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Drop Spending App Cap Added
In previous posts I have shared my frustrating experiences with the Drop spending app. After debuting with what seemed like an amazing deal for customers, they changed their terms without notice to exclude manufactured spending and then later locked many user’s accounts. My account was locked even though I had not engaged in any manufactured spending.
Now, it seems like Drop has made yet another change to solidify their profitability. According to Doctor of Credit, Drop’s terms now limit users to a total of 5,000 points ($5) per week in rewards for their normal spending. Special targeted offers are excluded.
Drop users are limited to earning a maximum of 5,000 Drop points per calendar week (Sunday – Saturday) in connection with Drop’s ongoing (as opposed to one-time) offers. Drop maintains the right to review the accrual of points and to determine, in Drop’s absolute discretion, if certain transactions qualify for Drop Offers. Certain spending including, but not limited to, repeat purchases, high-value purchases, purchases of gift cards, and purchases made for commercial, non-personal or non-household purposes, may not, at Drop’s absolute discretion, be considered Qualifying Transactions and may be ineligible for Drop points. Drop may reverse point accruals that have already been processed if a transaction is deemed by Drop, upon review, to not constitute a Qualifying Transaction. Drop may also disable accounts that engage in repeated non-Qualifying Transaction activity.
As you can see they also added even more language to protect themselves when they lock your account and take your points. The language that any “high-value purchase” could be denied is particularly troubling, although with the cap I suspect it doesn’t matter all too much.
On the good news front or perhaps because they realized they were in the wrong, Drop has unlocked many accounts that were previously frozen. I was delighted to find my account had been unlocked and decided to cashout my roughly $250 worth of points. I do not plan to use this app anymore given the actions of the company up until this point and the sad cap on earnings.
Drop is a perfect example of a company that launched a product without thinking it through completely. In their maturing process they certainly made a lot of people mad, but at least now they are more honest with what they will payout on and what they won’t. Hopefully new customers won’t have the same issues in the future.
What do you think about this new cap? Was your locked account unlocked? Share your thoughts and experiences in the comments.
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.