Published on November 14th, 2019 | by Chuck190
Drop App: Earn Rebates at Top Merchants by Linking your Credit Card (1% Uber/Lyft, 0.2% Walmart & Many More)
Update 11/28/19: They’ve lowered the card-link rates for grandfathered cards for Amazon, Walmart, Target down to .5% (instead of 2% or 1%).
Update 11/14/19: Kroger is now an option at 1%.
Update 11/14/19: They now only allow you to cash out for the lower dollar gift cards (e.g. Amazon $20 gc, Starbucks $5 gc, etc) if you have used their portal shopping option in the past 12 months. Those who only use this for the card link offers will need to accumulate $30 worth before being able to cash out, and even then won’t be able to cash out for Amazon and the like. I cashed out for $50 Nordstrom gc, there are a bunch of options at the $30 level like Nike and Groupon. You can also make a tiny $1 purchase through the portal to unlock the smaller gift card redemption option, e.g. a $1 Groupon. (ht Travelwithgrant)
Update 10/16/18: Drop has
temporarily increased their referral offer to 5,000 points ($5) for the referrer and 5,000 for the new member. Standard offer is 1,000 for each. Our referral code is: doctorofcredit.
Drop App Review
The Drop app offers points on shopping purchases at top retailers like Amazon, Walmart, Target, various grocery stores and restaurants, and more. Simply link your credit or debit card in the app, and you’ll earn up to 2% back in the form of gift cards. Gift cards are not as good as cash back, but close!
You have to link your credit and debit cards to the app so they can see where you spent money. Then you’ll earn Drop points at select retailers.
Points can only be earned at the five specific retailers you choose from the list (full list below). After initially choosing five stores, it’s not possible to change your selection. Choose carefully.
There is a limit of 5,000 points ($5) which can be earned weekly, it resets each Sunday. Additionally, business purchases and manufactured spend purchases are excluded in the terms.
How to Join
Some of us signed up during Drop’s beta rollout. Drop now launched publicly and and you can signup without a referral. At times there is a special bonus for signing up with a referral link.
Our referral code is: doctorofcredit. The referrer gets a 1,000 bonus ($1) and you also get started off with 1,000 points ($1) for joining (sometimes you’ll get $5 for joining, depending on the promotion).
- Download the app Android link, iOS link
- Enter an invite code (ours is: doctorofcredit)
- Link a card; this is done by inputting your bank login, it’ll then link all cards in the login
- Choose the five retailers where you want to earn points
Now, any purchases made with a linked card at your selected retailers will earn points.
How Much are Points Worth?
Each point is worth 1/10 of a penny. For example, 1,000 points is worth $1.
When Drop says you’ll earn 20x per dollar on Amazon, that’s not 20% back, rather 2% back. And when you get a 1,000 point signup bonus, it’s not $10, rather $1.
The easiest way to think about the points is always divide by ten and you’ll get the value in pennies. 2000 points divided by ten is 200 pennies, or $2 earned.
List of Earning Options
The most exciting part of the program is the ongoing earn offers. You can earn up to 20x back per dollar, worth 2% back on your everyday purchases. And this is on top of any other rewards program you are part of, like your credit card rewards or a store rewards program.
Here is a full list of ongoing earn rates:
- Walmart – 2 points per $1 (.2%)
- Lyft – 10 points per $1 (1%)
- Seamless – 16 points per $1 (1.6%)
- HEB – 10 points per $1 (1%)
- Fred Meyers – 12 points per $1 (1.2%)
- Trader Joe’s – 12 points per $1 (1.2%)
- Peets – 8 points per $1 (.8%)
- Blue Bottle – 8 points per $1 (.8%)
- Macy’s – 8 points per $1 (.8%)
- Dunkin Donuts – 14 points per $1 (1.4%)
- Target – 8 points per $1 (.8%)
- Urban Outfitters – 15 points per $1 (1.5%)
- Bath Body Works – 15 points per $1 (1.5%)
- Whole Foods – 8 points per $1 (.8%)
- Safeway – 8 points per $1 (.8%)
- 7-Eleven – 16 points per $1 (1.6%)
- Walgreens – 8 points per $1 (.8%)
- Starbucks – 12 points per $1 (1.2%)
- Uber – 10 points per $1 (1%)
- McDonalds – 8 points per $1 (.8%)
- Chipotle – 12 points per $1 (1.2%)
- Sephora –
- Kroger – 10 points per $1 (1%)
Here is the list that was offered in Beta. Note, if you signed up during beta you should have these rates grandfathered forever (a few rates went down in November 2019, updated below):
- Amazon.com –
20 points per $1 (2%)5 points per $1 (.5%)
- Walgreens – 10 points per $1 (1%)
- Walmart –
10 points per $1 (1%)5 points per $1 (.5%)
- Target –
10 points per $1 (1%)5 points per $1 (.5%)
- Whole Foods Market – 10 points per $1 (1%)
- Trader Joe’s – 15 points per $1 (1.5%)
- Safeway – 11 points per $1 (1.1%)
- HEB – 20 points per $1 (2%)
- Fred Meyer – 20 points per $1 (2%)
- Uber – 15 points per $1 (1.5%)
- Starbucks – 15 points per $1 (1.5%)
- McDonald’s – 10 points per $1 (1%)
- Dunkin’ Donuts – 17 points per $1 (1.7%)
- Chipotle – 15 points per $1 (1.5%)
- 7-Eleven – 19 points per $1 (1.9%)
- Shell – 3 points per $1 (.3%)
- Bath & Body Works – 18 points per $1 (1.8%)
- Urban Outfitters
- Macy’s – 1o points per $1 (1%)
- H&M – 5 points per $1 (.5%)
- Seamless – 20 points per $1 (2%)
- Blue Bottle Coffee
- Peet’s Coffee & Tea
You’ll see the points within 5 days from when you make the purchase.
