The one thing that we all love is to shop, but what if you can squeeze and get maximum discount and every penny of your hard earned money back?
Yes, if you want to save or earn passive income cashback websites are the best choice. But not every app provides you with the best deals. So today we are here to give the best app for your online shoppings. The two top players of this industry are Honey Vs Rakuten. Today we will compare them and see which one is more profitable.
2. What Is Honey?
Honey is a free shopping platform that was started in 2012. It was acquired by paypal and grew into a leading platform for users over 17+ million worldwide. The statistics also say that the users of this app already saved over $1 billion through shopping. This app is best known for its automatic coupons and codes. One of the most impressive features of this app is that whenever you look for an e-commerce store you can find a pop-up where you can compare the best deals.
3. What is Rakuten?
eBates currently known as Rakuten is a top cashback shopping platform and known player in this industry. Using Rakuten you can get real cash back instead of coupons, it’s just pure cash that gives you pure happiness.
You can get a bonus of $25 when you sign up using the referral link. It provides cashback on every shopping you make using Rakuten.
The cashback will be transferred to your Rakuten balance within days of purchasing. You have an option to choose physical cheques or digital paypal transfer.
4. Honey Vs Rakuten – Features
Let’s dive deeper and know which app suits you the best for saving more money.
4.1 Availability of Stores.
The first thing you should consider when checking cashback websites is the availability of stores. Because, if there are no stores that you can shop regularly it is next to impossible to save money or earn passive income.
The good news is they both have a number of stores for the users to shop at. They work in almost many countries including:
Honey – Canada, the United States, Australia, and the UK.
Rakuten – Supports retailers in Canada, the United States, and the UK.
4.2 Coupons and codes
Both our top players offer coupon codes for its users to save money when shopping. But Honey is famous for its automatic coupon codes. Though it doesn’t have offers all the time, it is one of the best features of Honey.
On the other hand Rakuten doesn’t focus much on coupons. So in this section Honey wins the race with its automatic coupon codes.
4.3 Cashback rewards
Both Honey and Rakuten have cash back rewards that you can earn while shopping. With Honey, you get Honey gold known as the platform currency. In Rakuten you will get a specific amount of reward online Honey gold which is random.
Honestly, this is the feature that makes Rakuten better than Honey. Because in this you can calculate the cashback and shop accordingly which is not possible in Honey.
So in this comparison Honey is best at coupons, But Rakuten helps in better cashback shopping.
4.4 Reward options.
Both Honey and Rakuten are better when it comes to Reward options. With Honey you get upfront savings and can redeem honey gold for free gift cards from various retailers like Amazon, Walmart, Target, Ebay, uber and many more.
But the only downside of this app is that it doesn’t have paypal rewards if you want cash. On the other hand, Rakuten pays cash rewards through paypal once you each have $% or more in your account.
But when comparing both the aps, Honey has more flexibility than Rakuten but nothing beats real cash so Rakuten can be the ideal choice for real monetary cashback.
4.5 Browser Extensions.
The main objective behind Honey and Rakuten browser extension is to make this automated and easy for the users. With honey, you get notified with coupons and honey gold opportunities. Similarly with Rakuten, but it has few coupons and better cashback offers.
The main difference between these two apps is that Rakuten has a nifty comparison feature that notifies you with better prices than the current retailer you are shopping at. So this will be a tie between Rakuten and Honey.
4.6 Referral Program.
The referral program is not given much importance in both these apps. But in Honey, when you invite a friend you both receive 500 gold which is equal to $5 whenever they earn their first gold. You can refer upto 200 friends and there is no time limit to it.
Whereas, Rakuten gives you and your friend $20 whenever your friend spends their first $20. So we think Rakuten wins the comparison as well as it has a better referral program.
5. Honey Vs Rakuten: Reviews.
As per the user reviews and the website status the BBB has given reviews to both the business as follows:
Ebates or Rakuten has been in the business for the past two decades and has been rated with A+ with about 250 user complaints, this was before it was acquired by Rakuten.
Similarly, Honey is rated with A+ with zero complaints. Though it is new to the business since it was acquired by Paypal.
6. Final winner.
Finally, both Honey and Rakuten offer a lot of deals and easy cashback for its users. Honey offers immediate coupons and honey gold points as additional rewards for its users. On the other hand Rakuten provides cash back offers with immediate calculations.
Both are ideal for you if you want to try and experience seamless shopping with cashback rewards.