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UPDATE: This promotion is over, but if you are new to Plink.com you can read this post to get an understanding of how to earn and redeem Plink points. Often time they have new member sign up promotions, so I suggest hold off on registering until one of these promotions comes available. You can search for the most recent Plink posts in the “Categories” section on the right hand side of this blog.
Just recently I was introduced to a new loyalty rewards website called Plink.com. Essentially, Plink allows you to earn rewards while making IN STORE purchases at various merchants (primarily restaurants and retail). Depending on the dollar value of the purchase, you’ll earn a certain number of “Plink” points which can be cashed out for a variety of gift cards (i.e., Amazon.com, Zappos, Walmart, etc.). It is a similar concept to the Airline/Hotel Dining Rewards program where you connect your credit card to the program and then earn points when using your registered credit card.
For a limited time, until April 14th to be exact, new Plink members who spend $20 or more at the Gap or Old Navy will earn 2,000 Plink points, which you can cash out for a $20 gift card. So if you shop often at one of the gift card redemption merchants, you can think of this as $20 in free apparel at the Gap or Old Navy! Or, if you were going to shop at the Gap or Old Navy by this date anyways, you can think of this as $20 free at one of the redemption merchants!
How this works:
- Sign up for Plink
- Link your credit card to your Plink account – I know many do not trust this concept so the choice is yours
- Add both the Gap and Old Navy to your Plink Wallet account
- Shop IN STORE at the Gap or Old Navy by April 14th (Sunday) and spend $20 or more in a single transaction on your registered credit card
The terms state that you will earn the points on April 18th. At this point you can cash out those points for a $20 gift card for the following: iTunes, Tango card (which can then be redeemed at many merchants such as: Target, Home Depot, Pottery Barn and REI, etc.), Amazon.com, Walmart, Kohl’s, Barnes & Nobles, Overstock.com, and Zappos.
There is an option to cash out on airline miles, but as the CMO of Plink wrote in the comments section, it a horrible redemption value. Here are the redemption values for miles/points
- 1000 Plink Points = 240 airline miles/loyalty program points
- 2500 Plink Points = 600 airline miles/loyalty points
- 5000 Plink Points = 1200 airline miles/loyalty points
- 10,000 Plink Points = 2400 airline miles/loyalty points
So the 2,000 points will get you 480 miles. Most would say that 480 miles is worth about $9.60, but it really depends on how you redeem. Unless you are able to get 5 cents per mile out of your airline redemption, I’d absolutely go with the gift card redemption!
Also, I was able to create another using a different email address (for a family member) and link it up to one of my credit cards even though it has the same billing address. The only thing is that you cannot use two of the same banks – for example, you cannot use two Chase cards. I also had problems registering with my American Express credit card, but that could have been an issue with my personal account.
Note: The Plink link listed is a referral link. While I would love for everyone to post their own referral links in the comments, I removed them as only specially created links by Plink are eligible for the promotion and not personal links – sorry!