@yoregano said in PSA - Shopkick went under:
I had literally just the day before cashed out. Saw an offer for Nutella ice cream that was essentially free (a little better, in fact, since it was on sale). Submitted a receipt, got the points within a few hours, and redeemed a $25 Paypal that also processed in a few hours. Then the next day, poof, Shopkick was gone. In the end, I only lost about $5 worth of points, so not too bad.
Yes, the cautionary tale, don’t let your credits build up too high at any of the apps/sites, because indeed, they can vaporize without warning.
I recall what’s probably the biggest fiasco of all time, Cyberrebate. I bought some stuff there and got my rebates back and managed to avoid disaster there, too, before they blew up. They ended up basically being a pyramid/ponzi scheme. I remember reading about the lawsuits; some creditors were in the hole six figures!
As we know, Fetch pulled a fast one on us about 2-3 years ago, upping point values to cash out for a gift card, making already earned points less valuable. I do take issue with their charging 10-20% premiums on many decent cash outs (ie 56K points for a $50 gift card). They kind of screw you that way, at least IBOTTA (for now) is dollar for dollar on what you earn to cash out as cash or GC’s.
Fetch doesn’t even offer a cash option, best is a prepaid Visa for like 64K points for $50 another joke.
And as I recently griped about, they took away the Albertsons family of GC’s from their offereings. something I regularly cashed out for.