Drop Officially Launches – Earning Rates Lower For New Members & A $5 Sign Up Bonus

The Offer

Card link loyalty program Drop has officially ended their Beta program and has now officially launched. This means that earning rates for new users have been lowered (existing customers are grandfathered in). New users can get a $5 bonus by following these steps.

1. Download the app Android link, iOS link
2. Enter invite code: doctorofcredit
3. Link a card; this is done by inputting your bank login, it’ll then link all cards in the login
4. Choose the five retailers where you want to earn points
5. You’ll see 5,000 points in your account which can be redeemed for a $5 Starbucks gift card or continue saving points to reach the $10 Amazon gift card redemption

The Fine Print

• New earning rates are as follows:
  • Walmart – 2 points per $1
  • Lyft – 10 points per $1
  • Seamless – 16 points per $1
  • HEB – 10 points per $1
  • Fred Meyers – 12 points per $1
  • Trader Joes – 12 points per $1
  • Peets – 8 points per $1
  • Blue Bottle – 8 points per $1
  • Macy’s – 8 points per $1
  • Dunkin Donuts – 14 points per $1
  • Target – 8 points per $1
  • Urban Outfitters – 15 points per $1
  • Bath Body Works – 15 points per $1
  • Whole Foods – 8 points per $1
  • Safeway – 8 points per $1
  • 7-Eleven – 16 points per $1
  • Walgreens – 8 points per $1
  • Starbucks – 12 points per $1
  • Uber – 10 points per $1
  • McDonalds – 8 points per $1
  • Chipotle – 12 points per $1
• Old rates can be found here
• $5 bonus valid until Oct 15th, 9PM EST Bonus extended until  Oct 22 @ 9 PM

Our Verdict

To make this extremely clear when Drop first launched they had a lot of problems, they added terms to exclude manufactured spending and then applied those terms retroactively. This meant people’s accounts were shut down or they lost points they previously earned. Since adding an earning cap things seem to have been running more smoothly. If you’re new to Drop I’d recommend reading some of the comments on our other Drop posts to get a feel for readers thoughts. Sad to see the earning rates have been lowered. Hopefully anybody that was interested signed up before this happened.