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Offermatic Review – Get Automatic Deals & Discounts – Win 2 Free Fandango Movie Vouchers

By David Bakke

offermatic logoI recently stumbled upon a website called Offermatic, and I’m excited to tell you about it because it has the potential to save you money at places where you’re already shopping.

It’s actually difficult to categorize the site because it’s pretty unique and there isn’t anything else like it out there just yet. It’s not really your typical coupon site, it’s not an online budgeting or money management tool, and it’s not one of thoseĀ group buying daily deals sites either. In fact, Michael Arrington of TechCrunch calls it the “freak love child” of Mint.com, Groupon, and Blippy.

Offermatic helps you save money – quickly, safely, and easily. So how exactly does it work? Allow me to explain.

How It Works

In a nutshell, Offermatic is a website that offers automatic rebates, exclusive discounts, and rewards points for using your credit card. It’s free to sign up.

The process is simple. To sign up, enter your email address, a password, and your zip code. Next, enter the account number and online login information for the credit or debit card you use the most. Once you do that, Offermatic scans your most recent purchase history, and based on that data, sends you deals and discounts that are relevant to you.

In order to get a better perspective, I signed up for Offermatic myself. Within minutes, I received my first offer, which actually turned out to be quite useful – a $5 rebate to an online retailer I shop at pretty often. The only catch is that my total purchase needs to be at least $50 and completed within the next two weeks. That’s pretty much the only qualifier. Just spend $50, and get $5 put right back on the credit card. That’s a 10% discount for nothing more than a few minutes on Offermatic. For my next offer, I received the same $5 rebate for another online retailer that I use often. Not bad considering that I’m not doing anything differently to earn these discounts.

offermatic offers

The Pros

There are many advantages to using Offermatic, but below are the top 5.

1. Relevant Offers
Offermatic’s deals are relevant to your purchase history, your location, or your interests. They don’t waste your time by sending you offers you won’t find enticing.

2. Great Deals
The deals they offer are not rinky-dink discounts. The discounts they send are at least 50% off. The direct rebates they give seem to be at least $5, applied directly to your credit card.

3. Safety
The site is absolutely safe and secure. They use the same SSL encryption devices that most national banks use. Additionally, your credit card log-in information is never displayed on the site after set up. So, even if someone were to gain access to your Offermatic account, they could not get to your credit card log-in information. Offermatic never sells your information to any third party vendors.

4. Anonymity
The site is truly anonymous. I have never once entered my name, address, or anything else of a personal nature.

5. Ease of Use
The site really couldn’t be any easier, quicker, or simpler. Set-up took less than a minute, and offers started appearing a few minutes after that.

The Cons

There really aren’t serious downsides to using Offermatic. However, their loyalty system does reward those who use the site the most, which means you’ll need to spend some additional time and effort to get the most benefit.

The offers that Offermatic sends are divided into levels. The base offers are at Level One, andĀ  Levels Two, Three, and VIP follow that. The offers get significantly better as you advance through the levels. You need at least 4,000 points to unlock Level Two. Level Three unlocks at 11,500 points, and the VIP Level unlocks at 36,000 points. These point levels may be difficult to achieve, but I imagine that I’ll get there over time.

More On Points And Rewards

The number of points you have in your account is tied directly to the offers that are sent to you. You can also redeem these points for even more rewards.

After signing up and doing just a few extra things, I am currently at 627 points. It looks like you get 500 points for signing up, and you one point for every offer that you activate. Take note, you can activate an offer by logging in to your account and clicking on that offer. It doesn’t even matter if you utilize the offer; you still get credit for activating it.

offermatic points

You can build your point total in a variety of ways.

  • Refer a friend: Refer a friend for 200 points.
  • Follow @Offermatic on Twitter: Do you use Twitter? In addition to getting VIP access to special offers, you also gain 100 points.
  • Like Them on Facebook: Facebook fans get the same VIP access, and you also get another 100 points.
  • Review an Offer: Review one of the offers you receive (the review can be as little as a few words or so) and gain 25 points per review.
  • Register Additional Cards: Register additional credit cards and get 150 points per card.

And as I said, the points are dual-use. The higher your point total, the better offers you can access. For example, VIP members are eligible for direct rebates of up to $50! You can also redeem these points for gift cards. Basically, every 25,00 points qualifies you for a $25 gift card to a variety of retailers. Remember that all of this is in addition to the rewards program attached to your specific credit card.

offermatic redeem points

Final Word

There is no reason why you shouldn’t give Offermatic a try. It’s quick, simple, and easy, and the offers are relevant to you. Why not get discounts for shopping at places you probably already shop at? I’m glad I found Offermatic and you will be too.

Has anyone else out there had any direct experience with Offermatic? Your thoughts and comments are appreciated below.

David Bakke
David started his own personal finance blog, YourFinances101, in June of 2009 and published his first book on ways to save more and spend less called "Don't Be A Mule..." Since then he has been a regular contributor for Money Crashers. He lives just outside Atlanta, GA and most all of his free time is taken up by his amazing three year old son, Nicholas.

