Savvy online shoppers increasing seek out ways to save money and score better deals. The Honey App is intriguing but still a relatively new kid on the block. Thus the inevitable question, is the Honey app legit?
There are dozens of apps today that claim to save shoppers money, Some of them are very worthwhile, and I use them all the time. However, others are cumbersome to use and more trouble than they’re worth because they never save me much of anything.
With all the buzz about Honey, I had to join and check it out. One of the more appealing aspects for me is that Honey claims to save you time in addition to money. This factor caught my eye because it’s rare for anyone to whine about having too much time, right?
So, please stick with me my friends because today you’re going to get the full scoop on Honey.
What is the Honey App?
The Honey app is a free browser extension that is currently supported on Chrome, Safari, Firefox, Opera, and Edge. Once installed, Honey saves online shoppers the trouble of conducting searches for coupons or promo codes because the app will do it for you. The largest discount found is automatically applied when you checkout at more than 30,000 online stores.
According to Crunchbase, Honey is headquartered in Los Angeles, CA and has been around since October 2012. A significant influx of new investment capital in late 2017 appears to be spurring growth and expansion. The inspiration for this unique app is a compelling human interest story you can read about here.
Effortless savings. Hmmm….seems to be a no-brainer!
How Does the Honey App Work?
The icon is grayed out when you’re not on a participating site but lights up and turns a bright gold color if you navigate to a site with which Honey Partners. A number may also be displayed to indicate promo codes that Honey has found in its database for the site.
View the video below for an excellent overview of how this tool works:
Download and Install the Honey App
Downloading and installing the Honey browser extension is free and requires 2 clicks. All you need is an email address and a password to join and create an account. You can also sign up using either Google or Facebook. More than 10,000,000 people have already joined the community.
What is Honey Gold?
Honey Gold is a rewards program that you’re automatically eligible for when you add the Honey browser extension and create your account. Currently, there are roughly 4,000 participating merchants where you can earn rebates (Gold) on your purchase.
The amount of the rebate awarded is randomly generated and differs by site. When you land on a website that offers Gold, and you click the Honey icon, you’ll see a symbol positioned next to the vendor’s name. For example, Home Depot is a participating site and the recent rebate available was 1-5%.
Click the activate button to calculate a reward that is added to your account in the form of points where 1 point is the equivalent of $.01.
Within 2 weeks, or possibly a little sooner, points will appear in your account as “pending”. Typically, points will retain their pending status for 60 days when they will become available. After you’ve earned 1,000 points your reward may be redeemed for a $10 gift card to many popular vendors including Amazon, Walmart, Target, or eBay.
Honey Gold operates very much like other cash rebate sites such as TopCashback, Ebates, or Mr. Rebates. The randomized savings percentage is a bit different than other programs. To be honest, this is my least favorite aspect, and I would prefer knowing what the rebate will be in advance.
If you’re wondering how a free platform can afford to pay rebates, let me explain. Honey has affiliate marketing relationships with the vendors where Honey Gold is available, and vendor commissions are being shared. Gold is pending for 60 days because the merchants aren’t paying commissions to Honey until after product return periods expire.
Can I Use the Honey App on Amazon?
The ability to use Honey on Amazon was a game-changer for me because I shop on this retail giant all the time. Amazon does not offer Gold rebates, and they rarely have promo codes. But Honey customers located in the US can take advantage of three tools to improve their Amazon shopping experience.
It’s important to understand that many third-party vendors offer similar products through Amazon’s site and they don’t all charge the same price. You should also be aware that prices can fluctuate on those treasures you have your eye on. The following three tools can help you to get the best deal: best-price detection, price history, and droplist.
Let’s view some examples of how price detection works.
Here’s an example where Honey detects that a different vendor offers a better price:
If Honey checks and you’re already seeing the best price for a product, that fact is confirmed.
Click on the Honey icon to the left of “Best Deal,” and you will see all recent price changes. If you’re still debating a purchase or don’t need it right away, you can use the Droplist feature to be notified if the price of the product decreases. All three of these tools can contribute to a superior shopping experience.
Does Honey Offer a Mobile Version of the App?
There’s no mobile version available yet, but an iPhone app called the Honey Smart Shopping Assistant is due to be released on February 15, 2019. You can pre-order it on the App Store.
I’ve pre-ordered my mobile version. So, I’ll be sure to update this review once I’ve had an opportunity to check it out.
Can I Make Money With Honey?
Like many similar rewards programs or shopping tools, Honey has a referral program. Once you join the Honey community, you receive a unique referral link. Share your link on social media, or email the link to friends and family.
For each person who signs up for a free account through your link and makes a subsequent online purchase, you make $5. The cap on referral income is $1,000, so the potential is limited. Still, this represents an opportunity to make a little side income in addition to saving money on purchases.
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Why pay full price for online purchases when there are alternative solutions like Honey? I’m saving money with it regularly, so is the Honey App Legit? I have to give it a big thumbs up.
Savings will vary based on the amount of shopping you do online and the merchant websites you frequent. But since the installation of Honey is free, quick, and easy, why not give it a try?
Over to You
Have I satisfactorily answered your question, is the honey app legit? If you’re already a Honey user, please let us know how much you’ve saved. Or, if you still have questions I’ve failed to answer, feel free to jump into the comment section below. I respond to every comment.