I just signed up for a FREE savings program called Offermatic. Simply put it is a way to earn more rewards for using your credit card or debit card. I think the easiest way to understand how it works is just by watching the 90-second video below…
http://www.youtube.com/watch?v=QHe3VNWrCAM
Offermatic Review
I signed up, it took about 3 minutes. I attached one debit card (which happened to be my cash-back debit card) so I am stretching my rewards even further using this. Come to think of it, you could even get more rewards by using Ebates (what is Ebates?) on top of that as well – dang! Saving money is becoming a lot easier these days!
Anyway, I like things like this to require little to no energy on my part, so Here is how I see a benefit…
- You get points for every item you purchase. So I don’t have to think about it, I just use my debit card and earn point that can be redeemed for gift cards (Amazon.com, Target, and a million others).
- They send me automatic rebates based on the places I shop. For example, we occasionally shop at Trader Joes, and Offermatic pulled this in for me…
Get a $5 automatic rebate on any purchase of $50 or more at Trader Joe’s!
Since you’ve recently made a purchase at Trader Joe’s, we thought you’d like this Offermatic special. All you have to do is make a purchase of $50 or more at any Trader Joe’s location before midnight on 10-27-2010 to get $5 credited directly back to your card. Simple as that. Your rebate will be applied to your card by Offermatic as a statement credit within 14 days of your qualified purchase at Trader Joe’s
Special Offer for ChristianPF Readers
I talked to the CEO a bit about Offermatic and he offered a deal for the ChristianPF readers. Anyone who signs up using this link will get a 5% rebate on gas purchases for the next 60 days (up to $200 in purchases).
So if someone spent $180 on gas purchases over 60 days, they would get a $9 automatic rebate directly on to their card. The rebate would be applied within 30 days after the initial 60 day period. (Sorry this offer has expired!)
Trying it out
Honestly since I just signed up, this isn’t as thorough of a review as I would have liked. My plan is to test it out for a couple months and then update this article with some info of how much I earned in rewards and automatic rebates.
(Also if you plan on using your PerkStreet debit card with it – the actual bank name that needs to be entered is “The Bancorp Bank”)
{ 17 comments… read them below or add one }
This looks interesting. I want to pull the trigger on it, but am worried about the security. Do you have any info on how secure it all is?
Mike, I don’t know that much about website security, but they use the same security methods that banks do for protecting account information.
I had the same thought when using mint a while back! Brilliant idea that allows companies to advertise to market segment of 1. I’ve often thought that mint will be more in the statistics and information business rather than financial management before too long.
When combined with my Amazon card I’m looking forward to some pretty good results. Thanks CPF!
Daniel
Looks good enough to me Bob. Thanks for the heads up and the link
Gas is definitely my main purchase. Doesn’t hurt to earn some extra moolah
I tried to enter perkstreet, bankcorp, or the url link and it does not come up when signing up, what did you enter?
Lori, it is actually spelled “Bancorp” – try that…
Thank you. I guess my eyes were seeing a “k” that was not there. ha!
Hi Mike,
I’m with Offermatic and just wanted to provide a link to how we keep your data secure: http://www.offermatic.com/safe-and-secure.html
As you can see, we take security quite seriously. Feel free to email us at support@offermatic.com if you have any more questions.
Thanks!
Faisal
Went through the process with our team. Despite of the frustation of adding on cards, which was the same frustation we suffered when starting a mint account. The security question set up is a nightmare. However since then we have been pleasantly surprised by Offermatic, the offers have been decent and seem to appropriate to the card that we added.
I’ve been with it for two months now and while I love the idea I’m not impressed with the results to date. I’ve only received a handful of initial offers from Fandango, Publix, and Trader Joes. I was really hoping for a bit more of a weekly deal e-mailed to me based on my shopping. Currently they are collecting data on me with very little benefit to me. I plan to give it a few more weeks but then will can it.
Where are my Home Depot coupons for all my shopping I’m doing at Lowes?!
Daniel – Have you redeemed your rebates yet? They are asking for my credit card # to redeem the rebates, which makes me a little wary.
Nope, haven’t gotten to the point where I redeem any rebates yet. Although you’ve given them your CC# previously so there is not harm. Besides if you receive any unauthorized charges you can always call your bank and have them removed. I purchased one of the offers through them (1/2 price movie tickets).
No problems getting the movie tickets or any unauthorized charges?
No problems at all and that was about 45 days ago. It’s very legit. Just wish I received more deals based on my many transactions.
Have you been able to redeem your points for a gift card yet? It doesn’t seem to be letting me..
Hi Joe, I’m with Offermatic.
please send me an email at support@offermatic.com so I can look into why you can’t seem to use your points for a gift card.
thank you
Has anyone else had issues with their transactions not updating? I registered my debit card last week and downloaded my transaction history but none of my purchases since then are showing up when I log into offermatic. Is there something I need to do in order to update my transactions?