Attn Foodies! My Linkables is offering a deal for $5 off a $40 purchase at Trader Joe’s! (See below for my update)
For those interested in the fine print, without having to sign up for membership, here are the details:
Offer Terms and Conditions:
Discount of $5.00 off your next purchase of $40.00 or more for products at Trader Joe’s. Limit one offer per registered user. This offer is being sponsored and paid for by Linkable Networks, Inc. The offer is NOT sponsored, endorsed or affiliated with Trader Joe’s. This offer is only valid for qualifying purchases made on the Payment Card which is registered with the MyLinkables.com service and to which you linked the offer. Offer valid on purchases made from 12:00:01 A.M. Eastern Time (“ET”) on 02/17/2012 or the date in which you link this offer to your card (whichever is later) and ends at 11:59:00 P.M. ET on 03/16/2012 (“Offer Period”).
This Offer is valid in the U.S. only. Gift certificates/cards, packaging, taxes and prior purchases do not qualify toward the minimum purchase requirement and the discount cannot be applied to such items. This offer cannot be combined with other offers, promotions or discounts. No adjustments on previous purchases. Purchases made with this offer are not eligible for a price adjustment. Offer is non-transferable and may be cancelled or modified at any time. The offer is void where prohibited. This offer is subject to the MyLinkables.com Terms of Service (https://www.mylinkables.com/termsofservice). This offer is being sponsored by Linkable Networks, Inc., 268 Summer Street, 5th Floor, Boston, MA 02210.
Your savings will appear as a Payment Card or PayPal (if applicable) statement credit typically within 7 to 14 business days after the merchant processes your transaction. This discount is the responsibility of Linkable Networks, Inc., the offer sponsor. Your Payment Card issuer is not responsible for the discount’s funding.
What is MyLinkables?
The premise of MyLinkables is, in a nutshell, you sign up, link to a credit (debit) card, choose a deal(s), make the necessary purchase using your linked credit/debit card, and soon you’ll receive the promised credit posted back to your linked credit card.
I only recently joined MyLinkables, and I do not have specific experience with them just yet, so use at your own risk.
I am planning a Trader Joe’s shopping trip next week, so it will be a good test. From what I have read online, they seem fairly reputable, but there are no guarantees.
Important Cautions Regarding MyLinkables
I must stress, before you join My Linkables, it’s important to understand that they require access to your online credit/debit card log-in credentials.
You can initially sign up & log in without a credit card, and you can see the available deals, but in order to link to an deal, you’ll need to give them your credit/debit card username and password.
I am extremely guarded about my personal privacy and security and I do not like external entities accessing my bank and/or credit card accounts.
I stay away from financial management web sites like Mint.com because I don’t care how much security measures they claim, I don’t trust it. (If the FBI can’t keep out hackers, I don’t think Intuit has a chance! ha!)
So, keeping security in mind, I thought it was wise to link to a rarely-used credit card account that was totally separate from my every-day accounts, and I also suggest that other users do the same.
Another Caution – Access to Your Purchase History
How Does MyLinkables Make Money?
One more aspect of MyLinkables is their business plan. I wondered how they were making money if they were the ones sponsoring their own deals.
I emailed them to ask, and to also inquire why a Paypal account was requested, since the refunds are supposedly credited to the linked credit card.
This was their reply:
MyLinkables has integrated with, or is in the process of integrating with several large banks and card networks. For these cards, the savings will be applied directly back to the card. For other cards outside of these integrations, the savings will be deposited into a PayPal account, for example. From PayPal, you have the option to transfer the money directly to a bank account.
Since we’re a start-up, several of our initial offers were or are self-funded, as we build our customer base. However, recent offers available to some of our bank’s consumers have been sponsored by the merchants involved.
Yeah, it all sounds wonderful, but truthfully, I am very hesitant because they do have access to your purchase history. And that could be worth a lot more than a $5 credit to them! So just be cautious everyone!
MyLinkables is running a 2nd Trader Joe’s offer for $5 off $50, which expires on June 27th.
Their first offer earlier this year worked out well. I made a $45 Trader Joe’s purchase on March 13 and the $5 credit was posted to my Paypal account on March 19. I would definitely use them again, but continue to use my separate credit card.