Welcome to this review of SavingStar, an online platform that can help you make savings on your grocery bills.
I will be taking a look today at how this platform works, and what is good, and maybe not so good about it.
Introduction to SavingStar
SavingStar is a website that offers you a chance to earn cash rebates on your grocery expenses.
Unlike other cashback shopping platforms, SavingStar focuses on offering cash rebates on in-store purchases only. Online purchases do not qualify for cashbacks.
This shopping platform has been around since April 2011. The company has grown in leaps and bounds throughout the years and now enjoys a massive membership base of over 7 million customers, with 60,000 participating stores and counting, the prospects of SavingStar look great.
How does SavingStar work?
The SavingStar platform is available in two different versions, including the mobile app and the PC web version. Both versions work in a similar manner, but most users prefer the mobile app version since it is convenient and easy to use while on the go.
The registration process takes a few seconds, as it only requires your email address and password. Alternatively, you may sign up using your Facebook account.
SavingStar works in collaboration with over 60,000 retail and grocery stores to offer you great saving offers. You need to select your favorite stores and then link your stores’ loyalty cards to SavingStar to take advantage of these amazing offers.
Do not worry if your store does not have a loyalty card, as SavingStar accepts the use of receipts as well. All you have to do is scan your receipts and submit them for processing
Not all purchases are eligible for cashback however. To be eligible for rebates, you have to activate an offer on SavingStar before making a purchase.
The offer will indicate all requirements that you must satisfy to qualify for cashback. You may be required to buy more than one product in one trip, while some offers require you to make multiple shopping trips to qualify cashbacks.
Whenever you make a purchase in a participating store, you will automatically earn cashback to your SavingStar account during checkout.
However, the crediting of accounts is not instant, as it depends on how fast your store submits purchase data for processing. The duration ranges from 2 days to 14 days.
How and when does SavingStar pay?
The minimum withdrawal requirement is $5, and you can submit a payout request as long as your account satisfies this requirement. Considering the fact that total savings ranges from $4 to $11 per purchase means that hitting the minimum payout requirement will not be difficult.
SavingStar offers multiple payment options. These include:
• Bank Deposits
• Electronic gift cards (Starbucks, iTunes or AMC Theatres)
• Donations to American Forests
All cash payments take a maximum of 48 hours after submitting a withdrawal request. Gift card payments are instant and are sent to your email address.
What Are The Pros?
• Free to join
It is free to join to this platform. The company does not charge on your credit card,and neither will you be asked for your credit card information.
• Variety of participating stores
SavingStar features more than 100 retailers with over 60, 000 participating stores. You can rest assured that you will find one or a couple of your favorite stores among the participants.
• Frequent new offers
Typically, SavingStar has new offers every Thursday and Sunday. You may also encounter a healthy offer of the week, which is usually available on Tuesdays.
So, if you are a frequent shopper, you can be sure to find a new offer available at least once a month.
• Available in web and mobile app versions
The SavingStar platform comes in both web and mobile app versions. For app users, you have to download and install the app on your phone to benefit from this platform.
The app is available for Android and iOS devices.
• Easy to use platform
SavingStar is easy to use since all transactions and payments are automatic. All you have to do is link your loyalty card to the SavingStar platform, and you are ready to go.
If your store does not support loyalty cards, you can snap up your receipts and submit to SavingStar and earn your cashback after 2-14 days.
• Prompt payments
Withdrawing money from your SavingStar account is a walk in the park. Cash payments take a maximum of 48 hours while gift card rewards are instant.
Furthermore, SavingStar offers multiple payment options, and this makes it easy for you to choose your preferred method of payment.
• It has a low minimum payout threshold
The minimum withdrawal requirement is only $5. This is a reasonable amount considering that most offers range from $4 to $11 per offer.
What Are The Cons?
• You must remain active to avoid charges
You must remain active at least once in 180 days to avoid a charge of $3.99 on your SavingStar savings account. However, remaining active is easy. All you have to do is activate an offer, request payment or redeem an offer at least once within a period of 180 days.
• Long approval times
It takes time to receive cashbacks into your account. This is because following up on in-store transactions takes time and some stores may take longer to deliver purchase data to SavingStar.
Considering all these factors, your savings may take up to 14 days to be credited to your account.
• You must have a Smartphone to use the app
You must invest in a compatible smartphone or tablet to be able to use the SavingStar app.
• Does not offer rebates on online purchases
Online grocery purchases are not eligible for cashback. This is because SavingStar focuses on in-store purchases only. You must also link your loyalty card to SavingStar as the company only accepts receipts from certain stores
Some Final Thoughts
SavingStar offers you a unique opportunity to save on your in -store grocery purchases. However, you have to go online and select an offer before making a purchase to be eligible for cash rebates.
Joining SavingStar will only help you save on your expenses rather than earn a passive income. However if you are an avid shopper, then joining a platform like SavingStar is a worthwhile venture.