BountyZoo.com New Program Review — update, 7/3/07: Site down, for good? The latest, here
The first American rewards program by a company that owns an established, popular UK rewards program called GreasyPalm, BountyZoo has just launched and it’s a little different. Whether it’s right for you really depends on your shopping behavior.
The good news: the site pays every penny of its earnings back to its members in the form of rebates, and there is no minimum to cash out. The bad news: it’s at a cost, namely $35 a year ($25 for the first year). The cost is taken out of your earnings, so you don’t have to pay for it out of pocket… but you’d have to earn more than $25 this year to see the first penny of your rebates. And even then, the only benefit is that you’d earn some percentage extra than what you could earn from a free rewards program.
BountyZoo says that it offers “generous,” “supersized” rebates “up to double” their competitors. But does it measure up?
Fatwallet pays 3% for Half.com…vs. 5% at BountyZoo.
QuickRewards pays 3.1% for Miles Kimball…vs. 7.5% at BountyZoo.
Fatwallet pays 6% for Footlocker…vs. 5% at BountyZoo.
Netflip pays 8% for Hickory Farms…vs. 7% at BountyZoo.
So the results are mixed. Sometimes you’re a few percent better off with BountyZoo. IF you can find the merchant you’re looking for. That’s another significant consideration — there are a lot of popular online merchants for which BountyZoo does not currently reward, including Target, Walmart, Barnes and Noble, Tower Records, Office Depot, Avon, Sports Authority, and Drugstore.com. Hopefully these and other merchants will be added in the near future.
Just to give you some numbers (what this site’s here for): let’s say for comparison’s sake that you earn on average 3% more per merchant at BountyZoo than anywhere else. You’d have to spend $833 in order for your 3% in extra earnings to equal the $25 membership fee and make it worthwhile to join the program. And year two, when the membership fee goes up to $35, you’d have to spend $1,167 to break even.
I’m not saying this is unreasonable, simply that this program is not for everyone and will only benefit people who spend a significant amount of money online.
If you’d like to join to take a look at the site, please click here. For more info on the program, read on!
Please click here to join.
Date Launched: February 2006
Reward Per Dollar Spent: Varies
Minimum to Redeem: None, once the cost of the annual fee is exceeded ($25 the first year, $35 annually thereafter)
Prizes Offered: Rebates paid via PayPal
Full Prize List: N/A (rebate)
Earn Points For: Shopping, signups, referrals
Participating Merchants List: No master list available
Limit One Account Per: Individual US resident
Daily “Free” Points: None, straight rebate program (no points)
Notes: Get $10.00 for signing up, which is applied against the annual $35 membership fee.