Aside from the ongoing offers, you’ll also find some one-time offers. For example, currently they are running an offer to get 2,000 points ($2) on your next $20 Amazon purchase. We’ve seen offers like $75 for signing up with Wealthfront, $7.50 at Naturebox, and $20 back at Boxed.
Other Ways to Earn
Aside from offers, you can also earn points when you do qualifying activities such as adding your first card/bank, adding your second card/bank, and other app-related activities.
The only big offers are:
- Get 1,000 points ($1) just for joining and 100 points (10 cents) for adding your first card/bank
- 2,000 ($2) points for adding your second card/bank
- 1,000 ($1) points for each friend you refer
- 5,000 ($5) bonus after referring five friends
See all offers in the Discover tab > Unlock Bonuses. There are a bunch of smaller offers for linking social media and checking out their Twitter account, etc.
Note, you have to click on the tab to earn these bonuses. After linking a card/bank, click to get 100 points. After linking a second bank click to get 2,000 points. After referring five friends, click on the offer to get 5,000 points. The 1,000 point referral bonus should come automatically after your friend signs up without having to click anything.
(Please don’t leave any referral codes in the comments so that the discussion can revolve around the app itself. It’s just $1 per referral, and we’re not going to bother setting up a page for these referrals.)
List of Redemption Options
Update 11/14/19: They now only allow you to cash out for the lower dollar gift cards (e.g. Amazon $20 gc, Starbucks $5 gc, etc) if you have used their portal shopping option in the past 12 months. Those who only use this for the card link offers will need to accumulate $30 worth before being able to cash out, and even then won’t be able to cash out for Amazon and the like. I cashed out for $50 Nordstrom gc, there are a bunch of options at the $30 level like Nike and Groupon. You can also make a tiny $1 purchase through the portal to unlock the smaller gift card redemption option, e.g. a $1 Groupon.
Points can be redeemed for gift cards. Here is the list of redemption options:
- $5 Starbucks – 5,000 Points
- $5 Aerie – 5,000 Points
- $10 Amazon.com – 10,000 Points
- $10 Old Navy – 10,000 Points
- $10 Dunkin’ Donuts – 10,000 Points
- $10 iTunes – 10,000 Points
- $10 American Eagle Outfitters – 10,000 Points
- $10 Gap – 10,000 Points
- $10 Nordstrom – 10,000 Points
- $15 Groupon – 15,000 Points
- $15 AMC – 15,000 Points
- $15 Banana Republic – 15,000 Points
- $20 Whole Foods Market – 20,000 Points
- $25 Barnes & Noble – 25,000 Points
- $25 Applebee’s – 25,000 Points
- $25 Lyft – 25,000 Points
- $25 Apple – 25,000 Points (Beware: this if for apple.ca)
- $25 JCPenney – 25,000 Points
- $50 Hotels.com – 50,000 Points
- $50 Best Buy – 50,000 Points
- $100 American Airlines – 100,000 Points
Most people should find one of these to be useful and pretty close to it’s value in cash. I’ll be redeeming my points for Amazon gift cards. (Note, if you have enough for $20, it’ll show you an option to redeem for $20 Amazon gift card. In practice, it’ll come as two separate $10 Amazon gift cards.)
In terms of linking your bank logins to the app Drop uses plaid. This is the same back end provider that Mint, Acorns, Robin and others use. You can read more about their security set up here.
We’ve written a Complete List of Card-Linked Reward Programs, but this one tops them all in it’s current form.
To be able to get 2% back on all Amazon purchases, for example, is excellent since it stacks with all other deals you can do like use a credit card that earns a high earning rate and go through the JetBlue shopping portal. It’s simply an additional 2% back on your purchases.
The other deals are likewise excellent since they are at merchants we use everyday like Walmart and Target, grocery stores like Whole Foods, Safeway, and Trader Joe’s, eateries like Starbucks, Dunkin, Chipotle, and McDonald’s, as well as ride sharing apps Uber and Lyft. Let’s hope the app continues to offer great deals.
The beauty of card-link programs is they don’t interfere with any other reward programs. And Drop even works on debit cards. It might be possible, for example, to link your Target debit card.
The only downside is that you won’t be able to use a gift card to pay if you want to take advantage of Drop since the app only tracks what you bought with a credit card. As an example, if you like to buy Amazon gift cards on Gyft, PPDG, or Swych to earn 5x with INK on all your Amazon purchases, you won’t be able to get any extra Drop rewards on your purchases.
One thing to be aware of is that you are, of course, giving away your data by using the app, and we’re also forced to rely on their security systems when giving in our bank password.
Hat tip to Maximizingmoney for discovering this app
Follow up posts:
- Lots of people have been experiencing issues with Drop. Read more about those here.
- They added terms that restrict gift cards, repeat transactions & business purchases.
- Drop Adds New Weekly Limit for Ongoing Earn [$5/week]