If you frequently shop online but aren’t using the Honey app, you may be missing out on an opportunity to save hundreds–maybe even thousands–of dollars.
Online marketplaces are becoming extremely competitive. Businesses are always offering sales and discounts to keep up with the competition. But you wouldn’t know–at least, not so easily– which companies are offering these steep discounts if you don’t use the Honey app.
The Honey app has been around since 2012, and it is excellent at saving tons of money for online shoppers. If you don’t know about it, consider this your introduction.
What Is Honey, The App?
The Honey app is a simple web browser app that is designed to save you lots of money whenever you shop online.
The app, which you can install in a matter of seconds, works with most web browsers.
The app immediately searches for coupons and lower prices on the web when you add an item to your cart.
The Honey app scours the internet to find discount codes, coupon codes, promotional codes, and lower prices from other sellers of the exact or similar item.
How Honey Works
The Honey app is primarily a money-saving tool. When you install the app on your web browser, it searches the web to find lower prices and coupon codes for the items in which you are interested.
In addition to finding lower prices, Honey also provides up to 10% cashback on eligible purchases.
Honey’s goal is to provide savings to its members, and it does this with a range of free innovative tools.
Savings Finder: Find Juicy Coupons From Over 40,000+ Stores
The Savings Finding tool is the tool for which Honey is most popular. The tool effortless, within a matter of seconds, finds coupons from over 40,000 of the most popular online shopping destinations including Amazon, Walmart, Target, Macy’s, Neiman Marcus, you name it.
The Honey app finds these coupons and gives you the option to apply them to your purchase at the moment of checkout.
With the Honey app, you will never have to wonder what sales or promotions are going on at your favorite online store. Honey will find those obscure promotions which may not necessarily be available to the everyday shopper.
Honey Gold: 5,500+ Stores, Up To 20% Cashback With Your Name On It
If you love earning cashback on your purchases, this tool is going to be your friend. Imagine using a coupon to save money on a purchase and then getting rewarded with cashback also.
So here’s how Honey Gold works. Whenever you make an eligible purchase using the Honey app, you will earn these gold points called Honey Gold.
The more purchases you make, the more gold points you will potentially earn.
You can then redeem your gold points for free gift cards from your favorite stores.
A company that saves you money and then gives you cashback might sound too good to be true. But here are two words to assuage your skepticism: customer loyalty.
The Honey Gold program is a loyalty program with over 5,500 of the biggest stores participating.
Honey wants you to keep coming back to use its tools because that’s how it makes money. I will tell you more about how Honey makes money later.
Let’s move to the next tool: price history.
Price History
Will it make you feel better to buy something for say $30 when you know that just six weeks ago, that same thing was selling for $87, or vice versa?
One way to know if you’re getting a great price is to know the item’s price history. How much was it before, and how much is it now? That’s what the Honey app price history tool does for you.
The Price History tool can track a product’s price history for up to 120 days ago. The tool works best on the Amazon website.
It is remarkable to see, using the Price History tool, how frequently prices change on the Amazon platform. For instance, you will see a product that costs $8.50, and a few hours later, that same product may cost $13.50.
The Honey app Price Tracker tool is vital because it can show you the fluctuation in an item’s price, helping you make an informed decision on whether to buy now or hold-off until there’s a price drop.
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DropList
DropList is a potent tool that keeps track of your favorite items’ price and then alerts you when the price drops to an amount you’re comfortable paying.
You can add several items to your DropList, and the Honey app will inform you as soon as the price for that each item drops.
The DropList tool works with thousands of stores, including BestBuy, Target, Walmart, Amazon, Home Depot, and the likes.
This tool is useful, especially when used in conjunction with the Price History tool.
The Price History tool shows you the various price points for an item over 120 days. You can then set DropList to notify you if the price drops to the lowest price it has been in the past, according to the Price History tool.
The Price History tool will help you set realistic price goals based on data.
Use the Honey icon on the website you’re visiting to add items to your DropList.
READ: Paribus Review: Get A Refund When Prices Drop
Amazon Best Price
The prices you see when you search for an item on Amazon may not always be the lowest. The Honey app can go deep into the Amazon website and find the lowest prices for you.
The app will analyze the prices, factor-in shipping, to bring you the lowest price.
The Honey app can be your personal secret ninja searching all over the internet for savings.
Here’s how Amazon Best Price works. The app compares various sellers and then finds the seller with the most reasonable overall price–shipping included–all within a matter of seconds.
With the Honey app, you don’t have to search for each listing to manually find the best deal; Honey does that for you.
