Some of the most diehard online shoppers are also the ones looking to get just the right deal as well. Honey vs Cashback Monitor, this method is more defined by the fact that there are numerous online shopping sites to choose from. The use of cashback software has to be seen in this light where the customer has to aim to get the lowest cost price for the goods purchased.
Honey vs Cashback Monitor
Both the Honey application as well as the Cashback Monitor program are to identify the least expensive of buying goods. It would be interesting to compare the two to ascertain which one would suit the purpose in each case.
With the proliferation of cashback programs in the market, it has become essential to carve out a niche customer base. This way, it is possible to differentiate between each of the offerings. Thus it brings the ones that are the most accepted in the marketplace.
What is the Honey cashback app?
The Honey system is very easy to use web browser plugin. It tracks and identifies the most suitable discount coupon codes to apply when shopping online. Moreover it basically works by comparing the different codes while the shopper is still shopping. Thus it is really quick to identify and use the most optimum codes possible.
It is possible to keep track of the price history of the product that a person is interested in. Thus it makes it possible to time the purchase to give the most savings. There are reward credits as well that the regular user can accumulate. It can be later exchanged for gift cards on some of the most popular shopping sites.
How does Honey work?
Honey works by enlisting participating merchants onto their system. It then keeps track of all the possible and latest discount coupon codes that the shopping merchants release from time to time. This app is particularly useful during the various festive seasons when an extra discount is offered to drum up sales.
Honey offers them a free promotion for the participating merchant sites, which would otherwise have cost them enormous sums of money. The extra discount offered is plowed back as additional sales that are generated over time. Of particular note must be the cashback and the Honey Gold programs that the platform runs for its customer.
- Cashback offers: These are direct discounts that are provided to customers while they are shopping at a site. They are applied when checking out the shopping cart after a shopping session. Sometimes it is a flat cashback offer, or at other times, it is a certain percentage of the cost price.
- Honey Gold: It is a loyalty program run by the Honey software to induce more people to keep using it. Each time a person gets to shop at a participating merchant site, he earns certain credits known as Honey Gold. When the points have been accumulated to a certain level, we can exchange for gift vouchers that are then used on some of the most popular shopping sites around.
What is Cashback Monitor?
With the Cashback Monitor program, the participating customer is credited with certain credits each time he does particular activities on the web. Mostly, the credits are accumulated on spends on credit cards and popular travel sites as well.
It is common for most common travel sites to offer cashback incentives to shoppers by travel miles. Then again, credit card companies offer loyalty credits for spending money through them as well. With a cashback monitor, it is possible to earn some extra miles over and above what is usually offered to the customer. The credits accumulated on the credit card spends are much higher too, in this case.
To the customer enrolled on the Cashback Monitor program, he is provided with the lowest quote for a holiday program after comparing the prices on over forty different travel portals. The lowest cost is arrived at by computing the cashback points that we can earn back to the customer
Advantages of Cashback Monitor
- Compares the cashback, travel miles earned, and credit card reward points at over 40 plus travel portals.
- Can combine or stack different offers and programs together to give the most discount to the customer.
- There are no charges for its use, and it is free.
- Can make a personalized purchase so that the most points and cashback is earned on a purchase.
Which saves the most money
Firstly, it has to be understood that Honey program and Cashback Monitor program are targeted at two separate customer groups. While the Honey app is aimed at the shopaholic, the Cashback Monitor app is aimed at the frequent traveler. Thus, we can say that these two software are designed with specific purposes in mind, and it is best these are not mixed.
Nevertheless, there are advantages to the Cashback Monitor users. In that, it stacks or combines the different discount programs that a customer might be using at a time. Thus, the savings could be higher when the combination is just right.
Honey vs Cashback Monitor – Your choice?
Few people would be aware of all the different types and kinds of cashback programs available for use on online shopping sites. It thus basically comes to choosing a particular model and sticking with it for the most benefits possible. With most discount shopping apps, there are reward points that are accumulated over time, and it takes some time on a program to get the full benefits.
Having a basic understanding of how simple cashback programs work is key to picking out the most optimum one for a person’s use. It is never possible to have the best one, and most of the time, it is a compromise between what promises to be a great way to save and convenience. Getting people to spend more lies at the heart of any cashback scheme, and it is always those that spend the most the stands to benefit the most.