, and more.

Their referral program is one of the best around. Each time someone you know signs up and makes a purchase, they get $10, and you get $25. This is a no-brainer way to create some extra cash for yourself.

Learn More: Rakuten Review

Get Started: Rakuten.com

Shopkick

If you’re an avid window shopper, Shopkick can help you earn some extra fun money. Shopkick is a unique referral app because you don’t need to spend any money to reap the rewards. By visiting partner stores and scanning certain items, you can earn points that you can redeem for gift cards. If you’re more of an online shopper, you can still earn points by visiting partner websites. Either way, this is a great tool to use when you’re running errands or out and about.

Learn More: Shopkick Review

Get Started: Shopkick.com

Wikibuy

In the era of online shopping, the name of the game is finding the best price for what you want. That’s what makes Wikibuy such a game-changer. Wikibuy is a browser extension that scans the internet for better prices across all retailers. It also applies any active discount codes that can apply to your purchase. The is a no-brainer way to save money.

Learn More: Wikibuy Review

Get Started: Wikibuy.com
Wikibuy compensates us when you sign up for Wikibuy using the links we provided.

So, Should You Earn With Drop?

Ideally, Drop should be a tool in your kit that you use to earn a little bit back on a purchase you make regularly. It should be a pleasant surprise, but not a driving reason for you to make purchases.

Shopping gamification is purposefully addictive. You should evaluate if you really need to make a purchase before you go chasing rewards points. If you’re the kind of person that can get carried away with spending trying to chase rewards, this probably isn’t the app for you.

Only receiving cashback on a few stores can be frustrating, but any cashback is good cashback.

Drop is legit, but you won’t get rich from it. Cashback or rewards are merely a way to earn a little bit back on purchases you already make. Whether it’s helping you beef up your Amazon balance or pay for your weekly latte, Drop is a passive way to earn some fun money.

Grant Sabatier

Grant Sabatier

Creator of Millennial Money and Author of Financial Freedom (Penguin Random House). Dubbed "The Millennial Millionaire" by CNBC, Grant went from $2.26 to over $1 million in 5 years, reaching financial independence at age 30. Grant has been featured in The New York Times, Wall Street Journal, BBC, NPR, Money Magazine and many others. He uses Personal Capital to manage his money in 10 minutes a month.
Grant Sabatier

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