Honey Mobile App
The Honey mobile app and the Honey extension are the same services to save you money.
The Honey extension works on your computer browser while the mobile app works on your phone. Everything the Honey extension does on your computer, the Honey mobile app does on your phone. All you have to do is sign into the app as you would on your computer, and start using it.
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How Does The Honey App Make Money
The Honey app earns a commission whenever a customer visits and purchase from one of its partnered stores. Remember, Honey is partnering with over 40,000 stores. Honey also has millions of members. Millions of people using the Honey app can potentially translate on tens or hundreds of millions of dollars in revenue for the Honey app.
Why Does The Honey App Give Members Cashback?
Honey earns commissions from its partnered stores, which it then shares with its members. The reason Honey does this is, I suspect, to ensure members’ loyalty to the platform.
The more people Honey gets to use the app, the more potential income it makes. Honey uses cashback to incentivize people to keep using the platform.
READ: 12 Best Cashback Apps For Saving Money
Pros And Cons Of Honey
As is the case with most technology products, some aspects of the products are outstanding, and others that might use some improvement. Here’s what we like about the Honey browser extension and app, and what we don’t like.
Pros
- The Honey browser extension is entirely free to use.
- Honey saves its members a lot of money.
- You can get free gift cards from Honey.
- Honey gives up to 10% cashback on purchases.
- Honey is easy to install, use, or delete.
- The Honey app also pays members to refer the app to their family and friends.
Cons
- The Honey app may collect data on your shopping and browsing habits.
Some Common Questions About The Honey App
Honey is a browser extension, and while some browser extension might pose a security risk, Honey appears to be completely safe.
However, it is worth noting that, according to a Verge article, late in 2019, Amazon issued a warning about the Honey extension being a security risk. The notification stated that Honey collects private information about customer shopping behavior and could read or change information on websites the shopper visited.
I have Honey installed on my browser, and I use it to shop on Amazon. There’s no longer a warning about the app. I believe everything is now copacetic.
According to the Honey website, Honey saves its user an average of $126 per year. These savings do not include money you can earn from cashback and referrals.
I would say yes, Honey is worth it. After all, it’s not like you have to work. All you have to do is install the app once, and Honey does the rest.
No, the Honey app does not expire. However, though Honey tries to provide up to date coupons, there are instances where a coupon may expire, or the retailer may reach its coupon quota for the period. In such a case, the coupon may not work.
I currently use the Honey app on my Amazon account. From what I see, there appears to be no problem at all. So my answer will be yes, Honey is safe to use on Amazon.
Yes, Honey is a legitimate app. You can save money as well as earn cashback when you use the Honey app to do your online shopping.
Refer And Earn With Honey
Another way to earn money with the Honey app is to refer your friends and family. If they sign up for the app, Honey pays you a commission of 500 gold points for each person you refer to the service. You can then cash out your gold points for gift cards from your favorite stores.
Browsers Supported By The Honey App
For now, the Honey app supports the Google Chrome browser, safari browser, firefox browser, Microsoft Edge browser, and the Opera browser. The company might add new browsers in the future. But for now, those five browsers are the ones supported.
How To Sign Up With Honey
Signing up for Honey is very easy. All you have to do is add the extension to your browser (See the preceding section to know the browsers Honey supports).
Once you add the extension to your browser, you will be prompted to sign up using your e-mail address, Google account, Apple account, Facebook account, or Paypal account.
It is crucial always to sign in when you’re using the app because that’s the only way the app can track your commissions and cashbacks.
Is Honey A Spyware?
No, Honey is not spyware. It is a coupon hunting company that scours the web to find the best deals for its members. But as with most internet companies, it is entirely reasonable to assume that Honey collects data on your shopping habits.
If you are concerned about privacy issues, you should read the Honey privacy agreement to see if you agree with everything in it. If something in it gives you cause for concern, you can always opt-out of the platform and try its competitors.
Good Alternatives To Honey
There are a few apps online that provide tools similar to that of Honey. However, the ones worth mentioning are Wikibuy, Swagbucks, and Rakuten.
Swagbucks and Rakuten are primarily cashback apps. They do not provide coupons as Honey does.
You can sign up for Swagbucks and Rakuten and get a $10 sign-up bonus.
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Bottom Line – Honey Browser Extension
The Honey browser extension and app are useful tools for anyone who wants to get the most value for their money. The app’s innovative technology searches the web to find discount coupons from over 40,000 online stores.
Although there are some privacy issues with using Honey, as is the case with almost all apps on your phone and computer, the benefits, in my opinion, the tradeoff is apropos.
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