Honey Review: It’s Good, but Better Alternatives Exist
Saving money on honey review good but does not have to be complicated. We rounded up the essentials so you can spend less and skip the guesswork.
Key Takeaways
- Share Some links on our website are sponsored, and we may earn money when you make a purchase or sign-up after clicking.
- Learn more about how we make money and read our review methodology.
- There are many shopping apps and browser extensions that claim to save you money on your online purchases.
There are numerous shopping apps and browser extensions that claim to save you money on your online purchases. Is the popular Honey browser extension any different? And is it worth downloading and trying?
I’ll answer those two questions in this in-depth Honey review, which covers:
- What I like most about the Honey browser extension (and what I hated).
- How to use Honey to save money when shopping online.
- When you should use a different browser extension, like Capital One Shopping.
- What kind of person will benefit from Honey the most.
- Fast payout of cash-back earned, including instant PayPal deposits.
- Features a multi-site product search engine that can help you find the lowest cost.
- Allows you to create and customize cost-drop notifications.
- Limited cash-back earning opportunities compared to other platforms.
- Coupon code database is not always up-to-date and lacks features offered by other services.
Table of Contents
ToggleWhat Is Honey?
Honey is a free service that lets you you save money when shopping online. In order to use the service, you are required to install the browser extension (or use the Honey mobile app).
Unlike some other platforms, you cannot access coupons or earn cash-back by going through the Honey website , although the website is useful in some cases, as we’ll discuss in the next section.
Normally, if you’re serious about finding the best cost on an item, you have to do a decent amount of work; you need to track the prices of products, hunt down coupons and promo codes, compare prices on multiple websites, and see if you can get any cash-back on your purchases.
All these steps take time and effort , and it’s still not always clear whether you’re getting the best possible deal. Honey aims to simplify and speed up this process, using algorithms and databases to automatically help you find the lowest prices and best promo codes available.
Note that Honey is owned by PayPal, but you don’t have to be a PayPal user to access the service.
Honey’s Top Five Money-Saving Features
Honey is like a Swiss army knife of savings. It has multiple tools that serve slightly different functions, all focused on helping you keep money in your bank account.
#1. Cash-Back on Purchases
Honey’s cash-back program is called Honey Gold. Unlike numerous coupon apps and browser extensions, Honey doesn’t guarantee a flat cash-back percentage at any given store. Instead, it offers cash-back on eligible items offered by participating vendors.
These are called “exclusive offers.” In order to get Honey Gold for an exclusive offer, you need to activate the offer ahead of time by clicking the little orange “H” icon at the top of your screen (as shown in the screenshot below). After installing the browser extension, this icon will be visible any time you visit a participating retailer’s website.
Clicking the Honey extension icon opens the menu shown above.You can scan the day’s top exclusive offers in the same pop-up, or find them organically as you shop in a separate pop-up on product pages.
The information shown in the Honey pop-up changes based on the page you’re browsing.However, I found that the best way to search for Honey Gold offers is to go to Honey’s homepage rather than the retailer’s website. From there, you can type your query into the search bar and filter results to only show “exclusive offers.”
You can search for any item you’re looking for to see options offered by Honey’s partnered vendors.After you search, you’ll get a list of all the matching items in Honey’s database from partnered merchants.
These items have not been filtered down to the ones with a cash-back promotion.Clicking the “Exclusive Offers” toggle button filters down to only those with a cash-back offer, as shown below:
This filtering tool essentially allows you to perform a multi-site cash-back search for a specific item, making it simple to find the best promotion available. Getting Paid Your Cash-BackOnce you’ve accumulated 1,000 in Honey Gold ($10) you can cash out for one of three options:
- $10 PayPal shopping credit, which you can use at any store that accepts PayPal.
- $10 gift card to select retailers including Amazon, Walmart, Target and more.
- $10 into your PayPal account, which can then be transferred out to any other account (like your bank).
You can only cash out in 1,000 Gold increments, but you get your gift cards emailed to you within 24 hours, and your PayPal cash is deposited instantly. That makes Honey one of both the fastest ways to get free gift cards and the fastest ways to get free PayPal cash.
#2. Automatic Coupon Codes
Honey’s automatic coupon code tool draws from its database of thousands of offers and automatically applies the one (or combination) that gets you the best deal. If you’re someone who doesn’t spend time searching for promo codes before making a purchase, it’s a fast and simple way to save money.
Unfortunately, Honey’s coupon code tool isn’t infallible. There were a few times I k
Final Thoughts
Before you check out, double-check honey review good but against current offers and any coupons you can stack. Small habits like this add up to real savings over a year.
Originally published at thewaystowealth.com.
Hillary Swetz
Our editorial team researches and verifies every money-saving guide before publishing. Editorial policy · About us