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  • Karmella

    Don’t enter me, I didn’t sign up, just commenting-

    I saw that on Lifehacker last spring before they launched I think. Interesting idea, but for me the upsides don’t outweigh the potential downsides – after that mess with Blippy last year I am even more reluctant to jump on these types of things – especially if you need to provide log on details. I know a ton of people use Mint though, with the same back end, so this is probably the wave of the future.

    Now if only they could offer me the discounts before I spent any money! Although give it a few months, they probably will.

    I find the idea of it really interesting – please keep us posted as you keep using it, I’d like to hear your impressions as you go along.

  • Mike

    It has some good offers. However, I am still waiting for my $5 credit to appear.

  • Rebecca

    Hi David, Offermatic sounds great, the only problem is I signed up but they don’t have my bank on file. I’m going to contact them to find out how we can work around this.

    Thanks!

  • Katelin

    I’ve been using Offermatic since July 2010. I’ve been awarded $5 in rebates, with another $5 coming to me shortly. Admittedly, it still has a few kinks to be worked out. The site is slow and somewhat difficult to navigate. It’s also a hard sell to new users (“Just enter all of your log in information for each of your financial institutions…”) that aren’t already using services that have this interface. $10 in 6 months may not be worth the risk of security. That said, I’m a trusting person, have not experienced any security issues with Offermatic, and, as a result, now have $10 I didn’t have before.

    I very much look forward to Offermatic increasing their offers (especially offers that don’t involved trying to convince your friends to sign up) and getting their website up to snuff. It’s a brilliant idea that I’m anxious to continue capitalizing on.

  • http://womenwhowin.blogspot.com/ Michelle @womenwwin

    Awesome- I just signed up! It’s just like Mint! One downside is that I instantly got 5 emails with offers- woah nelly! :) One offer was for $5 off a Southwest airlines purchase, but sadly it expires in 2 weeks. Probably won’t be making one that fast. Hopefully these offers will last longer!

  • Neel

    Activated and used Offermatic a few times now – still haven’t received any of the refunds yet. If it works, I’ll definitely stick with it and be a promoting customer. If the refunds don’t come through this billing cycle or next, I’ll likely stop using it.

  • Stewart

    Looks like an interest site/product. Reminds me a lot like Mypoints qith the emailed offers and point system. I’m will to try it.

    Thanks

  • Heather H

    Looks like a neat site and a good idea. The theory behind it is similar to others, so we shall see how this pans out over the next bit and how much I will use it.

  • Angela

    I signed up, but it is a little frustrating. I can’t find my bank in the listing (maybe because it is a state bank). Not sure where to go next. :-/

  • Eddy

    Pros: Easy to set up, variety of offers, convenient to “use” (i.e. I can “set it and forget it” and I’ll still earn points and get new offers)

    Cons: It looks like it may take awhile to unlock additional levels, I may miss out on certain offers because I don’t check back on the site enough

  • Bennie Giles

    Takes the pain out of coupon hunting. What a great concept!

  • Tara

    I signed up for Offermatic more because I could see the possibility of it getting really big. I was planning a purchase on Expedia so the $5 credit sounded pretty good. I haven’t gotten it yet but hopefully soon. That will be the big test in my opinion. I do think the amount of points for each level are really high for what they currently offer but hopefully if it grows in popularity, the service will get better.

  • Kyle

    Thanks MC for this review. I signed up for Offermatic as soon as I read your article. And within 10 minutes of signing up, I had 3 offers that gave me a total of $15. Free money! Great website, easy to use, and relevant to my consumer habits!

  • Tom Malin

    I just recently signed up so I haven’t had a lot of exposure to it yet. However, I like the concept and expect it to be very worthwhile.

  • EO

    Just signed up and already two offers that were relevant to me. Looks like a great start and plan to use it going forward.

  • Mike Z

    Thanks for posting this article. The concept seems really neat! I signed up for Offermatic and it will be interesting to see how much money it saves me. I do have some concerns about security, so I only added 1 card at this time…but if all goes well, I may consider adding more cards. I signed up for a 5% gas rebate, so I’m waiting to see if this actually works.

  • Amanda

    I signed up and already got some offers. I think it is going to be a great site.

  • Paul D

    I have been using it for about a week now. I have to say in the beginning I thought it was a great concept and a good way to get deals. Unfortunately, I have only been offered 3 deals, subway, newegg and southwest, all which I didn’t use. I really was hoping for more opportunities. Also…it should be easier to get points…seems to be to take too long to get to the next level.

  • Joe

    50% off on two gift cards.. so far so good!

  • Jo

    This seems like a pretty neat concept. Obviously, you can’t earn that much from the rebates unless you’re a “power users” but something is better than nothing on purchases you’d be making anyway.

  • BOB

    I love this site….i got $35 for the first time only…..they are in process now. Just free money who want to loose….

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