Posted by William Charles on October 11, 2017
Deals

Published on October 11th, 2017 | by William Charles

38

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 linkiOS 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.



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Ferris
Ferris

I don’t think they will have to worry about the $5 cap on MS that much. You’d have to spend $2,500 a week at Walmart to even hit that.

banananon
banananon

which with MOs is very doable

Ryan Goldstein

I see in the app that I get 5,000 points for each referral. Does anyone know if the referral also gets 5,000 points? Or 1,000 points as usual?

Ernie
Ernie

I’ve been using drop for a bit, and have had the ups and downs with them, but at the very least they have always paid out my rewards, even if it required a little nudging.

If you are going to sign up, please use my code :0

[code removed, please don’t share your referrals]

Thanks 🙂

Sink
Sink
Thom
Thom

Please only leave referral links/codes in the threads that say it’s okay.

Erni
Erni

Oh sorry 🙁 I didn’t know it wasn’t ok to do that.

Ernie
Ernie

Is there anyway for me to delete my post? I never saw that thread about not posting referral links unless specifically asked. Really was an innocent mistake :-/

Peter
Peter

Nope you can email Will or Chuck though. Or use contact form on the site. Warning for referrals is above every comment box.

referral
referral

just cant believe anybody does it again

Ernie
Ernie

Yeah amigo…. it was an honest mistake, no need to go low brow with the insults. Unless you know, you’ve never made a mistake yourself ever. I apologized already. If you have nothing of value to add then don’t bother commenting.

Kaung
Kaung

I wish they would work out their bugs before launching to another market.

I have most of my purchases showing up, but a few just don’t register. No response from Drop after a few days.

It’s even worse for my wife, NONE of hers have shown up despite linking her CC several times, calling CC company to make sure they’re not blocking, and of course, no response from Drop after contacting them. Going to try their social media.

everywhere_dude
everywhere_dude

Do they still require you to provide your online banking credentials? The day they stop asking for that, I might consider using it, but otherwise, that’s a pass for me. Same reason I don’t use Mint.

IP
IP

That kind of worried me at first, but when I had them log into Chase it didn’t trigger the normal two-step security code request/email. So it’s not like they can really access my full account and make changes.

I do agree it would be better if they just used the card numbers though.

SHAY PELEG
SHAY PELEG

They can’t ,but If they ever get hacked..

IP
IP

If they get hacked then somebody else can attempt to login and lock the account?

If I give them the card numbers and they get hacked then somebody else has the card numbers?

Hacked is hacked regardless of what set of data you give up.

everywhere_dude
everywhere_dude

How do you conclude that they don’t have access to your chase data from the fact that the two-step auth system does not trigger?

Thomas
Thomas

Is it possible to link the Paypal 2% cashback Mastercard? I can find Synchrony Bank but none of my login info seems to work.

IP
IP

$5 bonus took about 1.5 days to show up. Refered my wife (I got 5,000 and she got 1,000) and that was instant. Service has been easy to use. Not sure yet if a starbucks reload will trigger points or not, but we will see.

P
P

I’ve used this several times, then went off it because I always have to contact them to manually credit my account. Just used it again and same problem. What’s the point of linking your cc account if they can’t properly do it without intervention.

PG
PG

They have never once tracked a single purchase of mine. Gave them another go based on the recent intel, but still nada. Not worth the hassle of contacting them in my book, so guess it’s time to unlink the one bank login I gave them.

Brian C
Brian C

Has anyone had experience being logged in to more than 1 account?

just getting my fiance signed up now, using different stores for offers. can we log in to our accoutns on both accounts?

Brian C
Brian C

just found out myself, received an error on her account. So no…you cannot do this 🙁

Blue
Blue

One thing I (sadly) learned is that Safeway does NOT trigger for Randalls.

Austin O
Austin O

Does anyone know if the $5/week cap is still in place? I just earned twice that in one day MSing my Freedom on VGCs at Walmart and to my surprise I got the points for it on Drop. Just redeemed them today.

Christian
Christian

I have read about past problems with Wealthsimple and point redemption, so here is my success story:

I just received my drop points for the Wealthsimple offer that I did last Thursday. Then, redeeming $90 in amazon gift cards was almost instant.

Gerhardt
Gerhardt

Not sure if this is just a glitch, but today logging in showed that my Target ongoing offer, that I had accepted a few months back during the beta, was gone. Emailed support asking where this went, but seems like another bad sign. Not sure if I will be able to repick another store, and way less sure that I will get the original rates offered during the beta.

sloebrake
sloebrake

It’s now November and I’ve been emailing them weekly for the past 4 weeks about a plastiq offer that I have been using and not getting points for.

Only got 1 form letter response which was (paraphrasing) – “We get a lot of emails *emoji*, enjoy our services *emoji*, drop in on savings *emoji emoji emoji*

They’ve come through on some deals, not on others. I’m putting it up here again for the people who think they got their act together.

CongestionCharge
CongestionCharge

Which redemption option do people prefer? Wish they had a cash out. Seems I’m forgoing a 5%+ discount by getting a giftcard from any of these retailers.

Chuck

Yeah, cash is king. I redeem for Amazon or occasionally Best Buy.

CongestionCharge
CongestionCharge

Thanks

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