The Drop app is one of Canada’s few loyalty rewards apps that allow you to earn FREE gift cards on your day-to-day shopping. While most cash back apps require some ongoing maintenance on your part, for example, scanning purchase receipts, product barcodes, or keeping track of promo codes, using Drop is super easy!
Loyalty programs are changing everywhere. Do you remember having to cut and keep a stack of coupons for every time you go shopping? Well, no more! “Ain’t nobody got time for that!” Businesses who want to attract young people (Gen Z and Millennials) know that the key is to go digital as people in these age groups are technologically savvy and prefer that programs are available online, offer fast processing, and don’t require much of a hassle.
Drop Ratings Summary
Based on the app’s ease of use, rewards, redemption options, and customer support. Join Drop and start earning cash rewards plus 5,000 welcome points ($5).
Drop is a fintech company founded in Canada in 2016 by Derrick Fung. The Drop app was rolled out in the same year in Canada, and later expanded to the U.S. in 2018.
Derrick Fung is a serial entrepreneur who has been around in the fintech world for a while. The Drop app was created to simplify loyalty programs and rewards, and is aimed at tech-savvy shoppers who want as much as they can get for their money.
In 2016, Drop made the roster of Canada’s 20 most innovative technology companies, and in 2018, they secured $21 million in Series A funding led by New Enterprises Associates.
How The Drop App Works
Drop makes it easier for you to earn rewards when you shop. After opening an account and linking your bank cards, you start earning cash rewards immediately without needing to do anything else. The Drop app looks directly at your transaction history and rewards you automatically i.e. there is no need to scan receipts.
This is how to start earning points using Drop:
- Download the app using this link (special link gives you a bonus 5,000 Drop Points). You can also use the promo or invite code “SAVVY“. Drop is free to use and there are no fees!
- After signing up, you will need to link your debit and/or credit card account to the app. This is easy to do and all the main banks are supported.
- Choose 5 favourite retailers you want to earn from. It is important to choose retailers that you shop at frequently because this will determine how much you can earn. Also, you will not be able to edit your choices following selection.
- Some of the brands/retailers available to Canadian users of the app include: Walmart (2 points per $1), Tim Hortons (5 points per $1), Shell (3 points per $1), Shoppers Drugmart (3 points per $1), McDonalds (5 points per $1), Starbucks, Cineplex, and more.
Anytime you shop at your favourite store, your rewards add up.
Other Ways To Earn on Drop – Special Offers
1. Special Offers: There are always offers on the Drop app to earn additional points (outside of your 5 merchant choices). For example, as I write this, there is an offer to earn:
- Keurig: 150 points per $1
- Uber Eats: 12,500 points
- Sephora: 200 points per $1
- Indigo: 50 points per $1
- Adidas: 100 points per $1
- Ebay: 100 points per #1
- Under Armour: 10,000 points for a $40 spend
- Hotels.com: 40 points per $1
- CIBC AC Conversion Card: 50,000 points, and many other juicy offers.
2. Signup with Partners: Drop partners with other businesses to bring you even more points. Examples include:
- Rocketmiles: Earn up to 100,000 Drop points when you book a hotel with Rocketmiles.
- Carrot Rewards: Earn points for walking and living a healthier lifestyle.
3. Referring Friends: After joining Drop, you will be provided with a referral link you can use to invite friends and family. When a new user signs up using your unique links, they get 5,000 points and you earn 5,000 points as well. This is equivalent to $5 each!
In addition, there are bonus points available for following them on social media, linking a second card, accepting app notifications, and more.
Join Drop Today and Receive a $5 Bonus using this link! Enter the invite code “SAVYY” if requested.
How To Redeem Your Drop Points
When you shop at your favourite retailers, refer friends, etc., the Drop app automatically awards you some points. 1,000 Drop points are worth $1. After you have accumulated enough points, you can redeem them for various gift cards by simply clicking on the “Redeem” tab. Gift card options include Starbucks, Amazon, Gap, Chapters Indigo, iTunes, Swiss Chalet, Cineplex, Groupon, and more.
For example, you can redeem 10,000 points for a $10 Amazon or Starbucks gift card. Rewards are delivered within 3 business days.
Is The Drop App Safe?
As per the company, they use bank-level security to protect your information. They also “use Transport Layer Security (TLS) to ensure that your data is securely transmitted to Drop and is not susceptible to interception.” In addition, as per their website, the app does not check your account balance and only reads your transaction data.
In general, I always advise people to pick a strong password for any of their online accounts and to ensure their phone has a passcode setup as well.
Pros and Cons of Drop – Is the App Worth It?
One main attraction to Drop is the set-it-and-forget format. After linking your cards, you no longer need to do anything, other than to automatically pile up points. No need to upload receipts or scan barcodes. The cash rewards you get is like free money for purchasing what you would normally buy anyway.
Another upside to using the app is that you can combine rewards. For example, say you purchase an item from your favourite store (e.g. Walmart), Drop rewards you with points for your purchase. During the week you made the purchase at Walmart, there could also be cash back offers on Checkout 51 (Canada and U.S.), Caddle (Canada), Savingstar (U.S.), Mr. Rebates (U.S. and Canada) for the same item. You can go ahead and scan in your receipts on these apps and earn additional cash back.
In addition, you will still earn any cash back or point rewards offered by your credit card for any spending.
The only downside I see with the app is that they limit you to 5 main retailers you can earn from on a routine basis. Once selected, you cannot go back to edit the five merchants you have chosen. Although there are always special offers from other stores available on the app, you need to think carefully when selecting the main stores you want to earn from.
Some people have complained that rewards apps like Drop tempt people to spend more money in the hopes of earning rewards. Well, if you start spending money you don’t have all in the name of loyalty rewards, you are obviously missing the point.
Drop App Review
- Redemption Options
- Ease of Use
- Customer Support
The Drop app is one of Canada’s few loyalty rewards apps that allow you to earn FREE gift cards on your day-to-day shopping. You can download it here and enter the invite code “SAVVY” to get a $5 bonus!