Contents
The Offer
Privacy.com is one of many options to get virtual cards numbers for your online shopping which enhances security and helps save from being overcharged. Our review can be found here.
- Many people are getting an email offer from Privacy.com to get 5% back on three months worth of purchases during May, June, and July after spending $500 during this month of April.
Our Verdict
An interesting thing is that the language is to ‘boost your cashback by 5%’ which seems to imply that the 5% is in addition to the standard 1%, meaning 6% total, but I’m not convinced that’s really true.
They obviously have no idea what they’re getting themselves into when offering 5% back for all online purchases for 3 months. My guess is they’ll change the terms, add a limit, or just freeze up accounts after small amounts of spend. A reader notes that there is a limit of $1k/day and $2k/month (see General) on Privacy, so essentially this is 5% back on $6k for the ‘cost’ of spending $500 this month with little or no rewards. Pretty good deal.
Personally, I got a different offer from Privacy.com for 2% back for 12 months after spending $500 this month.
Hat tip to r/churning
i used privacy app before. linked to my bank acct. never knew they offer 1% back. reference?
That language could mean something even worse: the standard 1% increases by 5% to 1.05%.
😂
Weird, I got the 2% for 1 year email. Would’ve preferred this one!
Definitely not just handing over my bank account details to some unknown company. Thanks but no thanks. My CC already comes with this feature minus the invasion of privacy (the irony)
Unfortunately most cards don’t offer this feature themselves.
Does Citi AT&T more get 3x?
Anyone else get banned from Privacy.com besides me?
Hi *XXXXX*,
After careful consideration, we have decided to close your Privacy account because of unexpected, prohibited, or suspicious activity.
For security purposes, we have deactivated the account and future transactions with Privacy will no longer be permitted. Any new accounts you open will be closed.
Due to the proprietary nature of our business, we are unable to share additional information regarding this decision.
Sincerely,
Privacy.com Team
I think they have a $1,000 maximum spend/ month on every account anyways, don’t they?
Ah, I see there is a $1k/day and $2k/month. Thanks, let me add.
The spending limits are different for each account, probably depending on how seasoned they are.
Mine is $1000/day + $3000/month.
My SO’s is $500/week + $1500/month.
What’s an “SO”
“Significant Other”
It’s quite a common initialism in these forums 🙂